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Suryavanshi Spinning posts ₹18.35 lakh Q1FY27 profit after ₹60.62 lakh loss a year earlier

AI Market Summary
Suryavanshi Spinning reported a return to profit in Q1FY27 on a 93% YoY revenue jump, indicating improved operating efficiency in continuing segments, while discontinued spinning operations still generated losses. However, the balance sheet remains stressed with large accumulated losses and current liabilities exceeding current assets, and auditors issued a qualified conclusion over unprovided interest on unpaid TDS dues. Promoter stake increase to 47.26% tightens control.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.87%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Suryavanshi Spinning returned to profit in Q1FY27, reporting net profit of ₹18.35 lakh versus a net loss of ₹60.62 lakh in the year-ago quarter. Operating revenue jumped 93% year on year to ₹217.36 lakh, supported by efficiency gains in its continuing business. Profit before tax from continuing operations was ₹34.26 lakh, compared with a loss of ₹20.75 lakh a year earlier. Total expenses rose 18% to ₹185.35 lakh, and on June 29, 2026, Agarwal increased his voting-capital stake to 47.26%.
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