Hisar Spinning's annual profit rose 13%. The last quarter fell off a cliff.
Full-year net profit climbed to ₹3.31 crore, but Q4 profit collapsed 36% on a spike in material and power costs. The board skipped a dividend.
— 1 earlier story on Hisar Spinning Mills Ltd. →What's new
- Q4 net profit fell 36% year-on-year to ₹66.28 lakh from ₹1.03 crore.
- Full-year revenue held steady at ₹44.11 crore; no dividend was declared.
- The Q4 profit drop was driven by higher material and power costs.
Why this matters
The annual profit growth is a rearview number. The more relevant data point is a quarterly profit that dropped to ₹66 lakh, squeezed by input costs. For a company with a ₹17 crore market cap, such volatility in a single quarter is a material risk.
What we're watching
- Whether Q4's cost spike was a one-off or the start of a trend.
- The next quarter's margins to test if the pressure persists.
- Any management commentary on input-cost management for the nano-cap.
The full read
Hisar Spinning Mills, a nano-cap with a ₹17 crore market capitalisation, posted a year of two stories. Annual net profit rose 13% to ₹3.31 crore. But the final quarter was a collapse. Q4 profit fell 36% to just ₹66.28 lakh, squeezed by higher material and power costs. Revenue for the year was flat at ₹44.11 crore. The board skipped a dividend. The full-year profit figure is substantial relative to the company's tiny market cap. But the Q4 erosion is the signal that matters. It suggests cost pressures are immediate and severe. For a company this small, a single bad quarter can wipe out the entire year's work. The open question is whether this was a blip. The next quarterly numbers will answer it.
Questions answered
- Why did full-year profit grow while the final quarter dropped so sharply?
- The annual result was lifted by stronger performance in the first nine months. Q4 profit fell 36% to ₹66.28 lakh due to higher material and power costs that hit at year-end.
- What is the scale of this company relative to its market value?
- Hisar Spinning is a nano-cap with a ₹17 crore market capitalisation. Its ₹3.31 crore in annual profit is substantial relative to that small market value.
- Why was no dividend recommended despite the annual profit growth?
- The board chose not to recommend a dividend for FY26. The filing provides no reason, but the sharp Q4 profit drop may have constrained the capacity to pay.
- Is the annual growth of 13% meaningful given the quarterly reversal?
- The 13% annual growth to ₹3.31 crore is positive on the face of it. However, the trajectory is poor. The company exited the year at a much lower profitability level than it started.
Hisar Spinning Mills Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on HISARSP →- 29 May 2026 · 10:00 PM IST Hisar Spinning's annual profit rose 13%. The last quarter fell off a cliff.
- 38d ago Hisar Spinning's Q4 profit dropped 36% despite a full-year rise.