Sri Nachammai Cotton Mills reports Rs 104.93 lakh in Q2, FY26

Sri Nachammai Cotton Mills reported a net loss of Rs 104.93 lakh in Q2, FY26 contrasting sharply with a profit of Rs 638.16 lakh during the same quarter last year. Poor demand for yarn with continued disparity in cotton prices compared to yarn prices are likely contributors to the company's financial performance.

Sri Nachammai Cotton Mills is implementing various cost-control and efficiency-enhancement measures across operations to reduce operational losses and improve efficiency. The company continues to operate in the cotton and yarn manufacturing segment, with no separate reportable segments as per Ind AS 108.

The management remains focused on navigating the challenging market conditions while leveraging its investments in renewable energy to manage costs effectively.