Textile stock hits 20% upper circuit after reporting 1,600% QoQ increase in net profit

SYNOPSIS :

Pasupati Spinning reported steady Q2 FY26 performance, with revenue up 19 percent QoQ and PAT surging 1,600 percent QoQ, supported by strong textile-segment contribution and improved operational efficiency.

During Thursday’s trading session, shares of a company involved in the business of fabrics, bed sheets, acrylic fibre, cotton and polyester blended yarns hit a 20 percent upper circuit at Rs. 39.8 on BSE, after reporting Q2 FY26 financial results with a rise in net profit by around 1600 percent QoQ and 112 percent YoY.

At 02:55 p.m., shares of Pasupati Spinning & Weaving Mills Limited were trading in green at Rs. 34.85 on BSE, up by around 5 percent, compared to its previous closing price of Rs. 33.17, with a market cap of Rs. 32.5 crores. The stock has delivered posi