Vardhman Holdings Reports 28% Surge in Q2 Profit, Driven by Strong Dividend Income

Vardhman Holdings Limited, a prominent investment company, has reported a significant increase in its quarterly profit, showcasing robust financial performance for the quarter ended September 30, 2025. The company's focus on earning income through dividends, interest, and gains on investments has yielded positive results.

Financial Highlights

Particulars (in Rs. Crores)	Q2 FY2026	Q2 FY2025	YoY Change
Revenue from Operations	44.47	40.74	9.16%
Profit After Tax	33.21	25.99	27.78%
Earnings Per Share (Rs.)	104.03	81.43	27.75%

Vardhman Holdings reported a standalone profit after tax of Rs 33.21 crores for the quarter ended September 30, 2025, marking a substantial 27.78% increase from Rs 25.99 crores in the same period last year. The company's revenue from operations rose to Rs 44.47 crores, up 9.16% from Rs 40.74 crores in the corresponding quarter of the previous year.

Key Performance Drivers

The company's impressive performance was primarily driven by strong dividend income, which stood at Rs 45.13 crores for the quarter. This significant dividend income was partially offset by a net loss of Rs 0.77 crores on fair value changes.

Half-Year Performance

For the half-year period ended September 30, 2025, Vardhman Holdings' profit increased to Rs 35.87 crores, compared to Rs 30.48 crores in the previous year, reflecting a growth of 17.68%.

Earnings Per Share and Total Comprehensive Income

The company's earnings per share (EPS) for the quarter improved to Rs 104.03, up from Rs 81.43 in the same quarter last year. Total comprehensive income for the quarter stood at Rs 63.10 crores, benefiting from gains on fair valuation of equity instruments.

Management Approval

The Board of Directors of Vardhman Holdings Limited approved these unaudited financial results in their meeting held on November 10, 2025, as stated in the company's regulatory filing.

Company Profile

Vardhman Holdings Limited operates as an investment company, focusing on earning income through dividends, interest, and gains on investments held. The company's strategic investment approach continues to yield positive results, as evidenced by its strong financial performance.

The robust quarterly results underscore Vardhman Holdings' effective investment strategy and its ability to generate substantial returns for its shareholders. As the company maintains its focus on dividend income and strategic investments, it remains well-positioned to capitalize on market opportunities and deliver value to its investors.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.08%	-0.25%	-0.96%	-8.44%	-24.72%	+172.11%

Vardhman Holdings Limited, a prominent investment company, has made significant moves in its corporate governance and released its financial results for the first quarter.

Board Appointments

The Board of Directors of Vardhman Holdings Limited has appointed two new Independent Directors for a term of three years, effective August 5, 2025, subject to shareholder approval:

Dr. Parampal Singh (DIN: 07995388)
- Holds M.Sc. in Microbiology, MBA in Marketing, and Ph.D. in Marketing
- Over 25 years of teaching experience and 14 years in research
- Currently serves as Head of Department and Professor at Guru Nanak Dev Engineering College, Ludhiana
- Authored over 40 research papers and 15 books in management
Mrs. Anila Nair (DIN: 11225724)
- Master's degree in Economics with UGC-NET qualification
- Over 28 years of teaching experience
- Recognized as one of the "Top 10 Most Influential Educational Leaders 2025"
- Recipient of the Best Principal Award (Regional) in 2022 from Science Olympiad Foundation

Both directors have no pecuniary relationships with other company directors and are not debarred from holding directorial positions.

Q1 Financial Highlights (Standalone)

Vardhman Holdings Limited has reported its unaudited financial results for the quarter ended June 30:

Particulars (in Rs. Crores)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue from Operations	3.41	6.60	-48.33%
Total Income	3.86	7.04	-45.17%
Profit Before Tax	3.54	5.76	-38.54%
Profit After Tax	2.66	4.49	-40.76%
Earnings Per Share (Rs.)	8.36	14.07	-40.58%

The company's revenue from operations decreased by 48.33% year-over-year, primarily due to lower net gains on fair value changes. Despite the decline in revenue, Vardhman Holdings maintained profitability, with a profit after tax of Rs. 2.66 crores for the quarter.

Q1 Financial Highlights (Consolidated)

On a consolidated basis, which includes the company's share in its associates, Vardhman Holdings reported:

Particulars (in Rs. Crores)	Q1 FY2026	Q1 FY2025	YoY Change
Total Income	3.86	7.04	-45.17%
Share of Profit of Associates	59.92	68.64	-12.70%
Profit After Tax	62.58	73.13	-14.43%
Earnings Per Share (Rs.)	196.08	229.14	-14.43%

The consolidated results show a more robust performance, with a significant contribution from the company's associates. Despite a 14.43% year-over-year decrease in consolidated profit after tax, the company maintained strong earnings per share of Rs. 196.08.

Vardhman Holdings Limited continues to focus on its core business as an investment company, with its performance closely tied to the success of its investment portfolio and associated companies. The new board appointments are expected to bring fresh perspectives and expertise to guide the company's future strategies and growth.