Vaibhav Global Q1 FY27 Net Profit Rises 50% YoY

Date of Board Meeting: Tuesday, 04th August 2026
Meeting Duration: 15:30 hours to 20:00 hours (IST)
Approved unaudited Financial Results (Consolidated and Standalone) under Ind AS for quarter ended 30th June 2026
Approved grant of Stock Options and Restricted Stock Units under various share-based employee benefit plans
Based on audit committee recommendation, appointed Ernst & Young LLP as internal auditors for two years (FY 2026-27 and FY 2027-28)

Internal Auditor: Ernst & Young LLP appointed for FY 2026-27 and FY 2027-28
Brief Profile: EY is a global leader in assurance, tax, transaction, and advisory services with extensive industry knowledge and innovative methodologies
Date of Appointment: 4th August 2026

VGL MSOP Plan - 2021: 93,170 Stock Options convertible into equal number of Equity Shares at exercise price of Rs. 2/- with 100% vesting after 2 years from grant date, exercisable within 7 years from vesting
VGL RSU Plan - 2019: 11,858 Restricted Stock Units convertible into equal number of Equity Shares at exercise price of Rs. 2/- with vesting schedule: 20% after 1st year, 30% after 2nd year, 50% after 3rd year from grant date, exercisable within 3 months from respective vesting
VGL ESOP Plan - 2021: 14,970 Stock Options convertible into equal number of Equity Shares at exercise price of Rs. 2/-
Total shares covered: 119,998 equity shares of face value Rs. 2/- each
All schemes comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

The Company allotted 276,874 equity shares having face value of Rs. 2/- each for quarter ended 30 June 2026 under various Employees Stock Option Benefit Schemes through Vaibhav Global Employee Stock Option Welfare Trust at exercise price ranging from Rs. 2.00 - Rs. 188.95

Revenue from operations: 91,707.34 (Q1 FY27) vs 81,373.71 (Q1 FY26) - 12.7% YoY growth
Other income: 531.34 vs 1,307.41 (Q1 FY26)
Total income: 92,238.68 vs 82,681.12 (Q1 FY26)
Total expenses: 85,151.39 vs 78,099.33 (Q1 FY26)
Profit before tax: 7,087.29 vs 4,581.79 (Q1 FY26) - 54.7% YoY growth
Tax expense: 1,449.03 vs 818.60 (Q1 FY26)
Net profit: 5,638.26 vs 3,763.19 (Q1 FY26) - 49.8% YoY growth
EPS (Basic): Rs. 3.37 vs Rs. 2.26 (Q1 FY26)
EPS (Diluted): Rs. 3.33 vs Rs. 2.24 (Q1 FY26)
Paid-up equity share capital: 3,346.01 lakhs
Other equity: 1,61,452.89 lakhs (as of 31 March 2026)

Revenue from operations: 15,752.12 (Q1 FY27) vs 14,215.46 (Q1 FY26)
Other income: 495.87 vs 998.00 (Q1 FY26)
Total income: 16,247.99 vs 15,213.46 (Q1 FY26)
Total expenses: 14,452.23 vs 14,151.90 (Q1 FY26)
Profit before tax: 1,795.76 vs 1,061.56 (Q1 FY26)
Tax expense: 467.73 vs 159.58 (Q1 FY26)
Net profit: 1,328.03 vs 901.98 (Q1 FY26) - 47.2% YoY growth
EPS (Basic): Rs. 0.79 vs Rs. 0.54 (Q1 FY26)
EPS (Diluted): Rs. 0.78 vs Rs. 0.54 (Q1 FY26)
Paid-up equity share capital: 3,346.01 lakhs
Other equity: 84,162.83 lakhs (as of 31 March 2026)

During year ended 31 March 2026, US subsidiaries paid import tariffs of USD 4.59 million (Rs. 4,338.55 lakhs) under IEEPA
US Supreme Court ruled tariffs were not authorized, and US Court of International Trade directed refund
In Q1 FY27, received refund of INR 3,839.90 lakhs (USD 4.04 million) plus interest of Rs. 148.04 lakhs (USD 0.16 million)
Rs. 2,559.15 lakhs recorded as other operating revenue (for items already sold)
Rs. 1,280.75 lakhs reduced from inventory value (for items still in stock)
Rs. 148.04 lakhs interest income disclosed as other income
Company paid additional tariffs of INR 1,425.73 lakhs (USD 1.5 million) under Section 122 during 24 February 2026 to 24 July 2026
Ongoing legal proceedings regarding Section 122 tariffs - outcome not considered probable for accounting

The consolidated results include:

BSR & Co. LLP conducted limited review of both consolidated and standalone financial results
Figures for three months ended 31 March 2026 are balancing figures between audited full-year figures and published YTD figures up to third quarter of previous financial year
Four subsidiaries not reviewed by BSR & Co. LLP - their interim financial information reflects total revenues of Rs. 10,560.67 lakhs and net profit of Rs. 414.01 lakhs for Q1 FY27