Fascinate Textiles H1 revenue rises 44% to Rs 77.25 crore

Fascinate Textiles Limited reported revenue from operations of Rs 77.25 crore for the half year ended September 30, 2026, a 44% increase from Rs 53.49 crore a year earlier. Net profit rose 52% to Rs 9.35 crore, while operating activities used Rs 15.18 crore of cash during the period.

What did Fascinate Textiles report for H1?

Fascinate Textiles reported total income of Rs 77.33 crore for the half year ended September 30, 2026, compared with Rs 53.51 crore in the half year ended September 30, 2025. Revenue from operations was Rs 77.25 crore and other income was Rs 7.88 lakh, compared with other income of Rs 16.60 lakh in the corresponding prior-year period.

Net profit was Rs 9.35 crore for the September 2026 half year, versus Rs 6.15 crore a year earlier and Rs 8.95 crore for the half year ended March 31, 2026. Basic and diluted earnings per share were both Rs 8.77 for the latest half year, compared with Rs 5.97 for the half year ended September 30, 2025.

Revenue from operations was also higher than the Rs 63.60 crore reported for the half year ended March 31, 2026. Paid-up share capital stood at Rs 13.76 crore on September 30, 2026, compared with Rs 10.30 crore at September 30, 2025. The results were approved by the board on November 2, 2026.

How did costs and operations change at Fascinate Textiles?

Fascinate Textiles reported total expenses of Rs 63.92 crore for the half year ended September 30, 2026, compared with Rs 49.99 crore for the half year ended September 30, 2025. Raw-material consumption was Rs 55.53 crore, up from Rs 35.76 crore, making it the largest separately listed expense in both periods.

Other expenses were Rs 9.89 crore in the latest half year, against Rs 7.13 crore a year earlier. Employee-benefit expense increased to Rs 2.67 crore from Rs 2.01 crore, finance cost rose to Rs 1.86 crore from Rs 99.34 lakh, and depreciation and amortisation was Rs 33.06 lakh compared with Rs 8.72 lakh.

Fascinate Textiles describes its business as readymade-garment manufacturing with a predominantly business-to-business, order-driven model. Its disclosed categories are kidswear, infantwear, menswear and womenswear, and its production processes include cutting, stitching, finishing and quality control. The company says production is undertaken against approved samples and confirmed purchase orders.

The profit-and-loss statement includes pre-tax profit entries that do not reconcile directly with the reported tax and net-profit figures reproduced in the filing. The cash-flow statement displays profit before tax from continuing operations of Rs 13.40 crore, while reported net profit is Rs 9.35 crore and total tax in the profit-and-loss statement is Rs 1.05 crore. The filing does not explain this difference.

What changed on Fascinate Textiles' balance sheet?

Fascinate Textiles' total assets increased to Rs 132.10 crore at September 30, 2026, from Rs 92.75 crore at March 31, 2026. Current assets rose to Rs 119.03 crore from Rs 87.14 crore, while non-current assets increased to Rs 13.06 crore from Rs 5.61 crore.

Inventories rose to Rs 57.83 crore from Rs 48.13 crore during the half year, and trade receivables increased to Rs 39.26 crore from Rs 35.28 crore. Cash and bank balances rose from Rs 81.59 lakh at March 31, 2026 to Rs 12.68 crore at September 30, 2026, while short-term loans and advances reached Rs 9.26 crore from Rs 2.91 crore.

Shareholders’ funds increased to Rs 87.54 crore from Rs 31.46 crore, comprising share capital of Rs 13.76 crore and reserves and surplus of Rs 73.78 crore. Current liabilities declined to Rs 36.16 crore from Rs 55.22 crore, as short-term borrowings fell to Rs 7.79 crore from Rs 20.00 crore. Long-term borrowings rose to Rs 8.20 crore from Rs 6.02 crore.

Why did Fascinate Textiles use cash in operations?

Fascinate Textiles used Rs 15.18 crore in operating activities for the half year ended September 30, 2026. The cash-flow statement records Rs 6.70 crore absorbed by inventory growth, Rs 3.99 crore by trade receivables and Rs 6.35 crore by short-term loans and advances.

A Rs 3.61 crore reduction in trade payables and a Rs 90.83 lakh reduction in other current liabilities also affected operating cash flow. Direct taxes paid were Rs 6.23 crore, compared with Rs 2.08 crore for the year ended March 31, 2026. These working-capital and tax movements meant operating cash flow differed from the reported Rs 9.35 crore net profit.

Investing activities used Rs 7.78 crore, including Rs 6.98 crore classified as an increase in other non-current assets and Rs 50.26 lakh for fixed assets, intangible assets, capital work in progress and capital advances. Financing activities generated Rs 34.83 crore, led by Rs 43.26 crore of securities-premium proceeds and Rs 3.46 crore of share-issue proceeds.

The financing cash flow also included a Rs 12.21 crore repayment of short-term borrowings, Rs 2.18 crore of proceeds from long-term borrowings and Rs 1.86 crore of interest and finance charges. Net cash and cash equivalents consequently increased by Rs 11.86 crore to Rs 12.68 crore at September 30, 2026.

Conclusion

Fascinate Textiles recorded higher revenue and net profit in the half year ended September 30, 2026, with revenue rising 44% to Rs 77.25 crore and net profit increasing 52% to Rs 9.35 crore. The balance sheet expanded by Rs 39.35 crore from March 31, 2026, but inventory, receivables and advances increased alongside the growth and operating activities used Rs 15.18 crore of cash.

The next disclosed matter to watch is deployment of initial public offering proceeds. At September 30, 2026, Rs 17.58 crore of the Rs 52.21 crore issue proceeds remained unutilised, including Rs 12.35 crore earmarked for capital expenditure, Rs 3.56 crore for general corporate purposes and Rs 1.49 crore for loan prepayment or repayment.