Vardhman Textiles Recommends ₹5 Dividend, Reports FY26 Results
Vardhman Textiles Limited announced its audited financial results for FY26, reporting a total income of ₹9,927.75 crore and a profit after tax of ₹740.02 crore. The Board recommended a dividend of ₹5.00 per share. The company also incurred capital expenditure of ₹570 crore on new units and recognized ₹8.90 crore in past service costs.
The dividend recommendation and capital expenditure are positive developments, but the impact is moderate as it is a routine annual results disclosure with a standard dividend payout.
The company recommended a dividend and reported its annual results with an unmodified auditor's opinion. The capital expenditure indicates investment in future growth.
Vardhman Textiles Limited (VTL) announced its audited financial results for the financial year ended March 31, 2026. The Board of Directors, in its meeting held on May 7, 2026, approved these results and recommended a dividend of ₹5.00 per fully paid-up equity share. This dividend is subject to shareholder approval and will be paid within five days of the conclusion of the Annual General Meeting.
The company's financial statements were audited by Deloitte Haskins & Sells LLP, who provided an unmodified opinion on the results. The Board meeting commenced at 10:00 a.m. and concluded at 12:45 p.m. on May 7, 2026.
The financial results show that for the year ended March 31, 2026, the company reported total income of ₹9,927.75 crore and a profit after tax of ₹740.02 crore. For the quarter ended March 31, 2026, total income was ₹2,512.28 crore and profit after tax was ₹179.07 crore.
Significant capital expenditure was noted, with an increase in property, plant, and equipment mainly due to the capitalization of a new technical textile unit in Baddi and an additional processing line in Budhni, aggregating ₹570 crore. These commenced commercial production on March 1, 2026, and March 7, 2026, respectively.
Additionally, the company recognized past service costs amounting to ₹8.90 crore in the current quarter related to changes in salary structure, following an earlier recognition of ₹23.58 crore due to new labor codes. A reduction in tax expense was also observed, attributed to the reversal of income tax provisions of ₹16.98 crore due to the settlement of certain tax litigations.
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Vardhman Textiles Limited filed this with the NSE as a statutory disclosure, categorised under annual results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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