Super Spinning Mills Reports ₹10.76 Lakh Profit in Q3 FY25, Announces Key Management Changes

Coimbatore, January 28, 2025 – Super Spinning Mills Limited (NSE: SUPERSPIN, BSE: 521180) has announced its Q3 FY25 financial results, reporting a profit of ₹10.76 lakh, compared to a loss of ₹120.84 lakh in Q3 FY24, marking a turnaround in operations. The company also disclosed key leadership changes, including the resignation of its Company Secretary and appointment of a new Compliance Officer.

Key Financial Highlights – Q3 FY25 (Standalone)​

For the nine months ended December 31, 2024 (9M FY25):

• Revenue: ₹473.21 lakh (up 9.1% YoY).
• Net Loss: ₹35.51 lakh (vs ₹909.32 lakh loss in 9M FY24).

Segment Performance & Operational Updates​

• Textile Operations: The company had earlier discontinued its textile business, and the financial impact is now reflected under discontinued operations.
• Rental Services Revenue: ₹158.32 lakh in Q3 FY25, contributing the majority of revenue.

Key Management Changes​

1. Resignation of Company Secretary & Compliance Officer
   • Mrs. Narmatha G K has resigned from her position, effective January 31, 2025, citing personal reasons.
   • The resignation letter highlights her gratitude to the board and commitment to ensuring a smooth transition.
2. Appointment of New Compliance Officer
   • Mrs. Sabeetha D will assume the role of Company Secretary & Compliance Officer (KMP) from February 3, 2025.
   • Qualifications: B.Com, ACS.
   • Experience: Over a year in corporate law, securities law, and governance.

Management Commentary​

Sumanth Ramamurthy, Chairman & Managing Director, Super Spinning Mills, stated:
"Despite challenges, we have returned to profitability and remain committed to operational efficiencies. With a new compliance leadership, we aim to strengthen governance and optimize business operations."

Strategic Outlook​

• Focus on asset optimization through rental income streams.
• Continued governance strengthening post-management changes.
• Monitoring the financial impact of discontinued textile operations.

Super Spinning Mills’ return to profitability signals cautious optimism, with investors keen on further cost optimization and business realignment strategies.