Financial Results - Q2 FY27 (Quarter Ended September 30, 2026)
- Profit After Tax (PAT): ₹10.6 crore, representing a 21% increase compared to ₹8.8 crore in Q2 FY26
- EBITDA Margin: 7.9%, improved from 6.8% in Q2 FY26
- Revenue from Operations: ₹366.3 crore, decreased from ₹433.1 crore in Q2 FY26
Financial Results - H1 FY27 (Half Year Ended September 30, 2026)
- Profit After Tax (PAT): ₹17.7 crore, representing a 5% increase compared to ₹16.9 crore in H1 FY26
- EBITDA Margin: 7.4%, improved from 7.0% in H1 FY26
- Revenue from Operations: ₹745.4 crore, decreased from ₹830.3 crore in H1 FY26
Management Commentary
Mr. Dharmesh Dattani, Chief Financial Officer, attributed the 21% PAT growth to sustained focus on efficiency and cost discipline. The operating margin expanded by over 100 basis points to 7.9%, reflecting tighter raw material management and a leaner cost structure. Despite a softer demand environment, the company prioritized quality of earnings over volume. For the second half of FY27, the company will focus on operational efficiency, value-added product offerings, and expansion into new geographies including Latin America, Europe, Africa, and Bangladesh.
Management Change
The Board approved the appointment of Mr. Ravindra Bajranglal Bajaj as Chief Executive Officer, effective November 3, 2026. Mr. Bajaj has served as Whole-Time Director of the Company since May 2019 and brings approximately 36 years of experience across the textile value chain, including spinning of cotton and synthetic yarns, fabric production, knitted apparel, and plant operations.
Company Background
Vishal Fabrics Limited, incorporated in 1985 and part of the Chiripal Group, is an Ahmedabad-based denim manufacturer and fabric processor with capacity to produce over 100 million metres of processed fabric annually. The company specializes in dyeing, printing, and processing of denim and other fabrics, including 100% cotton, cotton spandex, cotton-poly, cotton-poly spandex, cotton modal, and cotton Tencel.