Mumbai, Nov. 4 -- Vishal Fabrics Limited, a textile manufacturing company, reported a nearly 21% year-on-year increase in standalone net profit to Rs.10.63 crore for the second quarter ended September 30, 2026, reflecting improved profitability despite a decline in revenue.
The company's standalone revenue from operations stood at Rs.366.33 crore during Q2 FY27, while profit before tax reached Rs.13.17 crore. Earnings per share (EPS) stood at Rs.0.43.
On a consolidated basis, Vishal Fabrics reported a net profit of Rs.11.57 crore, registering approximately 20.8% growth compared with Rs.9.58 crore in the corresponding quarter last year. Consolidated profit also surged around 61% sequentially from Rs.7.16 crore in Q1 FY27.
The company's consolidated operating profit increased approximately 10.2% year-on-year and 38.3% quarter-on-quarter, indicating an improvement in operational profitability.
For the first half of FY27, Vishal Fabrics reported standalone net profit of Rs.17.67 crore on revenue from operations of Rs.745.41 crore.
Meanwhile, the company's board approved the unaudited financial results and announced the appointment of Ravindra Bajranglal Bajaj as Chief Executive Officer, effective November 3, 2026, following the resignation of Suketu Shah.
Published by HT Digital Content Services with permission from PNN.