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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Vandan Foods Ltd reported strong H1 FY26 results with revenue from operations rising to Rs 9,873.42 lakhs, up about 82% from Rs 5,415.26 lakhs in H1 FY25. Profit after tax more than doubled to Rs 418.34 lakhs (from Rs 205.63 lakhs), translating to EPS of Rs 6.55. The balance sheet expanded sharply (total assets rose to Rs 10,924 lakhs from Rs 4,883 lakhs), supported by fresh equity infusion of Rs 3,036 lakhs, likely from the company's recent IPO. However, operating cash flow remained deeply negative at Rs -2,441.16 lakhs, reflecting heavy working capital build-up in inventory and receivables. The statutory auditor (Piyush Kothari & Associates) issued an unqualified limited review report with no qualifications.
Strong top-line and bottom-line growth is positive for shareholders, likely reflecting post-IPO scale-up of the food business. The negative operating cash flow and rising receivables/inventory are watchpoints — the company is currently funding growth out of IPO proceeds and short-term borrowings rather than operations.