Aastha Spintex September-quarter profit rises to Rs 5.19 crore

Aastha Spintex Limited reported standalone profit of Rs 5.19 crore for the quarter ended September 30, 2026, up from Rs 3.90 crore a year earlier and Rs 3.09 crore in the June quarter, as revenue from operations reached Rs 112.20 crore. The board approved the unaudited results on November 7, 2026.

How did Aastha Spintex perform in the September quarter?

Aastha Spintex increased standalone revenue, total income and profit in the September 2026 quarter. Revenue from operations rose to Rs 112.20 crore from Rs 79.89 crore in the quarter ended September 30, 2025, and Rs 77.47 crore in the quarter ended June 30, 2026. Other income was Rs 50.60 lakh, taking total income to Rs 112.70 crore, compared with Rs 80.05 crore a year earlier.

Profit before tax was Rs 7.08 crore, versus Rs 5.44 crore a year earlier and Rs 4.82 crore in the preceding quarter. Current tax amounted to Rs 2.09 crore and deferred tax was a credit of Rs 19.35 lakh, resulting in profit for the period of Rs 5.19 crore. Total comprehensive income was Rs 5.20 crore after a Rs 2.08 lakh remeasurement gain on defined-benefit plans.

What changed in Aastha Spintex's September-quarter costs?

Aastha Spintex's total standalone expenses rose to Rs 105.62 crore from Rs 74.62 crore a year earlier, while revenue increased by Rs 32.31 crore over the same comparison. Cost of materials consumed declined to Rs 63.00 crore from Rs 69.85 crore, but purchases of stock-in-trade rose to Rs 12.15 crore from Rs 6.91 crore. Changes in inventories were a Rs 14.34 crore expense, compared with a Rs 12.06 crore credit in the September 2025 quarter.

Finance costs increased to Rs 3.82 crore from Rs 2.66 crore a year earlier and Rs 2.94 crore sequentially. Other expenses rose to Rs 8.09 crore from Rs 2.99 crore in September 2025 and Rs 2.90 crore in June 2026. Employee-benefit expense was Rs 2.25 crore against Rs 2.25 crore a year earlier, while depreciation and amortisation was Rs 1.97 crore, compared with Rs 2.02 crore.

The inventory movement was also materially different from the June 2026 quarter, when it represented a Rs 15.87 crore credit to expenses. Despite the shift to a Rs 14.34 crore expense in the September quarter, profit before tax increased by Rs 2.26 crore sequentially, alongside the Rs 34.73 crore rise in revenue from operations.

What do Aastha Spintex's half-year figures show?

Aastha Spintex reported standalone profit for the half year ended September 30, 2026 of Rs 8.28 crore, compared with Rs 6.18 crore in the corresponding half year of 2025. Revenue from operations rose to Rs 189.67 crore from Rs 171.80 crore, while profit before tax increased to Rs 11.90 crore from Rs 8.60 crore. Finance costs for the six-month period rose to Rs 6.76 crore from Rs 5.18 crore.

Standalone total assets stood at Rs 505.70 crore at September 30, 2026, compared with Rs 339.54 crore at March 31, 2026. Investments rose to Rs 131.51 crore from Rs 20.00 crore, and cash and cash equivalents increased to Rs 40.98 crore from Rs 7.15 crore. Inventories fell to Rs 144.02 crore from Rs 155.14 crore, while trade receivables declined to Rs 44.16 crore from Rs 56.20 crore.

Net cash used in operating activities was Rs 14.81 crore in the half year, compared with Rs 9.90 crore used in the corresponding 2025 period. A Rs 26.67 crore decrease in trade payables and a Rs 33.28 crore increase in other current assets outweighed operating profit before working-capital changes of Rs 23.00 crore. The standalone cash-flow statement also records Rs 111.51 crore invested in subsidiary equity shares and Rs 10.00 crore of loans given to the subsidiary.

How did the IPO and Falcon acquisition affect Aastha Spintex?

Aastha Spintex completed an initial public offering, or IPO, of 1.25 crore fresh equity shares at Rs 136 each during the quarter, raising Rs 170 crore. The shares were allotted on July 2, 2026 and listed on BSE Limited and NSE Limited on July 6, 2026. Paid-up equity share capital increased to Rs 44.14 crore after the IPO, from Rs 31.64 crore previously.

Following shareholder approval at the September 16, 2026 annual general meeting, Aastha Spintex allotted 4.41 crore fully paid bonus shares on September 29, 2026 in a one-for-one ratio. The company capitalised Rs 44.14 crore from securities premium, lifting paid-up equity share capital to Rs 88.28 crore. Basic earnings per share, adjusted for the bonus issue under Indian Accounting Standard 33, was Rs 0.59 for the September quarter, compared with Rs 0.66 a year earlier.

Aastha Spintex acquired 100% of Falcon Yarns Private Limited for Rs 131.51 crore. It used Rs 111.51 crore of IPO proceeds for the acquisition and Rs 10.00 crore for Falcon's working-capital requirements. Falcon became a wholly owned subsidiary and was consolidated from August 19, 2026; consolidated September-quarter revenue was Rs 143.06 crore and consolidated profit for the period was Rs 7.99 crore, without a prior-period comparator.

What qualification and IPO-use disclosures did Aastha Spintex make?

Aastha Spintex said its statutory auditors issued a modified, qualified conclusion on the September 2026 standalone and consolidated financial results. The company disclosed cash on hand of Rs 39.53 crore at September 30, 2026, representing 7.82% of total assets, and said the cash mainly related to procurement customarily settled in cash. Physical verification of this cash had not been carried out at the reporting date.

Management said it will conduct a physical verification of cash at the end of every quarter and has strengthened controls over cash handling. The September 2025 comparative quarter and half-year figures were not subject to limited review or audit, although management said it exercised due diligence to ensure they provided a true and fair view. The September 2026 results were prepared under Indian Accounting Standard 34, or Ind AS 34.

Of Rs 170 crore in gross IPO proceeds, Aastha Spintex reported utilisation of Rs 168.96 crore by September 30, 2026, leaving Rs 1.05 crore unutilised. The balance included Rs 3.48 lakh for general corporate purposes and Rs 1.01 crore for issue-related expenses. The company said there was no deviation from the stated objects of the issue and that the monitoring-agency report had been reviewed.

Conclusion

Aastha Spintex's September-quarter standalone result combined revenue of Rs 112.20 crore with profit of Rs 5.19 crore, exceeding both the year-earlier and preceding-quarter figures. The increase occurred alongside higher finance costs, other expenses and a reversal in the inventory-cost effect, while half-year operating cash flow remained negative at Rs 14.81 crore.

The next disclosures to watch are the effect of Falcon's consolidation, which began only on August 19, 2026, and management's planned quarterly physical verification of cash after reporting Rs 39.53 crore of cash on hand. Aastha Spintex also had Rs 1.05 crore of IPO proceeds unutilised at September 30, 2026.