Banswara Syntex FY26 PAT up 33%, FY27 revenue guided

Key takeaway from FY26

Vertically integrated textile manufacturer Banswara Syntex reported a strong FY26 performance, supported by improving contribution from value-added segments. Profit after tax (PAT) for FY26 rose 32.8% year-on-year to ₹28.4 crore, while EBITDA for the year was reported at approximately ₹143.6 crore (rounded to ₹144 crore). The company said this translated into an EBITDA margin of around 11%. Management also indicated an FY27 revenue target range of ₹1,450-1,500 crore, despite “headwinds” referenced in its commentary.

Q4 FY26 shows sharp improvement in profitability

The March quarter was described as particularly robust. For Q4 FY26, Banswara Syntex reported total income of ₹369.3 crore, up 6.6% year-on-year. EBITDA increased 46% year-on-year to ₹46 crore, with the company attributing this to improved operational performance and better cost absorption. PAT for Q4 FY26 stood at ₹9.6 crore, reflecting year-on-year growth of 87%.

Fabrics: record FY26 revenue and higher volumes

The fabric division delivered what the company called a resilient performance in FY26. Fabric revenue stood at ₹154 crore in Q4 FY26 versus ₹145 crore in Q4 FY25. For the full year, fabric revenues rose 5% year-on-year to a record ₹569 crore.

Volume growth accompanied the revenue increase. The company reported sales volume of 62 lakh meters in Q4 and 230 lakh meters during FY26. It also referenced healthy domestic demand and expansion within its US customer base as supports to the fabric business during the year.

Garments: strong quarterly jump, better utilisation

The garment division emerged as the key growth driver in the disclosures provided. Garment revenue increased 40% year-on-year in Q4 to ₹96 crore. For FY26, garment revenue increased 18% to ₹324 crore.

The company also reported improved capacity utilisation in the garment division from 46% to 72%. In terms of volumes, garment sales were reported at 11 lakh pieces in Q4 FY26 and 39 lakh pieces during FY26.

Value-added mix improves in FY26

Banswara Syntex said contribution from value-added segments continued to rise. Fabric and garment divisions together contributed 66% of revenue in FY26, compared with 63% in FY25. The company linked this shift to improving contribution from higher value segments, which also aligned with the stronger EBITDA performance reported for FY26.

Yarn division: Q4 revenue decline; full-year figure cited

The company also referenced its yarn business performance, noting that yarn revenue stood at ₹113 crore in Q4 FY26 compared with ₹123 crore in Q4 FY25, a reduction of ₹12 crore.

In the same commentary set, a full-year revenue figure for FY26 was stated as ₹4,449 crore versus ₹460 crore in FY25 for the referenced line item. These figures were presented as-is in the provided data, without additional context on segment scope or accounting classification.

Q3 FY26 and nine-month trends provide context

The company disclosed that total income stood at ₹343.3 crore in Q3 FY26. EBITDA for the quarter was ₹42 crore, described as a 25% quarter-on-quarter increase. Profit before depreciation and tax was reported at ₹31.3 crore in Q3, while profit before tax was ₹17.9 crore. PAT for Q3 FY26 was ₹13.2 crore, described as an 89% quarter-on-quarter increase.

For nine months of FY26, total income was reported at ₹1,000 crore, up 4% compared to the same period last year. Nine-month EBITDA stood at ₹97.6 crore, up 14% year-on-year. Profit before tax for nine months was ₹25.5 crore and PAT was ₹18.8 crore, up 16% year-on-year.

FY25 baselines mentioned in disclosures (multiple figures)

The provided material includes FY25 numbers from different contexts. One set of figures stated FY25 total income (turnover) of ₹1,307.5 crore, EBITDA of ₹117.2 crore (EBITDA margin 9%), and PAT of ₹21.4 crore. It also stated Q4 FY25 total income of ₹346.6 crore and Q4 FY25 EBITDA of ₹31.5 crore with a margin of 9.1%.

A separate statement said that in FY25, Banswara Syntex reported consolidated revenue of ₹1,034.90 crore (up from ₹936.37 crore in FY24) and PAT of ₹47.59 crore (up from ₹42.84 crore). These FY25 figures were reported in the provided text as separate references.

Summary table: FY26 performance snapshot

What management has guided for FY27

Looking ahead, the company said it expects revenues in the range of ₹1,450-1,500 crore in FY27. Alongside this guidance, management commentary also referenced an intent to maintain and improve operating performance going into the next financial year.

Why the FY26 print matters for investors

The FY26 disclosures point to two key themes investors typically track in textile manufacturers: mix improvement and operating leverage. The fabric and garment divisions increased their combined revenue contribution to 66% in FY26 from 63% in FY25, indicating a larger share of value-added business. In Q4 FY26, the jump in EBITDA to ₹46 crore and PAT to ₹9.6 crore also suggests that cost absorption improved as the quarter progressed.

The FY27 revenue guidance of ₹1,450-1,500 crore provides a clear near-term milestone. Any further updates on capacity utilisation trends in garments, fabric demand conditions, and the company’s stated headwinds will be key operational markers to watch in subsequent quarters.