Super Spinning Mills Limited (NSE:SUPERSPIN) disclosed its unaudited financial results for the quarter ended 30 June 2026 following a board meeting held on 6 August 2026. The company reported net sales of Rs 149.51 lakhs from continuing operations and a profit of Rs 55.89 lakhs for the period.
Key Highlights
- Net sales from continuing operations for Q1 FY27 stood at Rs 149.51 lakhs, compared with Rs 150.40 lakhs in Q1 FY26, reflecting a marginal year-on-year decline.
- Profit from continuing operations for the quarter was Rs 55.92 lakhs, up from Rs 48.86 lakhs in the corresponding quarter of the prior year.
- The discontinued textile segment recorded a loss of Rs 5.83 lakhs after tax in Q1 FY27, against a loss of Rs 41.34 lakhs in Q1 FY26, showing a significant narrowing.
- Basic and diluted earnings per share from continuing operations for Q1 FY27 were Rs 0.11 each, against a negative figure in the prior full year, based on a face value of Rs 1 per share.
About the Company
Super Spinning Mills Limited (NSE:SUPERSPIN) is a Coimbatore-headquartered company incorporated in 1962 under CIN L17111TZ1962PLC001200. Originally a textile manufacturer, the company discontinued its textile operations in August 2023 and now derives its continuing revenue entirely from rental services, with segment assets of Rs 8,974.30 lakhs as of 30 June 2026.
Announcement in Detail
The board meeting commenced at 11:00 AM and concluded at 1:30 PM on 6 August 2026. The board approved the unaudited financial results for the quarter ended 30 June 2026, along with a limited review report issued by the statutory auditors on the same date, in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.
Total income from continuing operations for Q1 FY27 was Rs 158.04 lakhs, including other income of Rs 8.53 lakhs, which comprised interest income. Total expenses from continuing operations were Rs 102.13 lakhs, yielding a profit before tax of Rs 55.92 lakhs. The rental services segment recorded a pre-tax, pre-finance profit of Rs 82.17 lakhs for the quarter. Total capital employed across continuing and discontinued segments was Rs 4,994.90 lakhs as of 30 June 2026.
Impact on Investors
Investors will note that the continuing operations segment delivered a profit of Rs 55.92 lakhs in Q1 FY27, an improvement over Rs 48.86 lakhs in Q1 FY26, suggesting the rental services business maintained positive momentum. The filing shows that total liabilities from discontinued textile operations remain at Rs 2,315.07 lakhs, and the discontinued segment continues to carry a negative capital employed position of Rs 2,311.55 lakhs, which shareholders will observe as an ongoing balance sheet consideration.
The disclosed terms indicate that while losses from discontinued operations narrowed considerably year on year, the liability overhang from the former textile segment has not materially changed since the prior audited period. The statutory auditors have conducted a limited review, not a full audit, for this quarter's results.
Sector / Market Context
India's commercial real estate and industrial rental services segment has seen steady demand from manufacturing and logistics occupiers, supported by the government's Production Linked Incentive schemes across multiple industries. For companies that have exited capital-intensive manufacturing, a pure rental or leasing model can offer more predictable cash flows, though the scale of revenues remains subject to occupancy and lease renewal conditions. The transition from textile manufacturing to property rental represents a structural shift that is being tracked across several legacy textile companies listed on Indian exchanges.