Seasons Textiles September profit rises, half-year earnings fall

Seasons Textiles Limited reported standalone profit after tax of Rs 3.96 lakh for the quarter ended 30 September 2026, up from Rs 2.73 lakh a year earlier, but half-year profit declined to Rs 17.12 lakh from Rs 20.13 lakh as total income fell to Rs 11.65 crore.

How did Seasons Textiles perform in the September 2026 quarter?

Seasons Textiles earned Rs 3.96 lakh after tax in the quarter ended 30 September 2026, compared with Rs 2.73 lakh in the corresponding quarter ended 30 September 2025. The year-on-year increase was Rs 1.23 lakh, although profit was below the Rs 13.16 lakh reported in the preceding quarter ended 30 June 2026. Basic and diluted earnings per share were Rs 0.05, versus Rs 0.04 a year earlier and Rs 0.18 in the June quarter.

Total income was Rs 5.87 crore in the September 2026 quarter, down from Rs 6.75 crore in the September 2025 quarter but above Rs 5.79 crore in the June 2026 quarter. Revenue from operations amounted to Rs 5.84 crore, while other income was Rs 2.96 lakh. Profit before tax was Rs 3.63 lakh, compared with Rs 2.88 lakh a year earlier, and the statement recorded a Rs 0.33 lakh current-tax credit for the latest quarter.

The quarterly movement shows income increased by Rs 7.89 lakh from the June 2026 quarter, but profit after tax decreased by Rs 9.20 lakh over the same period. Revenue from operations also remained Rs 86.85 lakh below the level reported in the September 2025 quarter. Seasons Textiles operates in one reportable operating segment, Home Furnishings Fabrics, under Indian Accounting Standards (Ind AS) 108, so the filing provides no separate product or geographic revenue split.

Why did Seasons Textiles' half-year profit decline?

Seasons Textiles reported profit after tax of Rs 17.12 lakh for the half year ended 30 September 2026, down Rs 3.01 lakh from Rs 20.13 lakh in the corresponding six months of 2025. Half-year basic and diluted earnings per share were Rs 0.23, compared with Rs 0.27 a year earlier. There was no profit or loss from discontinued operations in either half-year period.

The decline in reported profit came despite profit before tax increasing to Rs 7.58 lakh from Rs 7.36 lakh. The filing records a tax credit of Rs 9.54 lakh for the six months ended 30 September 2026, compared with a Rs 12.77 lakh credit in the previous corresponding period. That lower tax credit coincided with the reduction in profit after tax.

Total income declined to Rs 11.65 crore in the latest half year from Rs 14.46 crore a year earlier. Revenue from operations fell to Rs 11.59 crore from Rs 14.40 crore, while other income rose to Rs 6.09 lakh from Rs 5.30 lakh. Purchases of stock-in-trade decreased to Rs 2.20 crore from Rs 5.06 crore, whereas finance costs rose to Rs 2.78 crore from Rs 2.68 crore and depreciation and amortisation increased to Rs 1.54 crore from Rs 1.01 crore.

What changed in Seasons Textiles' balance sheet?

Seasons Textiles had total assets of Rs 59.84 crore at 30 September 2026, compared with Rs 58.20 crore at 30 September 2025. Current assets increased to Rs 24.41 crore from Rs 22.08 crore, while non-current assets decreased to Rs 35.43 crore from Rs 36.12 crore. Property, plant and equipment declined to Rs 33.65 crore from Rs 34.47 crore over the year.

Inventories rose to Rs 13.54 crore at 30 September 2026 from Rs 11.69 crore a year earlier, an increase of Rs 1.85 crore. Trade receivables increased by Rs 9.39 lakh to Rs 6.28 crore, while cash and cash equivalents rose to Rs 1.60 crore from Rs 84.29 lakh. Other current financial assets fell to Rs 1.93 crore from Rs 2.14 crore.

Current borrowings increased to Rs 10.82 crore from Rs 9.44 crore, while non-current borrowings edged down to Rs 9.76 crore from Rs 9.79 crore. Total equity rose to Rs 35.26 crore from Rs 34.98 crore, with equity share capital unchanged at Rs 7.49 crore. Trade payables fell to Rs 1.23 crore from Rs 1.27 crore, while other current liabilities increased to Rs 71.65 lakh from Rs 58.66 lakh.

What does Seasons Textiles' cash-flow statement show?

Seasons Textiles recorded net cash used in operating activities of Rs 44.15 lakh for the period from 1 April 2026 to 30 September 2026. The cash-flow statement identifies a Rs 95.24 lakh increase in inventories and a Rs 24.19 lakh increase in trade receivables as working-capital movements. Those movements occurred during the same six months in which reported profit before tax was Rs 7.58 lakh.

Net cash used in investing activities was Rs 14.96 lakh in the six-month period, and net cash from financing activities was Rs 55.49 lakh. The filing reports borrowings proceeds of Rs 1.69 crore and repayments of Rs 1.13 crore. It also records Rs 16.40 lakh related to purchase of property, plant and equipment and Rs 1.15 lakh of dividends received.

Cash and cash equivalents decreased by Rs 3.62 lakh during the period, to Rs 1.60 crore at 30 September 2026 from Rs 1.64 crore at its beginning. The cash-flow statement therefore differs from the year-on-year balance-sheet comparison, under which cash rose from Rs 84.29 lakh at 30 September 2025. The two comparisons cover different starting dates and measure different periods.

What did Seasons Textiles' board and auditor report?

Seasons Textiles' board approved the unaudited standalone financial results on 13 November 2026 after review by its Audit Committee. The board meeting began at 12:30 p.m. and concluded at 2:45 p.m. on that date. The company stated that the results were prepared under Ind AS and that comparative figures were regrouped where necessary for comparability.

Bhatia and Bhatia, the statutory auditor, issued its limited review report dated 13 November 2026 for the quarter and half year ended 30 September 2026. The auditor said it had performed the review under Standard on Review Engagements 2410 and stated that nothing had come to its attention indicating a material misstatement in the results. The report also says a limited review provides moderate assurance and is substantially narrower in scope than an audit.

The financial results show paid-up equity share capital of Rs 7.49 crore, based on equity shares with a face value of Rs 10 each. Seasons Textiles reported total comprehensive income of Rs 17.12 lakh for the half year, the same as profit after tax because the filing showed no other comprehensive income for that period. The prior financial year ended 31 March 2026 with profit after tax of Rs 16.55 lakh.

Conclusion

Seasons Textiles delivered a higher year-on-year September-quarter profit of Rs 3.96 lakh, but its first-half profit declined to Rs 17.12 lakh as income fell by Rs 2.81 crore from the prior-year period. The balance sheet also recorded a Rs 1.85 crore increase in inventories and a Rs 1.38 crore increase in current borrowings, alongside operating cash outflow of Rs 44.15 lakh for the six months.

The filing does not disclose a financial target, expansion plan or date for the next results announcement. The next disclosure will therefore be relevant for whether revenue in the Home Furnishings Fabrics segment, inventory of Rs 13.54 crore, current borrowings of Rs 10.82 crore and operating cash flow change after 30 September 2026.