RSWM reports Rs 19.65 cr Q1 profit as knitting upgrade advances
Other income of Rs 8.88 cr formed part of pre-tax profit, while management cited improved product mix and disciplined costs for the quarter.
Filed 05 Aug 2026, 17:09 IST · after market close · RSWM (RSWM)
Key takeaways
- RSWM reported consolidated Q1FY27 revenue of Rs 1,161.24 cr and operating margin of 7.76%, with management citing product mix and cost discipline.
- Net profit was Rs 19.65 cr, while other income of Rs 8.88 cr was a meaningful part of the Rs 27.31 cr pre-tax profit.
- Management said the Rs 92 cr knitting-capacity upgrade is underway, with benefits expected to start reflecting from Q3FY27.
Product mix and cost discipline shaped Q1
RSWM reported consolidated operating profit of Rs 90.14 cr on revenue of Rs 1,161.24 cr. Management attributed the quarter's performance to operational execution, an improved product mix and disciplined cost management.
Interest and depreciation limited profit conversion
Interest expense of Rs 32.59 cr and depreciation of Rs 39.12 cr absorbed a substantial part of operating profit before tax. Other income of Rs 8.88 cr contributed to the Rs 27.31 cr pre-tax profit, making reported earnings quality an important point to track.
Rs 92 cr knitting expansion is underway
Management said RSWM is investing Rs 92 cr to expand knitting capacity through advanced machinery and technology upgrades. The company said the upgrade is expected to be completed by H1FY27, with benefits likely to start reflecting from Q3FY27. Management also said its priorities include profitable growth, operating efficiency, higher-value segments and deeper customer partnerships.
Results were filed after market close
RSWM filed the consolidated results after market close on 5 August 2026. There is therefore no post-results market reaction to assess in this update.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,161 cr |
| Other income | ₹9 cr |
| Expenses | ₹1,071 cr |
| Operating profit | ₹90 cr |
| Operating margin (%) | 7.76% |
| Interest | ₹33 cr |
| Depreciation | ₹39 cr |
| Profit before tax | ₹27 cr |
| Tax | ₹8 cr |
| Net profit | ₹20 cr |
| EPS (₹) | ₹4.17 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The quarter's performance was driven by operational excellence, an improved product mix and disciplined cost management.
Guidance & outlook
- RSWM is committed to profitable growth, operational efficiency, high-value segments and deeper customer partnerships.
- The company expects its strategic priorities to sustain growth momentum and reinforce its position as an integrated textile manufacturer.
Expansion
- RSWM plans a ₹92 crore investment to grow knitting capacity through advanced machinery and technology upgrades.
- The knitting technology upgrade and expansion are underway, with completion expected by H1 FY27 and benefits from Q3 FY27.
What to watch
- Whether operating margin holds above 7.76% in the next reported quarter.
- Whether the knitting-capacity upgrade begins showing the benefits management said may start from Q3FY27.
- Whether interest expense remains a significant charge against operating profit after Rs 32.59 cr in Q1FY27.