Bhilwara Spinners Ltd — Results, 28-05-2025: Result

Bhilwara Spinners Limited has announced a board meeting on to approve the financial results for the quarter and half-year ended March 31, 2025, taking on record audited financial statements with an unmodified audit opinion. The company reported total income of Rs. 25.07 Cr, with a net profit of Rs. 1.73 Cr for the financial year. Operations had temporarily stood still but weaving production started in December 2024 as part of their revival plan. The board approved the appointment of new auditors: M/s CLB & Associates as Statutory Auditors for five years starting after the upcoming AGM, M/s R.K. Jain & Associates as Secretarial Auditors for five years from FY 2025-26, and M/s R.S. Pokharna & Associates as Internal Auditors for FY 2025-26. The company continues to manage sizable borrowings (Rs. 65.16 Cr non-current and Rs. 8.91 Cr current) while investing in capacity expansion involving Rs. 10.29 Cr incurred capital expenditure till March 2025. Cash flow reflects operating cash inflow of Rs. 11.67 Cr but significant investing outflows due to capital expenditure. This signals ongoing business restructuring with cautious steps toward revival and operational ramp-up, relevant for stakeholders tracking its turnaround progress.