VTM Limited submitted its unaudited standalone financial results for the quarter and six months ended September 30, 2026, prepared in accordance with SEBI Circular No.CIR/CFD/FAC/62/2016 dated July 6, 2016 and Indian Accounting Standards (Ind AS).

The Board of Directors approved the results at their meeting held on November 5, 2026, which commenced at 10:45 AM and concluded at 2:35 PM. The statutory auditors, CNGSN & Associates LLP (ICAI Firm Regn. No.004915S/S200036), carried out a limited review and issued an unmodified limited review report.

Financial Performance Highlights (in INR Lakhs)

Quarter Ended September 30, 2026:

  • Net Sales/Income from operations: ₹9,816.53
  • Other Income (Net): ₹114.10
  • Total Income: ₹9,930.63
  • Total Expenses: ₹9,567.58
  • Profit before exceptional items and tax: ₹363.05
  • Tax Expense: ₹69.15
  • Net Profit for the period: ₹293.90
  • Basic and Diluted EPS: ₹0.29

Quarter Comparison:

  • Net Sales increased 64% YoY from ₹5,987.59 in Q2 FY26
  • Net Profit increased 27% YoY from ₹232.22 in Q2 FY26
  • Compared to previous quarter (June 30, 2026): Net Sales decreased marginally from ₹9,840.41, while Net Profit increased 52% from ₹193.24

Six Months Ended September 30, 2026:

  • Net Sales/Income from operations: ₹19,656.94
  • Other Income (Net): ₹177.77
  • Total Income: ₹19,834.71
  • Total Expenses: ₹19,212.32
  • Profit before exceptional items and tax: ₹622.39
  • Tax Expense: ₹135.25
  • Net Profit for the period: ₹487.14
  • Basic and Diluted EPS: ₹0.48

Six Month Comparison:

  • Net Sales increased 21% YoY from ₹16,186.30 in H1 FY26
  • Net Profit decreased 30% YoY from ₹692.69 in H1 FY26

Expense Breakdown (Quarter Ended September 30, 2026)

  • Cost of materials consumed: ₹7,439.95
  • Changes in inventories: (₹1,570.14) [negative indicates decrease in inventory]
  • Employee benefits expense: ₹833.80
  • Finance Cost: ₹86.05
  • Depreciation and amortization expense: ₹307.37
  • Other expenses: ₹2,419.33

Tax Details (Quarter Ended September 30, 2026)

  • Current tax: ₹112.04
  • Deferred tax: (₹42.89) [credit]
  • Total Tax Expenses: ₹69.15

Comprehensive Income

  • Other comprehensive income, net of tax: ₹77.32
  • Total comprehensive income for the quarter: ₹371.22

Capital Structure

  • Paid-up equity share capital: ₹1,005.69 lakh
  • Face value per share: ₹1.00
  • Reserves (excluding Revaluation Reserve) as of March 31, 2026: ₹30,493.39

Balance Sheet Highlights (as of September 30, 2026)

Assets:

  • Total Assets: ₹46,296.22
  • Non-current assets: ₹20,786.25 (including Property, plant and equipment: ₹12,840.07)
  • Current assets: ₹25,509.97 (including Inventories: ₹15,780.61, Trade receivables: ₹5,331.13)

Liabilities and Equity:

  • Total Equity: ₹32,138.72
  • Non-current liabilities: ₹2,818.08
  • Current liabilities: ₹11,339.42

Cash Flow Statement (Six months ended September 30, 2026)

  • Cash generated from operations: ₹2,189.75
  • Income taxes paid (net of refunds): (₹158.88)
  • Net cash from operating activities: ₹2,030.87
  • Net cash used in investing activities: (₹1,659.77)
  • Net cash used in financing activities: (₹539.08)
  • Net decrease in cash and cash equivalents: (₹167.98)
  • Cash and cash equivalents at end: ₹131.73

Key Disclosures and Notes

1. The company does not have any subsidiaries

2. Results prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting)

3. Exceptional items for year ended March 31, 2026 included:

  • Incremental provision for gratuity under new labour codes: ₹47.76 lakh
  • Abnormal effect of changes in forex rates: ₹254.56 lakh

4. Company operates in single reportable segment: manufacturing of textiles

5. Textile industry is seasonal in nature, making quarterly results unreliable indicators of full-year performance

6. Previous period figures have been regrouped/reclassified where necessary