Vardhman Polytex Q3FY26 Profit Plunges to ₹14.5 Lakhs on Reduced Revenue
Vardhman Polytex reported Q3FY26 net profit of ₹14.5 Lakhs, down from ₹2,406.29 Lakhs YoY. Revenue decreased to ₹5,283.90 Lakhs from ₹7,851.03 Lakhs. The company is pursuing land monetization in Bathinda and Ludhiana, with BDA approval for a residential colony. Debt settlement with Phoenix ARC is ongoing.
The substantial decline in profitability and revenue, coupled with the 'going concern' basis of financial statements and debt restructuring, indicates a high impact on the company's financial health and investor sentiment.
The company reported a significant year-on-year drop in net profit and revenue for the quarter, indicating a negative financial performance.
Vardhman Polytex Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company's Board of Directors approved these results in a meeting held on February 14, 2026.
For the quarter ended December 31, 2025, the company reported a total income of ₹5,283.90 Lakhs, a significant decrease from ₹7,851.03 Lakhs in the corresponding quarter of the previous year. Consequently, the net profit after tax for the quarter stood at ₹14.50 Lakhs, a sharp decline from ₹2,406.29 Lakhs in the same period last year. The basic and diluted earnings per share for the quarter were ₹0.00.
The company's segment reporting indicates that the Textiles segment's profit before tax and interest was ₹(66.69) Lakhs, while the Real Estate segment reported a profit before tax and interest of ₹126.47 Lakhs for the quarter. The company is actively pursuing land monetization opportunities in Bathinda and Ludhiana, with approvals from the Bathinda Development Authority received for a residential colony project, subject to further regulatory clearances. The land has been reclassified from fixed assets to inventory and is now valued at fair value.
Note 2 of the financial results highlights that the company has accepted a debt settlement with Phoenix ARC, with debt repayable in monthly installments up to September 2026. Despite the net worth being fully eroded, management believes the company is an operative entity and has prepared the financial statements on a going concern basis.
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Vardhman Polytex Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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