Vikram Thermo (India) Limited reported a 67% year-on-year increase in net profit to ₹132.8 crore for the quarter ended June 30, 2026, driven by robust revenue growth in its single reportable segment, pharma polymers. The Ahmedabad-based manufacturer saw revenue from operations rise 33% to ₹378.7 crore, reflecting strong demand for its specialty polymers. This performance underscores the company's operational efficiency, with profit before tax jumping 68% to ₹179.0 crore compared to ₹106.6 crore in the corresponding quarter of FY26.

The financial results were approved by the Board of Directors during a meeting held on August 11, 2026, at the company's registered office. The statutory auditor, J.T. Shah & Co., issued a limited review report on the standalone unaudited financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing was submitted to BSE Limited by Chairman & Managing Director Dhirajlal K Patel.

Financial Performance Highlights

The company’s total income rose to ₹387.6 crore from ₹287.8 crore in Q1FY26. While cost of materials consumed increased to ₹121.4 crore from ₹105.8 crore, the company managed to reduce other expenditure significantly to ₹57.4 crore from ₹93.2 crore in the previous quarter (March 2026) and ₹45.7 crore in Q1FY26. Employee benefit expenses remained stable at ₹36.8 crore. Earnings per share (EPS) stood at ₹4.24, up from ₹2.53 in the same period last year.

Governance and Director Re-appointments

Alongside the financial results, the Board addressed key governance matters. It approved the re-appointment of two executives as Whole-Time Directors for a five-year term, effective August 13, 2026, subject to shareholder approval at the Annual General Meeting (AGM). The appointments follow the completion of their existing terms.

• Dineshkumar Patel: Holds an M.Sc. and Ph.D., with extensive experience in production and R&D.
• Ankur Dhirajlal Patel: A chemical engineer with a master’s in polymer science from the USA, experienced in marketing and R&D. He is the son of Managing Director Dhirajlal Patel.

AGM and Compliance Updates

The Board approved the draft notice for the 32nd Annual General Meeting, including the Board’s Report, Corporate Governance Report, and Secretarial Audit Report. M/s A Shah & Associates, Practicing Company Secretary, was appointed as the scrutinizer for the AGM. The company also approved the cost audit report for FY26. These filings comply with Regulation 30 and Regulation 33 of SEBI’s LODR Regulations, ensuring transparency in corporate governance and financial disclosures.

Mrs. Rachana Vikalp Patel has increased her shareholding in Vikram Thermo (India) Limited to 66.01% following an acquisition of 7,50,000 equity shares through an off-market inter-se transfer. The transaction, executed on June 24, 2026, involved a gift of shares and was disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the acquisition, the acquirer along with persons acting in concert held 1,99,48,187 shares, accounting for 63.61% of the total paid-up voting capital. The transfer of 7,50,000 shares, representing 2.39% of the capital, has raised the combined post-acquisition stake to 2,06,98,187 shares. The transferor belongs to the promoter or promoter group of the company.

Shareholding Details

The disclosure outlines the shift in ownership structure resulting from the inter-se transfer. The total equity share capital of the target company remains unchanged at 3,13,57,850 equity shares of ₹10 each, aggregating to ₹313578500.

The acquisition was executed entirely through shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction. The diluted share capital remains identical to the total voting capital as there are no outstanding convertible instruments.