Revenue rises 52 per cent as fabrics and green energy drive growth.
GHCL Textiles reported a 191 per cent year-on-year increase in net profit to Rs 390 million during the first quarter of FY27, compared with Rs 140 million in the corresponding period of the previous year.
The company’s total revenue increased by 52 per cent to Rs 4.10 billion from Rs 2.70 billion in Q1 FY26. EBITDA rose by 116 per cent to Rs 700 million, compared with Rs 320 million during the same period last year.
R S Jalan, Non-Executive Director, GHCL Textiles, said the performance reflected the company’s focus on building a differentiated and value-added textile business. Phase 1 of its knitting expansion has become operational, while Phase 2 is progressing according to schedule.
The contribution of vertically integrated operations to revenue increased from 9 per cent in Q1 FY26 to 16 per cent in Q1 FY27. The company expects its focus on scale, cost efficiency, working capital optimisation and product mix to support long-term growth.
Fabric sales volumes also increased significantly compared with the previous quarter. The commissioning of Phase 2 knitting machines remains on track and will support the planned expansion of the company’s fabric production capacity.
GHCL Textiles currently has 65 MW of green energy capacity, meeting approximately 70 per cent of its energy requirements. An additional 11 MW of renewable energy capacity is under development to reduce energy costs and strengthen its sustainability and ESG performance.