Aastha Spintex posts ₹23.8 cr profit, pays 10 paise dividend
FY26 net profit jumped to ₹23.8 crore on revenue of ₹352 crore, but the final dividend is a fraction of the ₹10 proposed earlier.
— 3 earlier stories on Aastha Spintex Ltd. →What's new
- FY26 net profit at ₹23.8 crore, revenue at ₹352 crore.
- Auditors gave unmodified opinion; no qualifications.
- Dividend slashed to 10 paise from ₹10 proposed in July.
Why this matters
A ₹23.8 crore profit for a nano-cap textile maker is strong, but slashing the dividend from ₹10 to ₹0.10 signals either cash constraints or management caution. Investors who bought on the dividend promise got a 99% cut.
What we're watching
- Whether the cash flow statement shows why dividend was cut.
- The Falcon acquisition integration and capacity ramp.
- Future dividend policy and capital allocation.
The full read
Aastha Spintex reported ₹352 crore in revenue and ₹23.8 crore in net profit for FY26, with earnings per share of ₹4.84. Auditors gave an unmodified opinion. The company touts a 2,200% profit growth over four years and 17,457 MT capacity after the Falcon acquisition. But the headline is the dividend: 10 paise per share, down from the ₹10 proposed just two weeks earlier—a 99% cut. That decision overshadows the backward-looking results. For a stock that rallied on the dividend promise, the payout says more about management's priorities than the profit number does.
Questions answered
- What were Aastha Spintex's FY26 results?
- Revenue ₹352 crore, net profit ₹23.8 crore, EPS ₹4.84. Auditors gave a clean report.
- What happened with the dividend?
- The board approved a final dividend of 10 paise per share, down from the ₹10 per share proposed on July 20—a 99% cut.
- What is the company's growth story?
- The company claims 2,200% profit growth over four years. Production capacity is 17,457 MT after integrating the Falcon acquisition.
- Is this filing a surprise?
- The results themselves are routine and backward-looking. The dividend cut, however, was a surprise.
- What should investors watch next?
- The cash flow statement to understand why the dividend was cut, and any update on capacity utilisation.
Story so far
All notes on AASTHA →- 27 Jul 2026 · 6:45 PM IST Aastha Spintex posts ₹23.8 cr profit, pays 10 paise dividend
- today Aastha Spintex's 10 paise dividend slams rally hopes
- 7d ago Aastha Spintex board to mull 1:1 bonus, ₹10 dividend, fabric foray
- 14d ago Aastha Spintex lands ₹76.78 cr in new orders, 21% of FY25 revenue