Gem Spinners India reports net loss for Q2 FY27

Gem Spinners India Limited has announced its unaudited financial results for the second quarter and the half year ended September 30, 2026. The company reported a net loss for the period, reflecting ongoing financial challenges. These results were approved by the Board of Directors on November 12, 2026.

Financial Performance for Q2 FY27

Gem Spinners India Limited has disclosed its unaudited financial results for the second quarter and the half year ending September 30, 2026. The Board of Directors reviewed and approved these results during a meeting held on November 12, 2026.

Key Financial Highlights

Quarter Ended September 30, 2026

  • Total Income: ₹0.00 Lakhs
  • Total Expenses: ₹10.00 Lakhs
  • Profit/(Loss) before exceptional items and Tax: (₹10.00) Lakhs
  • Total Comprehensive Income: (₹10.00) Lakhs
  • Earnings Per Equity Share (Basic/Diluted): (₹0.02)

Half Year Ended September 30, 2026

  • Total Income: ₹0.00 Lakhs
  • Total Expenses: ₹21.74 Lakhs
  • Profit/(Loss) before exceptional items and Tax: (₹21.74) Lakhs
  • Total Comprehensive Income: (₹21.74) Lakhs
  • Earnings Per Equity Share (Basic/Diluted): (₹0.04)

Statement of Assets and Liabilities as at September 30, 2026

The company’s statement of assets and liabilities as of September 30, 2026, shows total assets of ₹662.68 Lakhs and total equity and liabilities of ₹662.68 Lakhs. Shareholder’s Funds are reported at (₹287.36) Lakhs, indicating accumulated losses.

Cash Flow Statement

The cash flow statement for the year ended September 30, 2026, indicates a net cash used in operating activities of (₹11.31) Lakhs and a net cash used in financing activities of ₹11.35 Lakhs. The net increase in cash and cash equivalents for the period was ₹0.04 Lakhs.

Source: BSE

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