Date: 22.10.2026
Financial Performance Summary
Quarterly Results (Q2 FY2027 ended September 30, 2026)
- Net Profit: Rs 6.78 crore
- Total Income: Rs 27.68 crore
- Sequential Comparison: Sharp turnaround from net loss of Rs 6.56 crore in Q1 FY2027
- Sequential Income Growth: More than threefold increase from Rs 8.88 crore in June quarter
- Year-on-Year Comparison: Total income declined from Rs 34.32 crore in September 2025 quarter
- Year-on-Year Profit: Net profit fell from Rs 10.21 crore in corresponding period last year
Half-Yearly Results (H1 FY2027)
- Total Income: Rs 36.56 crore (compared to Rs 40.59 crore in corresponding period previous fiscal)
- Net Profit: Rs 23.18 lakh (compared to Rs 35.69 crore a year earlier)
Management Commentary
Tarachand Agrawal, Whole-time Director, commented: "The return to profitability in the September quarter, with a net profit of Rs 6.78 crore following the loss in the preceding quarter, marks a significant improvement in our financial performance. We remain focused on strengthening our operational performance, improving business efficiency and sustaining the strong growth momentum and recovery in the coming quarters."
Business Operations and Diversification
- Vertically integrated textile manufacturing company
- Product portfolio: denim, non-denim, poplin, shirting and suiting fabrics, cotton yarn and fibres
- Manufacturing facility located in Narol, Ahmedabad with in-house processes including weaving, dyeing and finishing
- Recent diversification focus: non-denim shirting and suiting fabrics, B2B job work, and fabric trading
Corporate Development
- In July 2026, incorporated Varvee Energy - a wholly owned subsidiary focused on renewable energy solutions