Quarterly Results ArchiveLast updated 12 September 20261 min read

Thambbi Modern Spinning Sees Revenue Growth as Losses Shrink Sequentially

The textile firm's Q3 revenue rose 9.9% year-on-year, while its quarterly loss narrowed from the previous quarter.

By Anant Kacholia, HexaWealth Research · Created 12 September 2026

Thambbi Modern Spinning Mills reported a 9.9% YoY rise in Q3 FY24 revenue. While still in a loss, the company's quarterly loss improved sequentially, showing a trend of narrowing losses.

Thambbi Modern Spinning Mills reported a mixed set of earnings for the quarter ended December 2023. While revenue showed a healthy year-on-year increase, the company remained in a loss-making position, though the quarterly loss has been narrowing over recent quarters.

The company's revenue for Q3 FY24 came in at ₹0.78 crore, marking a 9.9% increase compared to the same quarter last year. Sequentially, revenue grew by 1.3% from the September quarter. However, profit after tax was a loss of ₹0.10 crore. While this represents an 82.5% deeper loss compared to Q3 FY23, it shows a significant 37.5% improvement from the larger loss of ₹0.16 crore reported in Q2 FY24.

This trend of sequentially improving losses is evident over the past year. The net profit margin, while still negative, improved to -12.8% in Q3 FY24 from -20.8% in the previous quarter.

Recent Quarterly Performance (₹ crore)

Revenue

Profit

Net Profit Margin

Metric	CurrentQ3 FY24	PreviousQ2 FY24
Revenue	0.78	0.77
Profit	-0.10	-0.16
Net Profit Margin	-12.8%	-20.8%

Key Points

The trailing twelve-month (TTM) revenue stands at ₹3.07 crore, with a TTM loss of ₹1.11 crore.
The company maintains a high return on equity (RoE) of 25.15%, a notable figure given the current loss-making phase.
The current ratio is 0.78, indicating potential liquidity constraints.

The company's challenge remains translating its steady top-line growth into a sustainable return to profitability, with the next quarter critical for confirming the improving loss trend.

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