Suryalata Q1 flat, no repeat of last year's one-off
Net profit ₹4.13 cr versus ₹4.28 cr a year ago. Revenue slipped to ₹120.55 cr from ₹123.13 cr. The board also approved a director's continuation beyond 75.
— 2 earlier stories on Suryalata Spinning Mills Ltd. →What's new
- Standalone net profit of ₹4.13 cr in Q1 FY27, roughly flat from ₹4.28 cr last year
- Revenue slipped to ₹120.55 cr from ₹123.13 cr year-on-year
- Board approved continuation of independent director Meka Yugandhar beyond 75 until June 2029, subject to shareholder nod
Why this matters
This quarter's profit confirms earnings are steady but unexciting, without the one-off ₹12.98 cr Telangana reimbursement that boosted FY26. At a trailing P/E of 5.3, the market already prices in modest expectations. This filing does nothing to change that.
What we're watching
- Whether the company can grow revenue after a slight dip
- The AGM on August 24 for dividend announcement and director continuation approval
- Any impact from textile sector cycles on demand
The full read
Suryalata Spinning Mills reported a flat Q1. Net profit of ₹4.13 crore versus ₹4.28 crore last year. Revenue dipped slightly to ₹120.55 crore from ₹123.13 crore. The numbers are clean: no exceptional items and no repeat of the ₹12.98 crore one-off government reimbursement that inflated annual FY26 results. The board also handled routine governance: approving independent director Meka Yugandhar's term extension beyond 75, subject to the August AGM. For a company with a trailing P/E of 5.3 and a debt/equity of 0.26, the stock's cheapness already reflects steady, not growing, earnings. This quarter confirms that reality. Nothing to change the view.
Questions answered
- How did Q1 profit compare with expectations?
- Net profit of ₹4.13 cr was roughly flat year-on-year, with no significant surprises or exceptional items.
- What caused the slight drop in revenue?
- Revenue fell to ₹120.55 cr from ₹123.13 cr a year ago; the filing does not specify the reason, but it may reflect seasonal or demand factors.
- Why did the board approve an independent director over 75?
- Meka Yugandhar's continuation beyond the age of 75 is a standard governance procedure requiring shareholder approval at the upcoming AGM.
- What is the dividend record date and what does it imply?
- The record date for dividend eligibility is August 14, 2026. However, the dividend amount has not been declared yet; it will be decided at the AGM on August 24.
- Is the stock cheap relative to earnings?
- The trailing P/E of 5.3 appears low, but the FY26 earnings included a one-time government reimbursement. This quarter's flat profit provides a clearer view of sustainable earnings.
- Could the one-off government reimbursement recur?
- There is no indication that the ₹12.98 cr interest reimbursement from Telangana will repeat; it was a one-time item.
Suryalata Spinning Mills Ltd.
Latest quarter · Jun 2026
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All notes on SURYALA →- 25 Jul 2026 · 5:31 PM IST Suryalata Q1 flat, no repeat of last year's one-off
- 64d ago Suryalata's profit triples but the numbers were already out
- 64d ago Suryalata's profit jumped 195%. The bulk was a one-off government check.