Veekayem Fashion FY26 net profit rises 31% to ₹1,002.92 lakh
Veekayem Fashion and Apparels Limited reported a 31.2% increase in net profit for the financial year ended March 31, 2026, reaching ₹1,002.92 lakh. Revenue from operations grew 13.5% to ₹36,470.70 lakh, driven by higher sales. The Board approved the audited standalone and consolidated financial results, with the statutory auditor issuing an unmodified opinion.
*this image is generated using AI for illustrative purposes only.
Veekayem Fashion and Apparels Limited reported a 31.2% rise in net profit for the financial year ended March 31, 2026, to ₹1,002.92 lakh, compared to ₹764.35 lakh in the previous year. Revenue from operations increased 13.5% to ₹36,470.70 lakh from ₹32,129.46 lakh in FY25, driven by higher sales in the textile and garments manufacturing segment. The company’s earnings per share (EPS) for the year stood at ₹16.63 on a basic and diluted basis, up from ₹13.01 and ₹12.44 respectively in the prior year.
The Board of Directors approved the standalone and consolidated audited financial results for the half year and financial year ended March 31, 2026, at a meeting held on May 30, 2026. M/s. Mittal & Associates, Statutory Auditors, issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for insiders will open 48 hours after the declaration of the financial results.
Financial Performance
Total expenses for FY26 rose to ₹35,170.92 lakh from ₹31,200.28 lakh in the previous year, primarily due to increased costs of materials consumed, which stood at ₹30,256.61 lakh. Finance expenses increased to ₹1,266.40 lakh from ₹1,178.96 lakh. Profit before tax for the year was ₹1,421.61 lakh, compared to ₹963.93 lakh in FY25. The tax expense for the year included a current tax of ₹303.97 lakh and a deferred tax of ₹121.71 lakh.
| Particulars | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 36,470.70 | 32,129.46 |
| Total Income | 36,592.53 | 32,164.21 |
| Total Expenses | 35,170.92 | 31,200.28 |
| Profit Before Tax | 1,421.61 | 963.93 |
| Net Profit | 1,002.92 | 764.35 |
| Basic EPS (₹) | 16.63 | 13.01 |
Capital Allocation and Cash Flows
The company fully utilized the issue proceeds amounting to ₹2,041.26 lakh as of March 31, 2026. The funds were entirely deployed towards working capital requirements (₹1,735.07 lakh) and general corporate purposes (₹306.19 lakh). Share capital increased to ₹693.61 lakh from ₹587.57 lakh, following the preferential allotment of 10,60,392 equity shares at an issue price of ₹192.50 per share, aggregating to ₹20,41,25,460.
Cash flow from operating activities resulted in a net outflow of ₹484.40 lakh, compared to a net inflow of ₹340.30 lakh in the previous year. The company utilized ₹1,777.86 lakh in investing activities, primarily for additions to property, plant, and equipment. Financing activities generated a net cash inflow of ₹2,254.00 lakh, driven by proceeds from the issue of shares and share warrants amounting to ₹1,465.58 lakh and proceeds from short-term borrowings of ₹2,398.76 lakh. Cash and cash equivalents at the end of the period stood at ₹22.02 lakh.
Historical Stock Returns for Veekayem Fashion & Apparels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | +5.31% | +15.41% | -38.56% | -44.00% | +264.32% |
How does Veekayem Fashion plan to address the negative operating cash flow amidst rising net profits?
What is the company's strategy for managing the increased material costs that drove total expenses up?
Will the significant capital expenditure on property, plant, and equipment lead to a corresponding increase in production capacity?
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