Approval of the unaudited financial statement along with the Limited review report for the quarter ended 31.12.2025
Awaiting price reaction for this filing.
The Board of Virgo Polymers (India) Ltd approved the unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025) along with a clean limited review report from auditors Venkat & Rangaa LLP. Total revenue for Q3 FY26 stood at Rs. 4,050.17 lakhs, down 33% sequentially from Rs. 6,030.82 lakhs in Q2 FY26 and marginally lower than Rs. 4,136.43 lakhs in Q3 FY25. For the nine months ended Dec 2025, revenue grew a healthy 29% to Rs. 12,014.37 lakhs versus Rs. 9,286.03 lakhs a year ago. However, profitability collapsed: Q3 profit before tax was just Rs. 3.82 lakhs versus Rs. 470.85 lakhs in Q3 FY25, and nine-month PBT fell to Rs. 22.19 lakhs from Rs. 41.83 lakhs. Basic and diluted EPS for the quarter was Rs. 0.11. The company operates in a single segment — manufacturing of Flexible Intermediate Bulk Containers (FIBCs).
Despite strong nine-month revenue growth, the near-flat Q3 profit and sharp year-on-year profit decline signal severe margin compression, which is likely to weigh negatively on the stock in the near term. Investors should watch for the full-year results and management commentary on input costs, pricing, and order book to gauge whether the Q3 weakness is a one-off or a trend.