Ruby Mills profit hits Rs 50.84 crore on property sale

The Ruby Mills Limited reported profit of Rs 50.84 crore for the quarter ended September 30, 2026, after recording a Rs 77.94 crore profit on sale of property in its real-estate business. The disclosed gain was included in other income and the real-estate segment result, while profit in the textile segment declined.

What drove Ruby Mills’ September-quarter profit increase?

Ruby Mills’ September-quarter earnings increase was principally driven by the Rs 77.94 crore profit on sale of property. The company said the sale related to its real-estate business and that the gain was included in other income and in the real-estate segment result for both the quarter and half year ended September 30, 2026.

Profit for the period rose to Rs 50.84 crore in the September 2026 quarter from Rs 11.82 crore in the preceding June 2026 quarter and Rs 10.99 crore in the September 2025 quarter. Profit before tax reached Rs 69.64 crore, compared with Rs 16.32 crore sequentially and Rs 14.40 crore a year earlier. The property-sale gain exceeded reported pre-tax profit because the income statement also reflected expenses, finance costs, tax and other items.

Revenue from operations increased to Rs 104.96 crore in the September quarter, from Rs 91.48 crore in June 2026 and Rs 85.64 crore in September 2025. Total income, however, rose more sharply to Rs 187.80 crore from Rs 105.05 crore sequentially, reflecting the contribution of other income that included the property-sale profit.

How did Ruby Mills’ textile and real-estate businesses perform?

Ruby Mills’ real-estate and related revenue rose to Rs 34.26 crore in the September 2026 quarter from Rs 10.78 crore a year earlier, while textile revenue declined to Rs 70.70 crore from Rs 74.86 crore. Compared with the June 2026 quarter, real-estate revenue was broadly stable at Rs 34.26 crore versus Rs 33.93 crore, while textile revenue rose from Rs 57.56 crore.

The real-estate and related segment reported profit before interest and tax of Rs 81.27 crore for the September quarter, compared with Rs 8.51 crore in June 2026 and Rs 89.84 crore a year earlier. Ruby Mills specifically said this segment result included the Rs 77.94 crore property-sale profit, distinguishing the reported segment result from recurring operating revenue alone.

Textile segment profit before interest and tax fell to Rs 64.71 lakh in the September 2026 quarter from Rs 198.55 lakh in June 2026 and Rs 810.24 lakh in the September 2025 quarter. Ruby Mills attributed the reduction largely to higher input costs. It said the increase in costs had been passed on to customers with effect from September 10, 2026.

For the half year ended September 30, 2026, revenue from operations was Rs 196.44 crore, against Rs 155.22 crore in the corresponding prior-year period. Real-estate and related revenue increased to Rs 68.19 crore from Rs 20.95 crore, whereas textile revenue declined to Rs 128.25 crore from Rs 134.27 crore. Half-year profit for the period was Rs 62.67 crore, compared with Rs 23.05 crore a year earlier.

What did Ruby Mills report on the property disposal and cash flow?

Ruby Mills reported Rs 113.67 crore of proceeds under disposal of property, plant and equipment or refund of capital advance in its half-year cash-flow statement. The statement also recorded a Rs 78.30 crore net gain on disposal of property, plant and equipment as an adjustment to profit before tax. These cash-flow disclosures are separately presented from the Rs 77.94 crore property-sale profit identified in the financial-results notes.

Net cash generated from operating activities was Rs 27.70 crore for the half year ended September 30, 2026, compared with net cash used of Rs 33.30 crore in the previous-year half year. Investing activities used Rs 83.88 crore, versus Rs 21.52 crore in the earlier period, while financing activities generated Rs 48.89 crore compared with Rs 60.93 crore previously.

Cash and cash equivalents stood at Rs 1.41 crore at September 30, 2026, down from Rs 8.71 crore at the beginning of the financial year. The company also reported Rs 257.64 crore of purchases of current and non-current investments during the half year, compared with Rs 217.55 crore in the prior-year period, and Rs 72.67 crore of investment sales.

Investment property was Rs 625.63 crore at September 30, 2026, compared with Rs 680.84 crore at March 31, 2026. Total assets increased to Rs 1,372.95 crore from Rs 1,215.52 crore over the same period, while total equity rose to Rs 728.88 crore from Rs 674.37 crore.

How did Ruby Mills’ borrowings and capital employed change?

Ruby Mills’ total liabilities were Rs 644.08 crore at September 30, 2026, compared with Rs 541.16 crore at March 31, 2026. Non-current borrowings increased to Rs 386.98 crore from Rs 332.79 crore, while current borrowings rose to Rs 61.21 crore from Rs 39.92 crore. Aggregate borrowings were therefore Rs 448.19 crore at the half-year date, versus Rs 372.71 crore at the financial year-end.

The half-year cash-flow statement showed borrowing proceeds of Rs 110.65 crore and repayments of Rs 35.17 crore. Finance costs were Rs 20.81 crore for the half year ended September 30, 2026, compared with Rs 1.73 crore in the corresponding prior-year period, according to the cash-flow statement.

Real-estate and related segment assets were Rs 760.09 crore at September 30, 2026, down from Rs 800.25 crore at March 31, 2026. Its capital employed was Rs 226.10 crore, compared with Rs 340.13 crore at the year-end. Textile capital employed was Rs 246.18 crore, little changed from Rs 246.19 crore at March 31, 2026.

Ruby Mills’ board approved the standalone results on November 12, 2026. The filing says the statutory auditors reviewed the September-quarter and half-year standalone results under Regulation 33 of the Securities and Exchange Board of India listing regulations and expressed an unmodified opinion. Ruby Mills also said it had no associate or joint-venture company at September 30, 2026.

Conclusion

Ruby Mills’ Rs 50.84 crore September-quarter profit reflected a Rs 77.94 crore property-sale gain within the real-estate business, alongside higher revenue from operations of Rs 104.96 crore. Real-estate and related revenue increased year on year, but textile revenue and segment profit declined as higher input costs affected that business.

The next reported period should show the effect of the textile price pass-through implemented from September 10, 2026. Further disclosures on property transactions, investment-property balances and borrowings will also matter after borrowings rose to Rs 448.19 crore at September 30, 2026.