Parmeshwari Silk Mills September profit rises 26% on revenue

Parmeshwari Silk Mills Limited reported consolidated net profit of Rs 2.1521 crore for the quarter ended September 30, 2026, a 26.5% increase from Rs 1.7013 crore a year earlier, as revenue from operations rose 20.1% to Rs 58.5654 crore. Revenue and profit, however, were lower than in the preceding June 2026 quarter.

How did Parmeshwari Silk Mills perform in the September 2026 quarter?

Parmeshwari Silk Mills increased both revenue and net profit from the year-earlier quarter ended September 30, 2025. Revenue from operations rose by Rs 9.7838 crore to Rs 58.5654 crore, while total income, including Rs 12.53 lakh of other income, reached Rs 58.6907 crore compared with Rs 48.8200 crore a year earlier. The company reported a single business segment, so the filing provides no product or business-line revenue split.

Net profit after tax increased by Rs 45.08 lakh to Rs 2.1521 crore from Rs 1.7013 crore. Profit before tax rose to Rs 2.8465 crore from Rs 2.1799 crore, while tax expense increased to Rs 69.44 lakh from Rs 47.86 lakh. Basic and diluted earnings per share were Rs 7.17, compared with Rs 5.67, on paid-up equity capital of Rs 3.0011 crore.

What drove Parmeshwari Silk Mills’ year-on-year profit movement?

Parmeshwari Silk Mills reported total expenses of Rs 55.8245 crore in the September 2026 quarter, compared with Rs 46.5563 crore a year earlier. Cost of materials consumed increased to Rs 37.0259 crore from Rs 33.0924 crore, employee-benefit expense rose to Rs 10.2012 crore from Rs 8.6326 crore, and other expenses increased to Rs 27.5225 crore from Rs 21.8065 crore.

The inventory-change line was negative Rs 23.0187 crore, compared with negative Rs 20.3773 crore in the prior-year quarter. Finance costs increased to Rs 2.4080 crore from Rs 1.9161 crore, and depreciation and amortisation rose to Rs 1.6856 crore from Rs 1.2360 crore. These movements resulted in profit before exceptional items and tax of Rs 2.8662 crore, up from Rs 2.2637 crore.

Parmeshwari Silk Mills reported exceptional items of Rs 1.97 lakh for the September 2026 quarter, compared with Rs 8.38 lakh a year earlier. The difference between profit before exceptional items and tax and reported profit before tax was therefore Rs 1.97 lakh in the latest quarter. The filing records no share of profit or loss from associates or joint ventures, no minority-interest charge and no profit from discontinued operations.

How did Parmeshwari Silk Mills compare with the June 2026 quarter?

Parmeshwari Silk Mills recorded lower revenue and net profit than in the quarter ended June 30, 2026. Revenue from operations declined by Rs 2.8958 crore, or 4.7%, from Rs 61.4612 crore in June to Rs 58.5654 crore in September. Total income decreased by Rs 2.8324 crore from Rs 61.5231 crore to Rs 58.6907 crore over the same comparison.

Net profit after tax declined by Rs 33.31 lakh, or 13.4%, from Rs 2.4852 crore in the June quarter to Rs 2.1521 crore in the September quarter. Profit before tax decreased from Rs 3.2721 crore to Rs 2.8465 crore, while earnings per share declined from Rs 8.28 to Rs 7.17. Current tax expense fell to Rs 60.89 lakh from Rs 73.51 lakh, while deferred tax expense increased to Rs 8.55 lakh from Rs 5.18 lakh.

The quarterly expense mix also shifted. Materials consumed fell to Rs 37.0259 crore from Rs 40.6003 crore, but employee-benefit expense rose to Rs 10.2012 crore from Rs 9.1663 crore and finance costs increased to Rs 2.4080 crore from Rs 2.0494 crore. The inventory-change line was negative Rs 23.0187 crore in September, against negative Rs 21.4602 crore in June.

What do Parmeshwari Silk Mills’ first-half results show?

Parmeshwari Silk Mills reported consolidated net profit of Rs 4.6373 crore for the half year ended September 30, 2026, up 10.3% from Rs 4.2049 crore in the corresponding half year ended September 30, 2025. Revenue from operations increased 8.1% to Rs 120.0266 crore from Rs 111.0575 crore, while total income rose to Rs 120.2138 crore from Rs 111.1560 crore.

Profit before tax for the six-month period was Rs 6.1186 crore, compared with Rs 5.4607 crore a year earlier. Tax expense totalled Rs 1.4813 crore, including current tax of Rs 1.3440 crore and deferred tax of Rs 13.73 lakh, compared with total tax expense of Rs 1.2558 crore in the prior-year period. Basic and diluted earnings per share were Rs 15.45, compared with Rs 14.01.

Materials consumed during the first half rose to Rs 77.6262 crore from Rs 55.6674 crore, while other expenses increased to Rs 53.9805 crore from Rs 45.5358 crore. Finance costs rose to Rs 4.4574 crore from Rs 4.0451 crore and depreciation and amortisation increased to Rs 3.1306 crore from Rs 2.4615 crore. The inventory-change line was negative Rs 44.4789 crore, compared with negative Rs 20.1549 crore in the corresponding six months.

What changed in Parmeshwari Silk Mills’ balance sheet and review?

Parmeshwari Silk Mills’ consolidated total assets were Rs 326.6119 crore at September 30, 2026, compared with Rs 257.8193 crore at March 31, 2026. Inventories increased to Rs 138.3647 crore from Rs 90.3571 crore, trade receivables rose to Rs 87.6932 crore from Rs 80.4993 crore, and property, plant and equipment increased to Rs 78.2235 crore from Rs 67.9212 crore.

Non-current borrowings increased to Rs 71.3281 crore from Rs 49.8060 crore, while current borrowings declined to Rs 81.1601 crore from Rs 87.5714 crore. Trade payables rose to Rs 89.4804 crore from Rs 41.4651 crore, and other equity increased to Rs 66.1098 crore from Rs 61.4728 crore. Total current liabilities were Rs 176.7346 crore at September 30, compared with Rs 136.4109 crore at March 31.

The audit committee reviewed and the board approved the results on November 12, 2026. Montek S & Associates issued a limited-review conclusion without modification, but drew attention to closing inventory at September 30, 2026 being based on a management-certified stock statement rather than physical verification by the reviewer. The consolidated results include Harappa Textile Mills Private Limited.

Conclusion

Parmeshwari Silk Mills converted a Rs 9.7838 crore year-on-year increase in September-quarter revenue into a Rs 45.08 lakh increase in consolidated profit after tax. The half-year comparison also remained positive, with revenue from operations up Rs 8.9691 crore and net profit up Rs 43.24 lakh from the corresponding period of 2025.

The next result will show whether the sequential declines from the June 2026 quarter reverse and how the September balance-sheet changes develop, particularly inventory of Rs 138.3647 crore and trade payables of Rs 89.4804 crore. The unresolved review matter is the auditor’s reliance on management-certified closing inventory, without physical verification, at September 30, 2026.