Company Disclosure

Key Decisions Approved

1. Financial Results Approval

The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026, along with the Limited Review Report.

2. Director Appointment

The Board approved the appointment of Mr. J Vishnuvardhan (DIN: 10983248) as an Additional Director (Non-executive Independent Director) effective from December 01, 2026 for a term of five years ending November 30, 2031, subject to shareholder approval.

Standalone Financial Performance (Rs. in Lakhs)

Quarterly Performance (Q2 FY2027)

  • Revenue from operations: ₹1,566.17 lakh
  • Other income: ₹98.46 lakh
  • Total income: ₹1,576.02 lakh
  • Profit before tax: ₹72.32 lakh
  • Profit for the quarter: ₹183.00 lakh
  • Basic EPS: ₹0.55 per share
  • Diluted EPS: ₹0.55 per share

Half-Year Performance (H1 FY2027)

  • Revenue from operations: ₹5,320.91 lakh
  • Other income: ₹207.85 lakh
  • Total income: ₹5,341.70 lakh
  • Profit before tax: ₹1,280.64 lakh
  • Profit for half-year: ₹1,021.80 lakh
  • Basic EPS: ₹3.14 per share
  • Diluted EPS: ₹3.12 per share

Comparative Performance

Q2 FY2027 vs Q2 FY2026:

  • Revenue increased 61.4% from ₹970.70 lakh to ₹1,566.17 lakh
  • Turned from loss of ₹330.67 lakh to profit of ₹183.00 lakh

H1 FY2027 vs H1 FY2026:

  • Revenue increased 78.0% from ₹2,989.65 lakh to ₹5,320.91 lakh
  • Profit increased 212.6% from ₹326.89 lakh to ₹1,021.80 lakh

Standalone Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹10,134.64 lakh (vs ₹9,403.42 lakh as at March 31, 2026)
  • Equity Share Capital: ₹342.51 lakh (vs ₹318.33 lakh)
  • Total Equity: ₹5,153.09 lakh (vs ₹4,133.27 lakh)
  • Total Liabilities: ₹4,981.55 lakh (vs ₹5,270.15 lakh)
  • Inventories: ₹2,878.60 lakh (vs ₹2,186.61 lakh)
  • Trade Receivables: ₹362.94 lakh (vs ₹976.87 lakh)
  • Cash and cash equivalents: ₹2.13 lakh (vs ₹5.66 lakh)

Standalone Cash Flow (H1 FY2027)

  • Net cash used in operating activities: ₹(347.77) lakh
  • Net cash used in investing activities: ₹(732.22) lakh
  • Net cash from financing activities: ₹1,076.46 lakh
  • Net decrease in cash: ₹(3.53) lakh

Consolidated Financial Performance (Rs. in Lakhs)

Quarterly Performance (Q2 FY2027)

  • Revenue from operations: ₹1,770.82 lakh
  • Other income: ₹109.24 lakh
  • Total income: ₹1,781.74 lakh
  • Profit before tax: ₹186.86 lakh
  • Profit for the quarter: ₹268.61 lakh
  • Basic EPS: ₹0.78 per share
  • Diluted EPS: ₹0.78 per share

Half-Year Performance (H1 FY2027)

  • Revenue from operations: ₹5,529.64 lakh
  • Other income: ₹186.85 lakh
  • Total income: ₹5,548.32 lakh
  • Profit before tax: ₹1,488.05 lakh
  • Profit for half-year: ₹1,173.69 lakh
  • Basic EPS: ₹3.58 per share
  • Diluted EPS: ₹3.56 per share

Director Appointment Details

Mr. J Vishnuvardhan (DIN: 10983248)

  • Appointment Date: December 01, 2026
  • Term: Five years ending November 30, 2031
  • Type: Non-Executive Independent Director
  • Profile: Former professional tennis player, Co-Founder of Sportslet, Advisor to Hyderabad Padel League, Secretary of Telangana Pickleball Association
  • Shareholding: Nil
  • Relationships: Not related to any existing directors
  • Independence: Satisfies independence criteria under Companies Act, 2013 and SEBI Listing Regulations

Significant Accounting Notes

Tax Regime Change

During H1 FY2027, the Company opted for Section 200 of Income-tax Act, 2025 (corresponding to Section 115BAA) to pay tax at reduced rate of 22% plus applicable surcharge and cess. Accordingly:

  • Computed provision for income tax at new regime rate of 25.168%
  • Remeasured deferred tax balances at new rate
  • Q1 FY2027 tax expense computed at old regime rate of 29.12%, with impact recognized in Q2 FY2027

Subsidiary Investment

During H1 FY2027, the Company converted ₹999.99 lakhs of inter-corporate deposit into equity shares of wholly owned subsidiary:

  • 17,452 equity shares of ₹10 each
  • Issued at price of ₹5,730 per share (₹10 face value + ₹5,720 premium)
  • Allotment date: September 10, 2026

Subsidiary Financing

Virtuoso Compressors Private Limited issued Optionally Convertible Debentures (OCDs) of ₹150 crores during the period for capital expenditure and working capital requirements.

Subsidiary Information

Consolidated results include:

1. Virtuoso Polymers Private Limited (Wholly Owned Subsidiary)

2. YLP Solutions Private Limited (Subsidiary)

3. Virtuoso Compressors Private Limited (Subsidiary)

Subsidiary Financials (as at September 30, 2026):

  • Total Assets: ₹2,173.21 lakh
  • Q2 Revenue: ₹597.42 lakh
  • H1 Revenue: ₹962.55 lakh
  • Q2 Net Profit: ₹85.61 lakh
  • H1 Net Profit: ₹151.89 lakh

Audit and Compliance

  • Financial results reviewed by Audit Committee and approved by Board
  • Limited review conducted by SKVM & Co., Chartered Accountants (Firm Registration No: 121035W)
  • Results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Company primarily engaged in manufacturing consumer electronics goods including Air Conditioners, Water Dispensers, Deep Freezers, Lighting and components, and Electronics Manufacturing Services (EMS)

Publication and Availability

Financial results will be published in one English and one vernacular newspaper and are available on company website at www.voepl.com