Vaibhav Global Limited has informed the Exchange regarding Outcome of Board Meeting held on May 21, 2026.
VAIBHAVGBL · price
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Vaibhav Global reported audited consolidated FY2026 results with revenue from operations of Rs 3,69,179 lakhs, up 9.2% YoY from Rs 3,37,958 lakhs. Profit after tax surged 73.8% to Rs 26,613 lakhs from Rs 15,313 lakhs, driven by EBITDA of Rs 28,168 lakhs (up 40.7%). Exceptional items netted to Rs 17.53 lakhs, including a Rs 2,969.08 lakhs ERC grant income for Shop LC Global Inc., partly offset by Rs 2,501.55 lakhs goodwill impairment for Mindful Souls B.V. and Rs 450 lakhs loan impairment. The Board recommended a final dividend of Rs 1.50 per share (75% on face value Rs 2), bringing total FY2026 dividend to Rs 6.00 per share. A new deferred tax asset of Rs 4,670.93 lakhs was recognised on MAT credit under the new tax regime. US subsidiaries filed Rs 4,338.55 lakhs in import tariff refund claims as contingent assets. The 37th AGM is scheduled for 4th August 2026.
Strong bottom-line performance with PAT growth of ~74% driven by improved margins and one-time grant income. The goodwill impairment on the Netherlands subsidiary is a write-down but non-cash. Shareholders can expect the dividend payout subject to AGM approval.