Deepak Spinners has reported a Profit After Tax (PAT) of ₹3.09 crore for the quarter ended June 30, 2026, marking a significant turnaround from a net loss of ₹3.61 crore in the same period last year. Revenue also grew.
Deepak Spinners Reports Q1 Profit of ₹3.09 Crore
Deepak Spinners Ltd. has reported a Profit After Tax (PAT) of ₹3.09 crore for the quarter ended June 30, 2026.
Revenue for the quarter stood at ₹136.82 crore.
Reader Takeaway: Profitability improves year-on-year; uncertain recognition of power rebate is a watch point.
What just happened
Deepak Spinners has posted a net profit of ₹3.09 crore for the first quarter of the current fiscal year. This marks a substantial recovery from the net loss of ₹3.61 crore recorded in the corresponding quarter of the previous year (June 30, 2025). The company also reported revenue of ₹136.82 crore for the quarter.
Why this matters
The turnaround to profitability is a positive signal for investors, indicating improved operational performance compared to the prior year. The company's revenue also showed a sequential increase from the previous quarter.
The backstory
In the previous fiscal year's first quarter (ended June 30, 2025), Deepak Spinners had registered a net loss of ₹3.61 crore. The current quarter's results demonstrate a successful reversal of this trend.
What changes now
The company's financial performance has shifted from a loss-making position to profitability. This improved performance may influence investor sentiment and stock valuation.
Risks to watch
A key watch point is the contingent asset related to power rebates. While the company recognized ₹1.05 crore as income during the quarter, a significant portion of ₹8.40 crore remains unrecognized as it is not considered 'virtually certain' of realization. The realization of this contingent amount is uncertain and depends on future clarity, potentially impacting future 'other income'.
Peer comparison
Specific peer comparison data is not available in the filing.
Context metrics (time-bound)
- Current Quarter PAT (June 30, 2026): ₹3.09 crore
- Previous Year Q1 PAT (June 30, 2025): (₹3.61 crore)
- Sequential Quarter PAT (March 31, 2026): ₹2.47 crore
- Current Quarter Revenue (June 30, 2026): ₹136.82 crore
- Power Rebate Recognized (Current Quarter): ₹1.05 crore
- Total Power Rebate Identified: ₹9.45 crore
What to track next
Investors should closely monitor the company's ability to sustain its profitability in upcoming quarters and track any further developments regarding the realization of the contingent ₹8.40 crore power rebate.