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Borana Weaves Q4 Profit Jumps 58% To ₹17.2 Crore, FY26 Revenue Climbs 34%

· Free Press Journal

Mumbai: Borana Weaves Limited reported a 58 percent year-on-year rise in standalone net profit to Rs 17.2 crore in Q4 FY26, compared with Rs 10.9 crore in the corresponding quarter last year, even as revenue from operations declined sequentially from the previous quarter.

Revenue from operations stood at Rs 100.7 crore in Q4 FY26 against Rs 111.4 crore in Q3 FY26 and Rs 78.7 crore in Q4 FY25. The company closed FY26 with strong full-year growth supported by higher operating scale and improved profitability.

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Borana Weaves posted total income of Rs 102.4 crore during the March quarter, up from Rs 79.4 crore a year earlier. Total expenses rose to Rs 81.5 crore from Rs 65.9 crore in Q4 FY25, reflecting higher material consumption and employee costs.

Profit before tax increased 55 percent year-on-year to Rs 20.9 crore from Rs 13.5 crore. Sequentially, however, profitability moderated due to lower quarterly revenue and softer operating momentum compared with Q3 FY26.

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On a quarter-on-quarter basis, revenue from operations fell 9.5 percent from Rs 111.4 crore in Q3 FY26, while PAT declined 7.2 percent from Rs 18.5 crore. Finance costs during Q4 stood at Rs 0.7 crore, while depreciation and amortisation expenses rose to Rs 5.6 crore.

The company reported EPS of Rs 6.45 in Q4 FY26 against Rs 7.02 in the preceding quarter and Rs 5.44 in Q4 FY25. The company also recorded a marginal exceptional gain linked to sale of tangible assets during the quarter.

For the full financial year FY26, Borana Weaves reported revenue from operations of Rs 388.6 crore, up 34 percent from Rs 290.8 crore in FY25. Net profit for FY26 rose 61 percent to Rs 64.6 crore compared with Rs 40.2 crore in the previous financial year. Total equity increased to Rs 281.6 crore as of March 31, 2026, from Rs 87.5 crore a year earlier, while total assets expanded to Rs 366.4 crore from Rs 155.9 crore.

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The board also approved the audited standalone financial results for FY26 and appointed Vora Vora & Associates as internal auditor for FY27, while reappointing Vaghela Kishor & Co as cost auditor.

Disclaimer: This report is based on unaudited/ audited regulatory filings and is not investment advice.

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This ingredient will change the way you make a quick chicken curry forever

· Sydney Morning Herald

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Ontario expanding jail capacity by adding 2,500 beds over next decade

· Toronto Sun

The Ontario government is adding 2,500 permanent jail beds over the next 10 years in an effort to ensure the province’s corrections system can keep pace with tougher bail and sentencing laws.

“When violent and repeat offenders break the law, Ontarians expect them to be kept behind bars and not back on our streets,” Solicitor General Michael Kerzner said in a press release.

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“That’s why we’re strengthening bail and making generational investments to increase correctional capacity so there is always room to hold criminals accountable, today and into the future.”

The new jail beds are part of a $3 billion investment that includes building new correctional facilities and expanding existing facilities.

By November 2026, the province said there would be 255 permanent new beds across 12 existing institutions.

The province is also hiring more than 700 new correctional staff, including correctional officers, nurses and critical support workers.

Long-term plan to add thousands of jail beds

The announcement follows a recent Canadian Press report on the province’s plan to add nearly 6,000 jail beds by 2050, which it said would cost taxpayers billions.

Ontario Premier Doug Ford defended the high pricetag last month, stating, “Those billions of dollars is well invested to make sure our communities are safe.”

The report was based on documents obtained by University of Ottawa researchers through freedom-of-information laws that were shared with CP .

The documents also showed that the province’s jails, with about 8,500 beds, were operating with about 2,000 more inmates than their capacity.

Critics of the plan included Opposition Leader Marit Stiles, who said the Ford government’s plan to add jail capacity was not a solution to the issues facing the justice system.

“Our jails right now are deeply overcrowded, and that’s not safe for inmates or for correctional officers,” the NDP leader said, per CP . “I just question why this government never seems to look at any of the upstream solutions around community safety.”

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