Vapi Enterprise Limited , a company listed on the Indian stock market, has released its unaudited standalone financial results for the half-year ended September 30, 2025. The report, approved by the company's Board of Directors, reveals a significant decrease in both net profit and total income compared to the previous period.

Financial Highlights

Key Points

• The company's net profit saw a substantial decline of 55.2%, dropping from Rs 135.50 lakhs in the previous period to Rs 60.69 lakhs.
• Total income decreased by 42.1%, from Rs 377.29 lakhs to Rs 218.50 lakhs.
• Despite the overall financial downturn, cash and bank balances showed a slight improvement, increasing from Rs 339.66 lakhs to Rs 346.58 lakhs.
• The paid-up equity share capital remains unchanged at Rs 228.15 lakhs, with a face value of Rs 10 per share.

Auditor's Observations

The auditor's review report highlighted two significant issues:

1. Non-compliance with Indian Accounting Standard (IndAS-19) on Employee Benefits.
2. The company's accounting software lacks audit trail recording features.

These observations raise concerns about the company's adherence to accounting standards and the robustness of its financial reporting systems.

Corporate Disclosure

As per the LODR (Listing Obligations and Disclosure Requirements) data, the company held its Board meeting on November 8, 2025, from 11:00 AM to 1:00 PM. During this meeting, the Board approved the unaudited financial results for the half-year ended September 30, 2025, along with the Limited Review Report from the Statutory Auditors.

The financial results and the auditor's observations indicate challenges for Vapi Enterprise Limited. The significant decline in both net profit and total income may require the company to reassess its strategies and operations. Additionally, addressing the auditor's concerns regarding accounting standards compliance and software capabilities could be crucial for improving financial reporting.

Vapi Enterprise , formerly known as Vapi Paper Mills Ltd, has released its unaudited financial results for the first quarter, revealing a decline in both revenue and profit compared to the same period last year.

Financial Performance

The company's Board of Directors approved the unaudited financial results for the quarter ended June 30 at a meeting held on August 11. Here are the key highlights:

Revenue and Profit Analysis

Vapi Enterprise experienced a significant decrease in its total income, which fell from Rs. 61.74 lacs in the previous year's quarter to Rs. 50.25 lacs in the current quarter, representing an 18.61% decline. Despite a reduction in total expenses from Rs. 51.56 lacs to Rs. 39.75 lacs, the company's net profit after tax decreased by 22.22%, from Rs. 35.68 lacs to Rs. 27.75 lacs.

Earnings Per Share

The company's earnings per share (EPS) for both basic and diluted calculations stood at Rs. 1.22 for the current quarter, compared to Rs. 1.74 in the same quarter of the previous year, showing a decrease of 29.89%.

Capital Structure

Vapi Enterprise maintains a paid-up equity share capital of Rs. 228.15 lacs, with shares having a face value of Rs. 10 each.

Operational Details

The company operates in a single business segment, as disclosed in the notes to the financial results. The unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013.

Board Meeting and Audit Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on August 11. The meeting commenced at 1:00 PM and concluded at 2:30 PM. The statutory auditors of the company have carried out a limited review of these results, as per regulatory requirements.