Super Spinning Mills Limited September-quarter profit rises 31%

Super Spinning Mills Limited reported profit of Rs 33.79 lakh for the quarter ended September 30, 2026, up 31% from Rs 25.74 lakh a year earlier, despite rental-services revenue declining 7% to Rs 1.47 crore. The increase reflected a lower loss from discontinued textile operations, while profit from continuing operations declined.

Why did Super Spinning Mills' September-quarter profit rise?

Super Spinning Mills' reported profit rose because its discontinued textile operation moved from an after-tax loss of Rs 23.80 lakh in the September 2025 quarter to an after-tax profit of Rs 5,000 in the September 2026 quarter. The company had disclosed the discontinuation of textile operations to exchanges on August 31, 2023.

The discontinued operation recorded Rs 5.86 lakh of reversal of provision for expected credit losses in the September 2026 quarter. That reversal exceeded discontinued-operation expenses of Rs 5.74 lakh, including Rs 3 lakh of power and fuel costs and Rs 2.74 lakh of other expenses, resulting in a pre-tax profit of Rs 12,000.

This improvement offset a decline in continuing-operations profit after tax, which fell to Rs 33.74 lakh from Rs 49.54 lakh in the prior-year quarter. Total comprehensive income was Rs 33.80 lakh, compared with Rs 25.74 lakh a year earlier, after Rs 1,000 of remeasurement of post-employment benefit obligations.

How did Super Spinning Mills' rental revenue and operating result change?

Super Spinning Mills' rental-services revenue fell to Rs 1.47 crore in the quarter ended September 30, 2026, from Rs 1.59 crore a year earlier and Rs 1.50 crore in the preceding June 2026 quarter. Rental services supplied all continuing operating revenue because textiles reported no continuing revenue following its classification as a discontinued operation.

The rental-services segment result before finance costs and tax declined to Rs 80.77 lakh from Rs 1.03 crore in the September 2025 quarter. Finance costs reduced to Rs 25.53 lakh from Rs 36.15 lakh, but profit before tax from continuing operations still declined to Rs 55.24 lakh from Rs 66.94 lakh.

Total income, including other income, decreased to Rs 1.56 crore from Rs 1.79 crore, while total expenses fell to Rs 1.01 crore from Rs 1.12 crore. Depreciation and amortisation increased to Rs 33.42 lakh from Rs 29.47 lakh, and employee-benefit expense rose to Rs 8.50 lakh from Rs 8.10 lakh, partly offsetting the lower finance cost.

What do Super Spinning Mills' half-year results show?

Super Spinning Mills reported first-half profit of Rs 89.68 lakh for the six months ended September 30, 2026, compared with Rs 20.55 lakh in the prior-year half, as the discontinued textile loss after tax narrowed to Rs 3.38 lakh from Rs 65.14 lakh. Profit from continuing operations increased to Rs 93.06 lakh from Rs 85.69 lakh.

Continuing revenue for the half year declined to Rs 2.96 crore from Rs 3.09 crore. The rental-services segment result before finance costs and tax fell to Rs 1.63 crore from Rs 1.90 crore, while finance costs reduced to Rs 51.78 lakh from Rs 74.56 lakh.

Continuing profit before tax was Rs 1.11 crore in the first half, compared with Rs 1.16 crore a year earlier, and tax expense reduced to Rs 18.10 lakh from Rs 30.11 lakh. Other income for continuing operations was Rs 17.66 lakh in the half year, comprising interest income, compared with total other income of Rs 29.64 lakh in the corresponding period.

Operating cash flow after income taxes was Rs 2.27 crore in the first half, up from Rs 1.90 crore a year earlier. Financing activities used Rs 1.67 crore, including repayment of Rs 1.15 crore of long-term borrowings and Rs 51.94 lakh of finance costs, leaving cash and cash equivalents of Rs 2.26 crore at September 30, 2026.

What changed in Super Spinning Mills' balance sheet and plans?

Super Spinning Mills' total assets were Rs 90.20 crore at September 30, 2026, compared with Rs 89.84 crore at March 31, 2026, while equity rose to Rs 50.29 crore from Rs 49.39 crore. Investment property represented Rs 78.45 crore of assets, and capital work in progress stood at Rs 6.11 lakh.

Long-term borrowings declined to Rs 9.03 crore from Rs 10.18 crore over the six months, while current borrowings were broadly unchanged at Rs 2.35 crore. Lease rent receivable fell to Rs 97.08 lakh from Rs 1.09 crore, and total liabilities, including discontinued-operation liabilities, were Rs 39.91 crore against Rs 40.45 crore at the preceding year-end.

On November 5, 2026, the board authorised management to approach banking institutions and lenders for loans of up to Rs 13 crore and an overdraft facility against existing fixed deposits of up to Rs 4.50 crore. The proposed facilities are for constructing a new facility in Hindupur, Sri Sathya Sai district, Andhra Pradesh, but the filing says lenders, terms, allocations and security structures have not been finalised.

The company also has a joint development agreement for land at Puliakulam, Coimbatore, classified as investment property under Indian Accounting Standard 40. As of September 30, 2026, it retained physical possession of the property, no demolition or construction had commenced, and no gain or loss had been recognised on the proposed land transfer.

Conclusion

Super Spinning Mills' September-quarter profit increase primarily reflected the discontinued textile operation improving from a Rs 23.80 lakh after-tax loss to a Rs 5,000 profit. Its continuing rental business moved in the opposite direction, with revenue declining from Rs 1.59 crore to Rs 1.47 crore and continuing-operations profit after tax falling from Rs 49.54 lakh to Rs 33.74 lakh.

The next disclosed item to watch is the proposed funding of up to Rs 13 crore in loans and a Rs 4.50 crore overdraft for the Hindupur facility, for which sanction letters and definitive agreements remain pending. The Puliakulam joint development is also unresolved operationally, as no demolition or construction had started by September 30, 2026.