Vinyoflex Limited reported a 35% year-on-year increase in net profit to ₹83.6 lakh for the quarter ended June 30, 2026, driven by improved operational efficiency and reduced interest expenses. The company’s revenue from operations rose 4% to ₹941.1 lakh, reflecting steady demand in its single-segment PVC film business. Basic earnings per share (EPS) climbed to ₹1.94 from ₹1.43 in the corresponding period last year, signaling stronger profitability for shareholders.

The Board of Directors approved the standalone unaudited financial results on July 30, 2026, during a meeting at its registered office in Rajkot. The results were reviewed by statutory auditor M/s. Bhavin Associates under Standard on Review Engagement (SRE) 2400. Certification was provided by Chief Executive Officer Rahul Mansukhbhai Patel and Chief Financial Officer Kiritbhai B. Makadia under Regulation 33(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Key Financial Highlights

Revenue growth remained modest as other income declined to ₹7.6 lakh from ₹14.8 lakh in Q1FY26. However, cost controls helped preserve margins, with total expenses rising only marginally to ₹837.1 lakh compared to ₹834.3 lakh previously.

What the Numbers Show

A notable shift in Vinyoflex’s cost structure is the complete elimination of finance costs, which stood at ₹0.8 lakh in Q1FY26 but dropped to zero in Q1FY27. This improvement coincided with a significant reduction in trade receivables, which fell to ₹1,197.3 lakh from ₹1,385.9 lakh at the end of FY26. The decline in receivables suggests tighter credit management or faster collections, reducing working capital pressure. Meanwhile, cash and cash equivalents surged to ₹806.7 lakh from ₹442.8 lakh, enhancing liquidity.

Inventory levels increased to ₹774.2 lakh from ₹727.6 lakh, indicating potential buildup ahead of anticipated demand or production cycles. Despite this, the change in inventories contributed positively to profit before tax, showing efficient stock utilization. Deferred tax liabilities remained stable at ₹44.8 lakh, while provisions for current liabilities rose to ₹53.6 lakh from ₹9.6 lakh, possibly reflecting updated risk assessments.

Balance Sheet Position

Total assets expanded to ₹3,999.9 lakh from ₹3,793.8 lakh, primarily due to higher current assets. Non-current assets decreased slightly to ₹1,168.6 lakh, with property, plant, and equipment falling to ₹641.5 lakh from ₹654.3 lakh. Investments remained unchanged at ₹501.3 lakh. On the liability side, equity grew to ₹3,685.3 lakh, bolstered by retained earnings, while borrowings remained nil, underscoring a debt-free balance sheet.

The company operates exclusively in the PVC film segment, making segment reporting under Accounting Standard 17 inapplicable. Previous figures have been regrouped where necessary, and results comply with Indian Accounting Standards (Ind-AS) prescribed under Section 133 of the Companies Act, 2013.

Vinyoflex Limited reported a net profit of ₹428.66 lakh for the financial year ended March 31, 2026, reflecting an increase from ₹346.65 lakh in the previous year. Total income from operations for the year stood at ₹4023.13 lakh, compared to ₹4182.66 lakh in the corresponding period of the previous year. The company's earnings per share (EPS) for the year improved to ₹7.43 from ₹5.98 in the prior year.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹143.67 lakh, up from ₹58.30 lakh in the same quarter of the previous year. Total income from operations for the quarter was ₹1179.52 lakh, compared to ₹1072.98 lakh in the corresponding quarter of the previous year. The EPS for the quarter rose to ₹2.50 from ₹1.02.

The paid-up equity share capital remained unchanged at ₹431.90 lakh. Reserves, excluding revaluation reserve, stood at ₹3169.77 lakh as of March 31, 2026, compared to ₹2848.76 lakh in the previous year. The company operates in a single segment, PVC Film, and therefore segment reporting under Accounting Standard 17 is not applicable.

The audited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on May 27, 2026. The statement has been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. Previous quarterly and yearly figures have been regrouped or reclassified wherever necessary.

Financial Results Summary