RRIL Limited borrowings reach Rs 151.2071 crore in September

RRIL Limited reported consolidated borrowings of Rs 151.2071 crore at September 30, 2026, compared with Rs 34.3047 crore at March 31, 2026, after increasing its holding in Sumati Spintex Private Limited to 75% on July 22, 2026. Non-current borrowings were Rs 93.9625 crore and current borrowings were Rs 57.2446 crore.

How much did RRIL’s consolidated borrowings increase?

RRIL’s consolidated borrowings increased by Rs 116.9024 crore between March 31, 2026 and September 30, 2026. The increase reflects a rise in both non-current borrowings, which are not classified as current liabilities, and current borrowings in the unaudited consolidated balance sheet.

Non-current borrowings accounted for Rs 78.1542 crore of the Rs 116.9024 crore increase over the six-month period. Current borrowings added Rs 38.7482 crore, meaning the reported movement was split between borrowings classified by RRIL as longer-term and those classified as current at September 30, 2026.

The filing does not identify lenders, borrowing rates, security, repayment dates or the use of the additional funding. It therefore reports the balance-sheet change between March 31 and September 30, but does not separately quantify debt raised by RRIL from debt brought into the consolidated accounts through the newly consolidated subsidiary.

Why are RRIL’s September and March borrowing figures not directly comparable?

RRIL acquired an additional 25% equity interest in Sumati Spintex Private Limited on July 22, 2026, raising its holding to 75% and making the business a subsidiary. The company states that Sumati Spintex’s previous-quarter and previous-year figures were not included in the consolidated financial results.

That change in consolidation scope affects comparisons with the March 31, 2026 balance sheet, because the September 30, 2026 consolidated figures include the subsidiary while the earlier comparative figures did not. The filing supports the timing of the ownership change and the increase in consolidated borrowings, but does not state how much of the Rs 151.2071 crore balance belongs to Sumati Spintex.

RRIL reported a non-controlling interest of Rs 2.0684 crore at September 30, 2026, whereas no corresponding balance is displayed at March 31. This follows the 75% ownership position in Sumati Spintex, while total equity including non-controlling interest rose to Rs 121.7224 crore from Rs 113.9596 crore.

The auditor’s report refers to two subsidiaries for the half year ended September 30, 2026, although it does not name them in that section. One subsidiary reviewed by its independent auditor recorded revenue of Rs 65.7329 crore and profit after tax of Rs 4.1974 crore, while another subsidiary’s management-furnished unaudited information showed revenue of Rs 85.8127 crore and profit after tax of Rs 6.3283 crore.

How did RRIL’s finance costs and profit change?

RRIL reported finance costs of Rs 4.6646 crore for the half year ended September 30, 2026, up from Rs 1.0391 crore in the corresponding half year ended September 30, 2025. The Rs 3.6255 crore increase occurred in the same reporting period as the higher consolidated borrowing balance, although the filing does not allocate finance costs to individual facilities or entities.

Revenue from operations was Rs 147.133 crore in the six months ended September 30, 2026, compared with Rs 67.2362 crore a year earlier. The company says Sumati Spintex’s prior-period figures were not included, so the year-on-year revenue comparison is not on the same consolidation basis.

Profit before tax rose to Rs 13.576 crore from Rs 5.6784 crore in the corresponding six months, while net profit for the period increased to Rs 10.9732 crore from Rs 3.9863 crore. For the quarter ended September 30, 2026, RRIL reported revenue from operations of Rs 117.6413 crore, finance costs of Rs 4.0635 crore and net profit of Rs 9.2143 crore.

The September-quarter net profit of Rs 9.2143 crore compares with Rs 2.5368 crore in the quarter ended September 30, 2025. As with the half-year comparison, RRIL’s disclosure that Sumati Spintex was not included in earlier periods means the change cannot be treated as a like-for-like measure of the pre-acquisition business alone.

What does RRIL’s September balance sheet show?

RRIL’s total assets were Rs 286.9565 crore at September 30, 2026, compared with Rs 154.1871 crore at March 31, 2026. Non-current assets were Rs 184.5903 crore and current assets were Rs 102.3662 crore at the September reporting date, making non-current assets the larger category.

Inventories increased to Rs 46.2796 crore at September 30 from Rs 17.0659 crore at March 31. Other current assets rose to Rs 13.7234 crore from Rs 3.3772 crore, while cash and cash equivalents stood at Rs 1.871 crore at the September date.

The Rs 57.2446 crore current-borrowing balance was accompanied by trade payables of Rs 10.4833 crore and other current liabilities of Rs 6.8226 crore at September 30. At March 31, trade payables were Rs 2.1961 crore and other current liabilities were Rs 7.4574 crore, showing that the composition of current liabilities changed alongside the borrowing increase.

RRIL’s equity share capital was unchanged at Rs 60.6071 crore at both September 30 and March 31. Other equity increased to Rs 59.0469 crore from Rs 53.3525 crore, and total equity before non-controlling interest was Rs 119.654 crore at September 30, 2026.

Conclusion

RRIL’s September 2026 consolidated accounts show borrowings of Rs 151.2071 crore, up Rs 116.9024 crore from March 31, with both current and non-current categories increasing. The higher balance was reported after Sumati Spintex became a 75%-owned subsidiary, while half-year finance costs rose to Rs 4.6646 crore and revenue from operations reached Rs 147.133 crore.

The main unresolved matter is the composition of the additional borrowings, because RRIL did not disclose lender-level balances, interest rates, security, repayment schedules or the subsidiary’s individual debt. Subsequent consolidated disclosures can show whether the Rs 57.2446 crore current-borrowing component changes and whether finance costs remain elevated after the July 22, 2026 consolidation event.