Valiant Communications Ltd , a leading manufacturer of telecom transmission equipment, has reported a robust financial performance for the second quarter of the fiscal year 2025-26. The company's consolidated net profit surged by 89% to ₹53 crore, compared to ₹28 crore in the same period last year.

Key Financial Highlights

• Net Profit: ₹53.00 crore (Q2 FY2025-26) vs ₹28.00 crore (Q2 FY2024-25)
• EBITDA: Increased to ₹69.00 crore from ₹38.00 crore year-on-year
• EBITDA Margin: Improved to 34.38% from 30.14% in the previous year's corresponding quarter

Revenue Growth

The company's consolidated revenue from operations showed significant growth, reaching ₹2,016.75 crore for the quarter ended September 30, 2025. This represents a substantial increase from ₹1,272.15 crore in the same quarter of the previous year.

Segment-wise Performance

Valiant Communications' segment-wise revenue breakdown for Q2 FY2025-26 is as follows:

Balance Sheet Strength

As of September 30, 2025, Valiant Communications maintained a strong balance sheet position:

• Total Assets: ₹8,536.30 crore
• Total Equity: ₹7,181.71 crore
• Cash and Cash Equivalents: ₹858.36 crore

Future Outlook

The company's strong performance in Q2, coupled with its robust balance sheet, positions Valiant Communications well for future growth. As an ISO 9001:2015 and 14001:2015 certified telecom transmission equipment manufacturer with installations in over 110 countries, the company appears well-positioned in the global telecom sector.

Investors and stakeholders will likely keep a close watch on Valiant Communications' performance in the coming quarters to see if this growth trajectory continues.

Valiant Communications Limited has received in-principle approval from the BSE for a preferential issue of warrants. The company plans to issue 6,00,000 warrants convertible into equity shares at Rs. 768.00 per share to non-promoters.

Key Details of the Warrant Issue

The warrant issue is valued at approximately Rs. 46.08 crore. Each warrant carries the right to be converted into one equity share with a face value of Rs. 10.00.

Allocation of Warrants

The warrants will be allocated to six investors as follows:

Additional Board Decisions

Previously, the Board of Directors had taken several important steps in connection with this preferential issue:

1. Constituted a Preferential Issue Committee to oversee and manage all necessary actions related to the issue.
2. Approved a draft postal ballot notice to seek shareholder approval for the preferential issue.

Regulatory Compliance

The issue price of Rs. 768.00 per warrant has been determined in accordance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and applicable provisions of the Companies Act, 2013.

Next Steps

While Valiant Communications Limited has received in-principle approval from the BSE, the preferential issue remains subject to shareholders' approval, which will be sought through a postal ballot. The company will provide further details on the conversion of securities or the lapse of the tenure of the instrument as required.

This move by Valiant Communications Limited indicates an effort to raise capital. The company has not provided specific information on how the funds will be utilized.