Vaswani Industries FY26 profit falls 51%, approves preferential issue
Vaswani Industries Limited reported a 51% decline in net profit to ₹424.35 lakh for FY26, despite a 13.5% rise in revenue to ₹46,737.09 lakh, driven by increased expenses. The board approved the audited standalone financial results and a preferential issue of 16.45 lakh equity shares at ₹60 each to promoters, aggregating ₹9.87 crore.
*this image is generated using AI for illustrative purposes only.
Vaswani Industries Limited reported a 51% decline in net profit to ₹424.35 lakh for the financial year ended March 31, 2026, despite a 13.5% increase in revenue from operations to ₹46,737.09 lakh. Total income for the year rose to ₹46,819.90 lakh from ₹41,400.76 lakh in the previous year, while total expenses increased to ₹45,418.66 lakh from ₹39,730.97 lakh in FY25. Profit before tax stood at ₹1,401.25 lakh, compared to ₹1,316.85 lakh in the prior year. The basic earnings per share for FY26 was ₹1.31, down from ₹2.81 in the previous year.
In the quarter ended March 31, 2026, the company reported a net profit of ₹539.35 lakh, a significant turnaround from the net loss of ₹796.42 lakh in the quarter ended December 31, 2025. Revenue from operations for the quarter was ₹14,388.62 lakh. The statutory auditors, M/s Amitabh Agrawal & Co., issued an unmodified opinion on the audited standalone financial results.
Preferential Issue Details
The board approved the proposal to raise funds up to ₹9.87 crore by issuing equity shares on a preferential basis, subject to shareholder and regulatory approvals. The issuance includes 16,45,000 equity shares of face value ₹10 each at a price of ₹60 per share to promoter group members and other individuals as listed below:
| Sr. No. | Name of Proposed Allottees | No. of Shares to be Allotted |
|---|---|---|
| 1 | Mr. Ravi Vaswani | 394,460 |
| 2 | Mr. Yashwant Vaswani | 394,450 |
| 3 | Mr. Kushal Vaswani | 394,450 |
| 4 | Smt. Manisha Vaswani | 153,845 |
| 5 | Smt. Sudha Vaswani | 153,845 |
| 6 | Smt. Tanya Vaswani | 76,975 |
| 7 | Smt. Jyotsna Vaswani | 76,975 |
Segment Performance
The Iron & Steel segment reported revenue of ₹42,788.25 lakh for the year, while the Power segment contributed ₹4,031.64 lakh. The Iron & Steel segment recorded a profit after tax of ₹813.87 lakh, whereas the Power segment reported a profit after tax of ₹2,344.54 lakh. Total assets as of March 31, 2026, stood at ₹50,831.49 lakh, an increase from ₹36,190.29 lakh in the previous year.
Historical Stock Returns for Vaswani Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.02% | +13.04% | +6.25% | +12.74% | +31.69% | +337.56% |
What specific factors caused the sharp decline in net profit despite the increase in revenue and total income?
How will the proceeds from the ₹9.87 crore preferential issue be utilized to improve future profitability?
What strategic initiatives are planned to narrow the widening gap between revenue growth and operating expenses?
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