Why did revenue grow 17x in one year?

The results consolidate Gujarat Kiran Polytex for the first full year. Prior-year revenue of ₹85 lakhs was from Kiran Syntex alone, before the merger closed.

Is the company profitable after the merger?

No. Despite the revenue jump to ₹14.89 crore, the company posted a net loss of ₹7.24 lakhs for FY26, only slightly narrower than the prior year's loss.

What does the clean audit opinion mean here?

The auditors found no material issues with the financial statements of the newly combined entity for its first full year of operation.

What is the significance of the ₹85 lakhs prior-year figure?

It represents Kiran Syntex's standalone revenue before absorbing Gujarat Kiran Polytex. The comparison shows the transformation in scale driven entirely by the amalgamation.

Earnings · Textile - Spinning · Micro cap

Kiran Syntex is a ₹15 cr company now. It still isn't profitable.

The first full-year results after merging with Gujarat Kiran Polytex show scale. They don't show earnings.

— 1 earlier story on Kiran Syntex Ltd. →

KIRANSY-B By Tipsheet Editorial 30 May 2026 · 7:45 PM IST Verify on BSE · NSE

Mkt cap₹7.2 cr

ROE0.00%

Debt / eq.0.05

₹14.89 cr FY26 revenue, up from ₹85 lakhs prior to the amalgamation.

What's new

FY26 revenue hit ₹14.89 cr, a ~17x jump from ₹85 lakhs, due to consolidating Gujarat Kiran Polytex.
Net loss narrowed marginally to ₹7.24 lakhs from ₹7.74 lakhs.
The audited results, approved May 30, carry an unqualified opinion.

Why this matters

The amalgamation explains the entire revenue surge. The real question is whether the combined entity can turn its new, larger topline into an actual profit, something it hasn't managed yet.

What we're watching

Whether the merged entity's cost base allows a profit in FY27.
Any further consolidation or fund infusion to address the ongoing loss.
Management's operational plan for the combined textile business.

The full read

Kiran Syntex reported ₹85 lakhs in revenue last year. This year, after absorbing Gujarat Kiran Polytex, it reports ₹14.89 crore. A 17x jump. But scale did not deliver profit. The net loss was ₹7.24 lakhs, down from ₹7.74 lakhs. The difference is negligible. The board signed off on these audited results on May 30, and the auditors gave them a clean opinion. The filing confirms the new baseline: a bigger company on paper, still in the red.

Questions answered

Why did revenue grow 17x in one year?: The results consolidate Gujarat Kiran Polytex for the first full year. Prior-year revenue of ₹85 lakhs was from Kiran Syntex alone, before the merger closed.
Is the company profitable after the merger?: No. Despite the revenue jump to ₹14.89 crore, the company posted a net loss of ₹7.24 lakhs for FY26, only slightly narrower than the prior year's loss.
What does the clean audit opinion mean here?: The auditors found no material issues with the financial statements of the newly combined entity for its first full year of operation.
What is the significance of the ₹85 lakhs prior-year figure?: It represents Kiran Syntex's standalone revenue before absorbing Gujarat Kiran Polytex. The comparison shows the transformation in scale driven entirely by the amalgamation.

Mentioned: Gujarat Kiran Polytex Limited · ₹14.89 cr · May 30, 2026

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Kiran Syntex Ltd.

Textiles

₹8 cr

Latest quarter · Mar 2026

Sales₹6 cr

Net profit−₹0 cr

Op. margin−0.0%

EPS−₹0.18

Strength & growth

Debt / equity0.05×

Current ratio1.93×

Sales CAGR+28.4%

Story so far

All notes on KIRANSY-B →

30 May 2026 · 7:45 PM IST Kiran Syntex is a ₹15 cr company now. It still isn't profitable.
6d ago Kiran Syntex to absorb Gujarat Kiran Polytex in 14.857:1 share swap