VTM Limited reported a 75.3% decline in Profit After Tax (PAT) to ₹1119.58 lakhs for the financial year ended March 31, 2026, despite revenue rising 7.97% to ₹37198.13 lakhs. The company attributed the significant drop in profitability to exceptional tariff burdens and adverse global trade conditions arising from geopolitical conflicts and war-related disruptions.

Revenue from operations for the year stood at ₹37198.13 lakhs, compared to ₹34452.68 lakhs in the previous year. Export turnover accounted for 61.84% of total turnover at ₹23003.63 lakhs, while domestic sales reached ₹14194.5 lakhs. The Home Textiles segment contributed ₹19197.67 lakhs to the sales turnover. The company maintained export sales at previous levels, safeguarding its market presence amidst global volatility.

Financial Performance

The company’s financial performance reflected the resilience of its diversified business model, though external headwinds impacted margins. Profit before depreciation and interest fell to ₹2934 lakhs from ₹6994 lakhs in the prior year. After accounting for depreciation of ₹1135 lakhs and an exceptional item of ₹302 lakhs, the profit before tax was ₹1496.39 lakhs. Total tax provisions for the year amounted to ₹376.35 lakhs.

Operational Highlights

During the year, the company focused on strengthening its manufacturing capabilities and operational efficiency. It installed new machinery, including 190cm ITEMA Rapier looms and PICANOL OPTIMAX looms, to meet global market requirements for leno selvedge and floral jacquard fabrics. The company also invested in safety measures, installing a fire hydrant system at a cost of ₹0.92 Cr.

On the sustainability front, the company maximised the usage of green energy, utilising windmills and solar plants with a total capacity of 6.31 MW. It produced 94.31 lakh units of green energy from its own infrastructure and purchased 32.37 lakh units from the market. Additionally, the installation of energy-efficient compressors and fans resulted in daily energy savings of 390 units.

Corporate Governance and Approvals

The Board of Directors has recommended the ratification of the Cost Auditor's remuneration. Mr. A. N. Raman has been appointed as the Cost Auditor for the financial year 2026-27 at a remuneration of ₹70000, subject to shareholder ratification. The Board also decided not to recommend any dividend for the financial year under review, prioritising ongoing expansion initiatives and long-term growth requirements.

The statutory auditors, M/s CNGSN & Associates LLP, issued an unqualified opinion on the financial statements. The company remains compliant with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

VTM Ltd has closed its trading window for all Directors, Designated Employees, Connected Persons, and their immediate relatives effective July 1, 2026. This measure is implemented to ensure compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended. The restriction will remain in force until the expiry of 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026.

The closure of the trading window is a standard procedural requirement intended to prevent insider trading during the period leading up to the announcement of financial results. By restricting transactions in equity shares during this sensitive timeframe, the company aims to uphold market integrity and protect the interests of investors.

The specific date for the Board Meeting, where the financial results for the quarter ended June 30, 2026, will be considered, has not yet been announced. The company stated that this information will be intimated separately in due course.

Key Details of the Trading Window Closure