Angel Fibers posts Rs 3.0311 crore half-year net profit

Angel Fibers Limited reported standalone profit after tax of Rs 3.0311 crore for the six months ended September 30, 2026, reversing a Rs 44.61 lakh loss in the preceding half year, as profit before tax reached Rs 4.3444 crore and finance costs declined to Rs 77.87 lakh.

How did Angel Fibers return to profit in September 2026?

Angel Fibers returned to profit in the September 2026 half year after recording profit before tax of Rs 4.3444 crore, which exceeded its tax expense of Rs 1.3133 crore and resulted in profit after tax of Rs 3.0311 crore. The company had reported a Rs 44.61 lakh loss after tax in the six months ended March 31, 2026, while profit after tax was Rs 1.7269 crore in the corresponding six months ended September 30, 2025.

The September 2026 outcome was also higher than the Rs 2.4023 crore profit before tax reported a year earlier. The company disclosed no exceptional or extraordinary items for the September 2026 half year, so the Rs 4.3444 crore profit before tax was derived from its reported revenue and expense lines.

Angel Fibers reported basic and diluted earnings per share of Rs 1.21 for the September 2026 half year, against a loss per share of Rs 0.18 in the preceding half and earnings per share of Rs 0.69 a year earlier. Paid-up equity share capital, measured on a weighted-average basis, was Rs 25 crore in each of the three periods, with a face value of Rs 10 per share.

The September 2026 tax charge comprised current tax of Rs 1.1732 crore and deferred tax of Rs 14.01 lakh. In contrast, the March 2026 half-year accounts showed a current-tax credit of Rs 0.07 lakh and deferred tax of Rs 1.8804 crore, which meant the Rs 1.3437 crore pre-tax profit in that period became a reported net loss.

What changed in Angel Fibers revenue and expenses?

Angel Fibers reported total revenue of Rs 108.6905 crore for the six months ended September 30, 2026, compared with Rs 103.37 crore in the preceding half year and Rs 112.8543 crore in the corresponding 2025 half year. Revenue from operations was Rs 106.1776 crore and other income was Rs 2.5129 crore in the latest period.

The filing identifies Angel Fibers as operating in one segment, spinning of cotton yarn, and therefore states that segment reporting is not applicable under Accounting Standard 17. Sequentially, total revenue increased by Rs 5.3205 crore, while it was Rs 4.1638 crore below the corresponding September 2025 half-year level.

Total expenses rose by Rs 2.3197 crore from the March 2026 half year, less than the sequential Rs 5.3205 crore rise in total revenue. Compared with September 2025, expenses declined by Rs 6.106 crore, a larger change than the Rs 4.1638 crore decline in total revenue, lifting profit before tax from Rs 2.4023 crore to Rs 4.3444 crore.

Material consumption was the largest cost at Rs 85.4258 crore in the latest half year, followed by other expenses of Rs 12.7923 crore, employee benefits expense of Rs 4.7964 crore and depreciation and amortisation of Rs 2.3436 crore. Changes in inventories of finished goods, work in progress and stock in trade reduced expenses by Rs 1.7906 crore, whereas this line added Rs 1.4216 crore in the preceding half year.

How did Angel Fibers finance costs and borrowings change?

Angel Fibers reduced finance costs to Rs 77.87 lakh in the September 2026 half year from Rs 1.995 crore in the March 2026 half year and Rs 1.2324 crore in the corresponding 2025 half year. The cash-flow statement records Rs 6.8027 crore of repayments of long-term borrowings and Rs 1.296 crore of repayments of short-term borrowings during the latest half year.

Long-term borrowings stood at Rs 12.3538 crore at September 30, 2026, down from Rs 19.1565 crore at March 31, 2026. Short-term borrowings fell to Rs 14.0019 crore from Rs 15.2981 crore over the same period, while the debt-equity ratio moved to 0.82 from 1.18 at March 31, 2026 and 1.43 in the corresponding September 2025 period.

Angel Fibers reported an interest service coverage ratio of 6.41 for the September 2026 half year, compared with 2.01 in the preceding half and 2.95 a year earlier. Its debt service coverage ratio was 1.53, against 1.15 and 1.66 respectively; the filing defines this measure as earnings before interest and tax plus depreciation divided by interest expense and principal repayments on long-term loans.

What do Angel Fibers cash flow and balance sheet show?

Angel Fibers generated net cash from operating activities of Rs 9.0738 crore in the six months ended September 30, 2026, compared with Rs 3.4323 crore in the corresponding 2025 period. Operating profit before working-capital changes was Rs 7.4378 crore, while the cash-flow statement showed an Rs 82.31 lakh reduction in inventories and an Rs 2.2125 crore increase in trade payables.

Financing activities used Rs 8.8775 crore in the latest half year, including the Rs 6.8027 crore long-term debt repayment, Rs 1.296 crore short-term debt repayment and Rs 77.87 lakh finance costs paid. Investing activities used Rs 17.74 lakh, including Rs 20.63 lakh spent on tangible assets, leaving cash and cash equivalents at Rs 18.49 lakh on September 30, 2026, compared with Rs 16.60 lakh on March 31, 2026.

Total assets and liabilities were Rs 77.4009 crore at September 30, 2026, compared with Rs 79.7282 crore at March 31, 2026. Tangible assets declined to Rs 30.4376 crore from Rs 32.5746 crore, inventories fell to Rs 23.527 crore from Rs 24.3501 crore, and trade receivables increased to Rs 9.6336 crore from Rs 8.5916 crore.

Conclusion

Angel Fibers’ September 2026 half-year accounts show a return to profit despite lower year-on-year revenue. Total expenses fell by Rs 6.106 crore from the corresponding 2025 half year, compared with a Rs 4.1638 crore decline in revenue, while finance costs declined to Rs 77.87 lakh from Rs 1.995 crore in the preceding half year.

The filing does not disclose profit guidance, an operating target or a scheduled future corporate event. Future disclosures will show whether Angel Fibers can sustain the lower borrowing balances of Rs 26.3557 crore, combining long-term and short-term borrowings at September 30, 2026, while managing trade receivables of Rs 9.6336 crore in its cotton-yarn spinning business.