Quarterly Result11 Aug 2026, 09:40 am
Vardhman Polytex Reports 757% YoY Profit Growth, ₹309.55 Cr Debt Settlement Gain
AI Summary
Vardhman Polytex Ltd announced a significant financial turnaround for the quarter ended June 30, 2026. The company reported a 757% year-on-year growth in profit, reaching ₹1.63 Crore from ₹0.19 Crore in the same period last year. Sequentially, profit grew by 85% to ₹1.63 Crore from ₹0.88 Crore in March 2026. A major highlight was an exceptional gain of ₹309.55 Crore from the full and final settlement of its outstanding debt with Phoenix ARC, facilitated by the issuance of ₹75 Crores in Secured NCDs and ₹15 Crores in OCDs. The company is also pursuing monetization of approximately 26 acres of land at its Ludhiana Unit.
Key Highlights
- Profit surged 757% YoY to ₹1.63 Cr for Q1 FY27.
- Exceptional gain of ₹309.55 Cr from debt settlement with Phoenix ARC.
- Secured NCDs and OCDs totaling ₹90 Cr were issued.
- Company is monetizing land assets at its Ludhiana Unit.
- Strengthened financial position for sustainable long-term growth.
Price Impact
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