Vijay Solvex FY26 net profit rises 2.3% to ₹18.8 crore
Vijay Solvex Limited reported a 2.3% rise in FY26 net profit to ₹18.8 crore, supported by a 29.3% increase in revenue to ₹2,366.2 crore. The Edible Oils segment drove growth, while the board appointed a new cost auditor and noted a one-time impact from Labour Codes.
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Vijay Solvex Limited reported a 2.3% increase in net profit to ₹18.8 crore for the financial year ended March 31, 2026, driven by a 29.3% rise in revenue from operations to ₹2,366.2 crore. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026.
The standalone financial results reveal that revenue from operations for FY26 stood at ₹2,36,623.30 lakh, compared to ₹1,83,073.01 lakh in the previous year. Total income for the year rose to ₹2,36,957.03 lakh from ₹1,83,260.50 lakh in FY25. Net profit for the period increased to ₹1,879.56 lakh from ₹1,837.23 lakh in the corresponding period of the previous year. Basic earnings per share for the year improved to ₹58.71 from ₹57.39 in the prior year.
For the quarter ended March 31, 2026, the company reported a revenue from operations of ₹68,543.94 lakh, up from ₹47,641.97 lakh in the same quarter of the previous year. Net profit for the quarter stood at ₹656.53 lakh, compared to ₹392.02 lakh in the year-ago period. The board noted that the wind power generation plant located at village Hansua, district Jaisalmer, Rajasthan, is not in operation as it is not financially viable, though the impact on overall revenue is marginal.
Segment Performance
The Edible Oils segment remained the primary revenue driver, reporting segment revenue of ₹2,34,367.97 lakh for FY26, up from ₹1,81,161.91 lakh in the previous year. The Ceramics segment contributed ₹2,255.33 lakh to the revenue. Segment profit before tax and finance cost for Edible Oils was ₹3,318.75 lakh, while the Ceramics segment reported a profit of ₹28.93 lakh.
| Segment | Revenue FY26 (₹ in Lacs) | Revenue FY25 (₹ in Lacs) | Profit Before Tax FY26 (₹ in Lacs) |
|---|---|---|---|
| Edible Oils | 2,34,367.97 | 1,81,161.91 | 3,318.75 |
| Ceramics | 2,255.33 | 1,911.10 | 28.93 |
| Wind Power Generators | - | - | - |
Board Approvals
Based on the recommendation of the Audit Committee, the board approved the appointment of M/s Rajesh & Co., Cost Accountants, as the cost auditor for the financial year 2026-27. The firm, based in Jaipur, has been engaged in practice for 32 years. The board also submitted the necessary declarations and documents to BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The auditors, M/s Aggarwal Datta & Co., Chartered Accountants, issued an unmodified opinion on the audited standalone and consolidated financial results. The company noted an estimated one-time impact of ₹23.36 lakh during the year ended March 31, 2026, regarding the recognition of past service costs due to the notification of new Labour Codes by the Ministry of Labour and Employment.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE362D01010/b9ccbf82-f9fd-4976-b01d-eed62236308b.pdf
Historical Stock Returns for Vijay Solvex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.03% | +6.01% | +2.09% | -10.29% | -32.33% | -69.34% |
How will the company address the financial non-viability of the wind power plant in Rajasthan, and are there plans to divest or repurpose this asset?
Given the significant revenue growth in the Edible Oils segment, what strategies are in place to improve profit margins which currently appear thin relative to the turnover?
What is the expected financial impact of the new Labour Codes beyond the one-time recognition of past service costs, and how will it affect future operating expenses?
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