Shree Balaji (Mala) Textiles Limited posts ₹3.06 crore H1 profit

Shree Balaji (Mala) Textiles Limited reported unaudited profit of ₹3.06 crore for the half year ended September 30, 2026, on operating revenue of ₹97.67 crore, in results approved after its equity shares listed on the BSE SME platform on July 29, 2026.

What did Shree Balaji (Mala) Textiles report for the half year?

Shree Balaji (Mala) Textiles reported total income of ₹98.87 crore and profit before tax of ₹4.11 crore for the half year ended September 30, 2026. Revenue from operations accounted for ₹97.67 crore of total income, while other income contributed ₹1.21 crore. After current tax of ₹1.05 crore and a deferred-tax credit of ₹45,000, profit for the period was ₹3.06 crore.

The filing provides an audited full-year comparator rather than a corresponding half-year figure. For the year ended March 31, 2026, Shree Balaji (Mala) Textiles reported operating revenue of ₹211.97 crore, total income of ₹212.40 crore and profit for the period of ₹5.78 crore. As the current disclosure covers six months and the comparator covers 12 months, the filing does not provide a like-for-like half-year growth comparison.

Shree Balaji (Mala) Textiles reported basic and diluted earnings per share of ₹3.76 for the September 2026 half year, calculated using weighted-average share capital received during the period. The audited figure for the year ended March 2026 was ₹8.02 per share. The company stated that it operates in one business segment, so segment disclosure was not applicable.

How did expenses affect Shree Balaji (Mala) Textiles' half-year earnings?

Shree Balaji (Mala) Textiles recorded total expenses of ₹94.76 crore in the six months ended September 2026, against total income of ₹98.87 crore. Cost of materials consumed was the largest disclosed expense at ₹56.68 crore, followed by other expenses of ₹32.54 crore and finance cost of ₹3.03 crore. These three lines totalled ₹92.25 crore before the effect of other reported expense items.

Changes in inventories of finished goods and work in progress reduced expenses by ₹5.03 crore during the half year, as shown by the negative charge in the profit and loss statement. Purchases of stock-in-trade were ₹6.33 crore, employee benefit expenses were ₹1.05 crore, and depreciation and amortisation expense was ₹16.49 lakh. For the year ended March 2026, materials consumed were ₹103.43 crore and other expenses were ₹79.67 crore.

Finance cost was ₹3.03 crore for the half year ended September 30, 2026, compared with ₹7.42 crore for the full year ended March 31, 2026. The absence of a corresponding six-month figure means the filing does not establish a year-on-year movement in borrowing costs. It does show short-term borrowings of ₹64.88 crore at September 30, 2026.

What changed in Shree Balaji (Mala) Textiles' balance sheet?

Shree Balaji (Mala) Textiles' total assets increased to ₹164.84 crore at September 30, 2026 from ₹148.64 crore at March 31, 2026. Trade receivables rose to ₹111.74 crore from ₹104.27 crore, and inventories increased to ₹35.54 crore from ₹28.82 crore. Cash and cash equivalents declined to ₹1.77 crore from ₹5.84 crore during the same period.

Shareholders' funds increased to ₹47.65 crore at September 30 from ₹27.35 crore at March 31. Share capital rose to ₹9.91 crore from ₹7.21 crore, while reserves and surplus increased to ₹37.74 crore from ₹20.14 crore. The filing says the company completed an issue of 27 lakh fresh equity shares and listed its shares on the BSE SME platform on July 29, 2026.

Borrowing composition changed between the two reporting dates. Long-term borrowings increased to ₹11.76 crore from ₹26.30 lakh, while short-term borrowings declined to ₹64.88 crore from ₹69.06 crore. Trade payables to creditors other than micro and small enterprises decreased to ₹23.23 crore from ₹33.84 crore, whereas dues to micro and small enterprises rose to ₹82.44 lakh from ₹37.69 lakh.

How did Shree Balaji (Mala) Textiles use its IPO proceeds?

Shree Balaji (Mala) Textiles raised ₹18.90 crore through its public issue on July 29, 2026, including ₹1.91 crore earmarked for issue-related expenses. Its utilisation statement for the half year ended September 30 said there was no deviation or variation in the use of funds. The filing also stated that a monitoring agency was not applicable to the issue.

The initial public offering (IPO) allocated ₹16.50 crore to working-capital requirements, and Shree Balaji (Mala) Textiles reported that the full amount had been utilised by September 30. It allocated ₹49.37 lakh to general corporate purposes and had used ₹8.64 lakh. Of ₹1.91 crore earmarked for issue-related expenses, ₹1.78 crore had been used.

Total reported IPO utilisation was ₹18.37 crore against the ₹18.90 crore raised. The board approved the unaudited results on November 12, 2026 after audit committee review. D Banka & Co. carried out a limited review and stated that nothing had come to its attention indicating that the results had not disclosed the information required under the applicable listing regulation; its report stated that a limited review is not an audit.

Conclusion

Shree Balaji (Mala) Textiles' results for the half year ended September 30, 2026 show ₹97.67 crore in operating revenue and ₹3.06 crore in profit for the period. Total assets increased by ₹16.20 crore from March 31, led by higher receivables and inventory, while cash and cash equivalents decreased by ₹4.07 crore.

The next disclosed matter to watch is the use of the remaining IPO allocations after September 30, 2026. Shree Balaji (Mala) Textiles had fully used the ₹16.50 crore working-capital allocation, but had used ₹8.64 lakh of the ₹49.37 lakh general-corporate-purpose allocation and ₹1.78 crore of the ₹1.91 crore set aside for issue expenses.