Vashu Bhagnani Industries Board Approves Q4FY26 Results and Strategic Initiatives

Vashu Bhagnani Industries Limited announced the outcome of its board meeting held on April 10, 2026, where directors approved audited financial results for Q4FY26 and the year ended March 31, 2026. The company also made several strategic decisions including director appointments, exchange listing plans, and overseas expansion authorization.

Q4FY26 Financial Performance

The company's standalone financial results for Q4FY26 showed mixed performance across different metrics. Revenue from operations declined significantly to ₹6.69 lakhs compared to ₹73.06 lakhs in Q4FY25, while total revenue increased to ₹279.56 lakhs versus ₹90.50 lakhs in the previous year's quarter.

Metric	Q4FY26 (Standalone)	Q4FY25 (Standalone)	FY26 (Standalone)	FY25 (Standalone)
Revenue from Operations	₹6.69 lakhs	₹73.06 lakhs	₹709.22 lakhs	₹911.03 lakhs
Total Revenue	₹279.56 lakhs	₹90.50 lakhs	₹996.46 lakhs	₹947.28 lakhs
Net Profit/(Loss)	₹7.42 lakhs	₹(348.67) lakhs	₹140.66 lakhs	₹27.70 lakhs
Earnings Per Share	₹0.01	₹(0.55)	₹0.22	₹0.04

Board Decisions and Strategic Initiatives

The board approved several key strategic initiatives during the meeting. Mr. Ashish Radheyshyam Goyal was appointed as Additional Independent Director for a five-year term, subject to shareholder approval. The company also received board approval for direct listing on National Stock Exchange of India Limited without any public offering.

Strategic Initiative	Details
Director Appointment	Mr. Ashish Radheyshyam Goyal as Independent Director
NSE Listing	Direct listing without public offering
UK Investment Authorization	Up to ₹50,00,00,000 for construction and real estate
Board Meeting Duration	5:00 PM to 7:30 PM on April 10, 2026

Consolidated Financial Results

For consolidated results, the company reported Q4FY26 revenue from operations of ₹230.94 lakhs compared to ₹448.15 lakhs in Q4FY25. The consolidated net loss for Q4FY26 stood at ₹231.31 lakhs versus a profit of ₹88.00 lakhs in the previous year's quarter.

Full Year Performance Overview

For the complete financial year FY26, the company achieved standalone net profit of ₹140.66 lakhs compared to ₹27.70 lakhs in FY25. Consolidated net profit reached ₹313.09 lakhs for FY26 against ₹624.76 lakhs in the previous year, with consolidated earnings per share at ₹0.49.

Overseas Expansion Plans

The board authorized strategic expansion including overseas investments up to ₹50 crores in the United Kingdom for construction and real estate development projects. The company will identify and evaluate suitable business opportunities in these sectors and make requisite disclosures upon project finalization.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-13.68%	+78.24%	-6.31%	-15.05%	+34.54%

Vashu Bhagnani Industries Limited has announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, demonstrating strong operational performance across both standalone and consolidated operations. The company, formerly known as Pooja Entertainment and Films Limited, operates primarily in the films distribution and production segment.

Financial Performance Overview

The company delivered robust results for Q3FY26, with significant improvements in profitability metrics. The Board of Directors approved these unaudited results at their meeting held on February 12, 2026, which commenced at 4:00 PM and concluded at 5:30 PM.

Q3FY26 Quarterly Results

Metric	Standalone (₹ Lakhs)	Consolidated (₹ Lakhs)
Total Revenue	671.35	889.27
Revenue from Operations	663.10	888.16
Other Income	8.25	1.11
Total Expenses	503.12	519.62
Profit Before Tax	168.23	369.65
Net Profit After Tax	121.57	306.59
Basic and Diluted EPS (₹)	0.19	0.48

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company maintained strong momentum across all key financial parameters.

Nine-Month Results Comparison

Parameter	Standalone FY26 (₹ Lakhs)	Standalone FY25 (₹ Lakhs)	Consolidated FY26 (₹ Lakhs)	Consolidated FY25 (₹ Lakhs)
Total Revenue	716.90	856.78	1,217.82	1,192.56
Net Profit	133.24	376.37	544.40	536.76
Basic EPS (₹)	0.21	0.59	0.85	0.84

Operational Highlights

The company's cost structure showed effective management during the quarter. Cost of production and distribution of films stood at ₹456.65 lakhs on both standalone and consolidated basis. Employee benefits expense was ₹11.60 lakhs for standalone operations and ₹43.94 lakhs for consolidated operations.

Key Expense Categories (Q3FY26)

Expense Type	Standalone (₹ Lakhs)	Consolidated (₹ Lakhs)
Cost of Production & Distribution	456.65	456.65
Employee Benefits	11.60	43.94
Finance Costs	0.16	0.35
Legal & Professional	2.27	2.80
Other Expenses	31.98	14.89

Corporate Structure and Subsidiaries

The consolidated results include performance from the company's subsidiaries: Modern Production FZ LLC UAE (foreign subsidiary) and Pooja Leisure and Lifestyle (Indian partnership firm). The subsidiaries contributed total income of ₹225.18 lakhs and net profit of ₹167.24 lakhs for the quarter.

Capital Structure

The company's paid-up equity share capital remained stable at ₹6,395.35 lakhs with face value of ₹10 per share. Other equity excluding revaluation reserves stood at ₹7,932.97 lakhs as of March 31, 2025.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standard (Ind AS) 34 "Interim Financial Reporting" and comply with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The results were reviewed by D S M R & Co, Chartered Accountants, who issued unmodified review reports for both standalone and consolidated financials.