Niwas Spinning Mills FY26 profit jumps, no dividend

Key takeaway from the FY26 board decision

Niwas Spinning Mills Ltd has confirmed that its Board of Directors has not recommended any dividend for the fiscal year ended March 31, 2026. The company also stated that no dividend was declared or paid during the year. The update came alongside the company’s audited standalone financial results for the quarter and year ended March 31, 2026. For investors, the dividend decision matters because it clarifies that the sharp rise in profit will not translate into a payout for FY26. It also signals that the board may be prioritising other uses of cash or accounting-led profitability, based on the composition of income in FY26. The company’s FY26 numbers show a significant jump in profitability compared with FY25. But the earnings profile is heavily influenced by “other income”, rather than operating revenue.

FY26 results: profit rises sharply year-on-year

For the financial year ended March 31, 2026, Niwas Spinning Mills reported net profit of ₹710.55 lakh. This is a sharp increase from ₹2.47 lakh reported in the previous year. Total revenue for FY26 stood at ₹838.14 lakh, compared with ₹20.36 lakh in FY25. The company’s revenue mix indicates that the rise was primarily driven by other income. Other income in FY26 was ₹772.22 lakh, against ₹20.36 lakh a year earlier. Revenue from operations for FY26 was ₹65.92 lakh, compared with nil in FY25.

What drove the revenue surge: other income dominates

The audited figures show that other income made up the bulk of total revenue in FY26. With other income at ₹772.22 lakh out of total revenue of ₹838.14 lakh, operating revenue was a smaller part of the topline. This matters because it affects how investors interpret sustainability of earnings and the role of core operations. The company’s results explicitly highlight that total revenue was “primarily driven by other income”. In FY25, the revenue base was much smaller, with total revenue of ₹20.36 lakh and no revenue from operations. FY26 therefore marks a major change in the reported scale of income, but largely outside operations.

Q4FY26 performance: strong profit on ₹772.86 lakh revenue

For the quarter ended March 31, 2026, Niwas Spinning Mills posted a net profit of ₹700.06 lakh. Total revenue for the quarter was ₹772.86 lakh. Revenue from operations in the quarter was ₹65.92 lakh, while other income contributed ₹706.94 lakh. In comparison, the company had reported net profit of ₹3.77 lakh for the quarter ended March 31, 2025. The quarter’s numbers, like the full year, show that other income was the dominant contributor to revenue.

Profit before tax and exceptional items

The company reported profit before exceptional items and tax of ₹778.88 lakh for FY26, up from ₹2.47 lakh in the previous year. Exceptional items for the year were ₹58.33 lakh. These disclosed line items are important because they provide additional context on how reported profit for the period was shaped. The presence of exceptional items indicates that certain gains or losses were treated separately from normal business performance. The company’s disclosure provides the scale of exceptional items but does not, in the provided information, detail their nature.

Board approval and SEBI compliance

The Board of Directors approved the audited financial results on May 30, 2026. The approval was stated to be pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board was led by Managing Director Vijay Jaju, as mentioned in the company’s update. Separately, the company had also informed the Bombay Stock Exchange that a Board meeting would be held on May 30, 2026 to consider and approve audited financial results for the quarter and year ended March 31, 2026. The meeting schedule and the subsequent approval date align with the timeline disclosed.

Auditor review: limited review completed

Statutory auditors ABNJ & Co. carried out a limited review of the financial results. The auditors confirmed that the financial statements give a true and fair view of the company’s state of affairs as at March 31, 2026. Such confirmations are a standard part of listed-company reporting and provide a formal check on the presentation of the results. The company’s statement indicates the review process was completed and reported along with the audited results.

Additional reported quarter: June 2026 profit with nil sales

In a separate update, Niwas Spinning Mills reported standalone net profit of ₹498 lakh in the quarter ended June 2026. This compared with a net loss of ₹4 lakh in the quarter ended June 2025. The same update noted that there were no sales reported in the June 2026 quarter and also no sales in the June 2025 quarter. The disclosure also reiterated that net profit in the quarter ended March 2026 was ₹700 lakh versus ₹4 lakh in the quarter ended March 2025, and that full-year net profit for the year ended March 2026 was ₹711 lakh versus ₹2 lakh in the year ended March 2025. These figures are consistent, in scale, with the audited profit numbers presented in lakh for FY26 and Q4FY26.

Summary table: FY26 vs FY25 (₹ in lakh)

Quarterly snapshot table: March and June quarters (₹ in lakh)

Market impact: what the mix of income implies

The FY26 outcome is defined by a steep rise in net profit and total revenue, with other income contributing the majority of reported revenue. For market participants, this composition helps explain why profitability rose sharply even though revenue from operations remained relatively modest at ₹65.92 lakh for the year. The company’s disclosure of no dividend for FY26 also shapes near-term investor expectations, as it removes the possibility of a payout linked to the reported profit jump. The confirmation that audited results were approved under SEBI regulations and reviewed by auditors provides procedural clarity for disclosures to the exchange.

Analysis: why FY26 stood out in the reported numbers

The main story in the FY26 financials is the scale change from FY25 to FY26 and the role of other income in that change. Total revenue rose from ₹20.36 lakh to ₹838.14 lakh, while net profit increased from ₹2.47 lakh to ₹710.55 lakh. The quarter ended March 31, 2026 showed a similar pattern, with other income forming a large share of revenue. Investors tracking operating trends typically separate operating revenue from non-operating income when assessing business momentum, and Niwas Spinning Mills’ figures provide both components. The presence of exceptional items of ₹58.33 lakh further underlines that FY26 profitability includes items outside routine operating performance.

Conclusion: audited FY26 numbers confirmed, dividend not recommended

Niwas Spinning Mills has reported a sharp rise in FY26 net profit to ₹710.55 lakh and total revenue of ₹838.14 lakh, largely supported by other income of ₹772.22 lakh. The Board approved the audited results on May 30, 2026 and confirmed compliance under SEBI listing regulations, with ABNJ & Co. completing a limited review. The company also confirmed that no dividend was declared or paid, and the board did not recommend a dividend for the year ended March 31, 2026. The next key points for investors will be subsequent quarterly disclosures and any further board communications on capital allocation or payouts.