Vishal Fabrics Limited , a prominent player in the textile industry, has released its financial results for the first quarter ended June 30, alongside a corrigendum to correct a typographical error in its consolidated financial results disclosure.

Q1 Financial Performance

The company reported a standalone revenue from operations of Rs. 397.17 crore for Q1, showing a slight increase from Rs. 391.46 crore in the previous quarter. The profit for the period stood at Rs. 8.08 crore, up from Rs. 4.88 crore in the preceding quarter.

Consolidated Results and Corrigendum

Vishal Fabrics issued a corrigendum to rectify a typographical error in the Limited Review Report of Consolidated financial results, specifically concerning unreviewed financial information of three associates. The corrected figures show:

• Group's share of profit after tax: Rs. 9.16 crore
• Total comprehensive income: Rs. 9.18 crore

These figures pertain to the quarter ended June 30 and are based on unaudited financial information of the associates.

Key Financial Highlights

Other Notable Points

1. Warrant Conversion: During the quarter, the company converted 1,19,32,824 warrants into equity shares upon receipt of the balance 75% of the issue price from allottees.

2. Associates: The consolidated results include unreviewed financial information from three associates: Chiripal Textile Mills Private Limited, Nandan Industries Private Limited, and Quality Exim Private Limited.

3. Segment: Vishal Fabrics Limited operates in a single segment, namely Textile.

4. Equity Share Capital: The paid-up equity share capital (face value Rs. 5 each) increased to Rs. 104.77 crore as of June 30, from Rs. 98.81 crore in the previous quarter.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 8. The company's performance reflects resilience in the textile sector, with a notable improvement in profitability compared to the previous quarter.

Investors and stakeholders should note that these results are prepared in compliance with Indian Accounting Standards ("Ind-AS") as notified by the Ministry of Corporate Affairs.

Vishal Fabrics Limited , a prominent player in the textile industry, has reported a significant increase in its financial performance for the first quarter. The company's standalone net profit soared by 69% to ₹808.37 crore, compared to ₹477.83 crore in the same period last year.

Revenue Growth

The textile manufacturer saw a robust 17% year-on-year growth in revenue from operations, which rose to ₹39,716.82 crore from ₹33,991.60 crore. This substantial increase in revenue indicates strong demand for the company's products and effective market strategies.

Profitability and Earnings

The company's profitability showed marked improvement, with basic earnings per share (EPS) increasing to ₹0.39 from ₹0.21 in the previous year's quarter. This 86% jump in EPS reflects the company's enhanced operational efficiency and profit margins.

Financial Highlights

Operational Performance

Vishal Fabrics maintained its focus on the textile segment, which remains its primary area of operation. The company's cost of materials consumed stood at ₹35,874.63 crore, reflecting the scale of its manufacturing activities.

Capital Structure Update

During the quarter, Vishal Fabrics made significant changes to its capital structure. The company converted 1,19,32,824 warrants into equity shares upon receiving balance payments from allottees. This conversion is part of a larger issuance of 5,00,00,000 compulsorily convertible equity warrants, each with a face value of ₹5 and an issue price of ₹30.60 per warrant.

Management Commentary

Brijmohan Chiripal, Managing Director of Vishal Fabrics Limited, stated in the company's filing, "The Board of Directors has approved the unaudited financial results at a meeting held on August 8, 2025. We are pleased with the company's performance this quarter, which reflects our strong market position and operational efficiency."

Conclusion

Vishal Fabrics has demonstrated impressive growth in the first quarter, with significant increases in revenue and profit. The company's focus on operational efficiency and strategic capital structure changes positions it well in the competitive textile industry. Stakeholders will likely monitor the company's performance in subsequent quarters to assess its ability to maintain this strong momentum.