Reliance Spinning Mills Reports 342.53% Surge in Q1 Net Profit to Rs. 30.48 Crore
Fri, Nov 6, 2026 11:21 AM on Financial Analysis, Highlight News, Company Analysis,
Reliance Spinning Mills Limited (RSML) has released its first-quarter financial results for FY 2083/84, reporting a 342.53% increase in net profit to Rs. 30.48 Crore, driven by strong growth in operating revenue and a substantial improvement in operating profit.
The company’s paid-up capital increased by 11.28% to Rs. 1.90 Arba from Rs. 1.70 Arba in the corresponding quarter of the previous fiscal year. Similarly, other equity increased by 25.60% to Rs. 7.40 Arba from Rs. 5.89 Arba.
Meanwhile, property, plant and equipment declined by 3.20% to Rs. 9.24 Arba from Rs. 9.54 Arba. Trade receivables also decreased marginally by 1.70% to Rs. 1.50 Arba from Rs. 1.52 Arba.
The company’s revenue from operations increased by 28.78% to Rs. 3.20 Arba in Q1 FY 2083/84, compared to Rs. 2.49 Arba in the corresponding quarter of the previous fiscal year.
Similarly, operating profit surged by 139.85% to Rs. 40.57 Crore from Rs. 16.92 Crore.
However, the company’s cost of sales also increased by 20.56% to Rs. 2.64 Arba from Rs. 2.19 Arba during the review period.
Reliance Spinning Mills recorded other income of Rs. 1.30 Crore, up 51.90% from Rs. 85.26 lakh in the corresponding quarter.
Meanwhile, administrative expenses increased by 11.18% to Rs. 10.16 Crore from Rs. 9.14 Crore.
Despite the rise in operating expenses, strong revenue growth and improved operating performance significantly boosted the company’s bottom line. As a result, net profit surged by 342.53% to Rs. 30.49 Crore, compared to Rs. 6.89 Crore in Q1 FY 2082/83.
The company’s annualized earnings per share (EPS) rose 297.66% to Rs. 64.18 from Rs. 16.14.
Similarly, net worth per share increased by 9.97% to Rs. 489.53 from Rs. 445.14.
At the end of Q1 FY 2083/84, the company’s quarter-end price-to-earnings (P/E) ratio stood at 41.29 times, while its quarter-end market price was Rs. 2,650 per share.
* Figures are of Immediate Previous Year Quarter Ending
Major Highlights:
| Particulars (Rs in 000) | Reliance Spinning Mills Limited | ||
| Q1 2083/84 | Q1 2082/83 | Difference | |
| Paid Up Capital | 1,900,000 | 1,707,340* | 11.28% |
| Other Equity | 7,401,060 | 5,892,750* | 25.60% |
| Property, Plant and Equipment | 9,235,645 | 9,540,877* | -3.20% |
| Trade Receivables | 1,498,543 | 1,524,502* | -1.70% |
| Revenue from Operation | 3,202,992 | 2,487,121* | 28.78% |
| Operating Profit | 405,715 | 169,152 | 139.85% |
| Cost of Sales | (2,641,312) | (2,190,842) | 20.56% |
| Other Income | 12,951 | 8,526 | 51.90% |
| Administration Expenses | (101,566) | (91,355) | 11.18% |
| Net Profit | 304,860 | 68,890 | 342.53% |
| Annualized EPS (In Rs.) | 64.18 | 16.14 | 297.66% |
| Net Worth per Share (In Rs.) | 489.53 | 445.14 | 9.97% |
| Qtr End P/E Ratio | 41.29 | - | 0.00% |
| Qtr End Price | 2650 | - | 0.00% |
