Key Financial Figures

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹871.59 lakh
  • Other Income: ₹29.48 lakh
  • Total Income: ₹901.07 lakh
  • Total Expenses: ₹1,009.60 lakh
  • Loss before tax: ₹108.53 lakh
  • Deferred Tax: ₹27.34 lakh
  • Net Loss: ₹81.19 lakh
  • Basic EPS: (₹0.48)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹1,658.74 lakh
  • Other Income: ₹42.37 lakh
  • Total Income: ₹1,701.11 lakh
  • Total Expenses: ₹1,862.04 lakh
  • Loss before tax: ₹160.93 lakh
  • Deferred Tax: ₹40.82 lakh
  • Net Loss: ₹120.11 lakh
  • Basic EPS: (₹0.71)

Comparative Figures

  • Q2 FY26 Net Loss: ₹231.32 lakh
  • H1 FY26 Net Loss: ₹143.96 lakh
  • FY26 Annual Net Loss: ₹551.24 lakh

Segment Performance

Revenue Breakdown (Q2 FY27)

  • Garments: ₹839.81 lakh (96.4% of total)
  • Aluminium Roofing and Accessories: ₹31.78 lakh (3.6% of total)

Segment Results (Q2 FY27)

  • Garments segment loss: ₹53.32 lakh
  • Aluminium segment loss: ₹6.83 lakh
  • Total segment loss: ₹60.15 lakh

Capital Employed (as at September 30, 2026)

  • Garments: ₹7,461.73 lakh
  • Aluminium Roofing and Accessories: ₹99.27 lakh
  • Unallocated: ₹1,737.64 lakh
  • Total: ₹9,298.64 lakh

Cash Flow Statement (H1 FY27)

  • Cash flow from Operating Activities: (₹402.12) lakh
  • Cash flow from Investing Activities: (₹15.78) lakh
  • Cash flow from Financing Activities: ₹382.18 lakh
  • Net decrease in Cash: (₹35.72) lakh
  • Cash and equivalents at period end: ₹5.77 lakh

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹14,728.68 lakh
  • Total Equity: ₹9,298.63 lakh
  • Total Liabilities: ₹5,430.05 lakh
  • Property, Plant and Equipment: ₹12,792.09 lakh
  • Inventories: ₹898.04 lakh
  • Trade Receivables: ₹748.30 lakh
  • Borrowings (current): ₹2,790.70 lakh
  • Borrowings (non-current): ₹0.00 lakh (reduced from ₹45.50 lakh as at March 31, 2026)

Regulatory Compliance Matters

Disclosed that the company does not comply with the minimum public shareholding requirement of 25% as prescribed under Regulation 38 of SEBI (LODR) Regulations. The company has applied to SEBI for exemption/relaxation and has paid an application fee of ₹1.18 lakh. The outcome is pending.

Additional Information

  • Paid-up equity share capital: ₹1,692.00 lakh (Face Value ₹10 per share)
  • The financial results were reviewed by statutory auditors Varma & Varma, Chartered Accountants
  • The company was formerly known as Victory Paper and Boards (India) Limited
  • Figures for previous periods have been regrouped and recast for comparability