Submission of unaudited financial statement and limited review report for the quarter and half-year ended 30th September 2025.
Awaiting price reaction for this filing.
Virgo Polymers reported a sharp turnaround in Q2 FY26 with revenue from operations jumping to Rs. 6,226.42 lakhs from Rs. 2,329.10 lakhs in Q2 FY25, a growth of about 167%. The company swung back to a profit after tax of Rs. 10.85 lakhs in Q2 FY26, compared with a loss of Rs. 265.28 lakhs in the same quarter last year. For H1 FY26, total revenue stood at Rs. 7,955.12 lakhs and net profit at Rs. 18.34 lakhs. The balance sheet shows a big reduction in long-term borrowings from Rs. 3,918.02 lakhs to Rs. 205.62 lakhs, though short-term borrowings rose. Operating cash flow turned strongly positive at Rs. 3,227.51 lakhs versus a negative Rs. 1,905.76 lakhs in the previous year. The statutory auditors issued an unqualified limited review report.
Strong sequential and YoY revenue growth along with a return to profitability is a positive signal for shareholders, though margins remain very thin. The sharp reduction in long-term debt and improvement in operating cash flow strengthen the balance sheet, but the unusual negative other-income line in Q2 warrants a closer look.