GHCL Textiles reports strong Q2, expands with new solar project

GHCL Textiles reported a total income of ₹339 crore for Q2FY26, an 11% year-on-year increase, with EBITDA at ₹38 crore (31% YoY growth) and PAT at ₹16 crore, despite a 22% YoY decrease. For H1FY26, total income stood at ₹609 crore, with EBITDA at ₹70 crore and PAT at ₹30 crore. The company highlighted increased yarn volume production due to new 25k spindles, now operating at optimal utilization with full benefits expected in Q3 FY26, and an increase in fabric revenue to over 11%.

The board also approved an additional capital budget of approximately ₹35 crore for FY2025-26 to fund a 10 MW ground-mounted solar power project, further enhancing its renewable energy portfolio, which currently meets 72% of its energy needs. The company also confirmed dividend payments of ₹0.5 per share for the year ended March 31, 2025, totaling ₹4.78 crore.