Vardhman Polytex FY26 Results: Net Profit ₹768 Crore, Re-appoints Cost Auditor
Vardhman Polytex reported a net profit of ₹768.13 crore for FY26, down from ₹1,492.40 crore in FY25. Q4 FY26 net profit was ₹88.26 lakh. The company re-appointed M/s Ramanath Iyer & Co. as Cost Auditor for FY27. It also issued NCDs worth ₹75 crore and OCDs worth ₹15 crore, and received BDA approval for land monetization.
The decrease in profit and the ongoing reclassification of assets due to land monetization suggest a moderate impact on the company's financial standing and future operations.
The net profit for the financial year has significantly decreased compared to the previous year, indicating a negative financial performance trend.
Vardhman Polytex Limited announced its audited financial results for the quarter and financial year ended March 31, 2026. The company's net profit for the financial year stood at ₹768.13 crore, a decrease from ₹1,492.40 crore in the previous year. For the fourth quarter ended March 31, 2026, the net profit was ₹88.26 lakh, compared to ₹14.50 lakh in the corresponding quarter of the previous year.
The Board of Directors, in its meeting held on May 29, 2026, also approved the re-appointment of M/s Ramanath Iyer & Co. as the Cost Auditor for the Financial Year 2026-27. The firm, established in 1978, specializes in Cost Audit, Internal Audit, and Inventory Valuation.
The company also provided updates on its financial activities, including the allotment and listing of Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) aggregating ₹75 crore on April 6, 2026, and Optionally Convertible Debentures (OCDs) aggregating ₹15 crore on May 18, 2026. These issuances led to the complete repayment of debt owed to Phoenix ARC.
Furthermore, the company reported that following the Bathinda land monetization opportunity, it received approval from the Bathinda Development Authority (BDA) for establishing a Residential Colony, subject to other regulatory approvals. The land has been reclassified from fixed assets to inventory and is valued at fair value. Additionally, the board approved the sale of land measuring 26 Acre 6 Kanal 9 Marla at the company's Ludhiana Unit.
The company also disclosed the issuance of 2,41,25,000 equity shares upon conversion of warrants, increasing its paid-up share capital to ₹48,30,19,004.
The financial statements have been prepared on a 'Going Concern' basis, despite the net worth having been fully eroded, as management considers the company to be operative.
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