Vardhman Textiles Q3 FY26: PAT falls 16% on one-time labour code cost

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹402.65

prior close

₹401.30

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-0.9% vs market

Other Textile Products peers, median of 176sector-1.3%-0.4% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 0.4 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.7-0.7-0.9-1.3-0.4

Next day

+3.6+0.2+3.4-0.2+3.8

-0.1-1.8+1.7-0.2+0.1

+3.1-1.6+4.7-0.4+3.5

+3.0+0.3+2.7+0.1+2.9

+2.7+0.2+2.5+0.0+2.7

+13.0-0.6+13.5-0.0+13.0

15d

+19.7+4.2+15.5+5.0+14.7

+32.1+2.8+29.3+3.2+28.9

+31.1-8.7+39.9-8.0+39.1

+39.0+5.9+33.1+3.2+35.8

UpDownMarket · Nifty Smallcap 250Sector · Other Textile Products peers, median of 176Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Vardhman Textiles Q3 FY26 standalone revenue grew 2% YoY to Rs 2,452 crore, but PAT fell 16.5% to Rs 169.95 crore versus Rs 203.56 crore last year. 9M FY26 PAT at Rs 560.96 crore versus Rs 650.10 crore. Margins compressed as employee costs rose, including a one-time Rs 23.58 crore past service cost from new Labour Codes. Consolidated Q3 PAT was Rs 168.50 crore versus Rs 211.77 crore. Company says US tariff impact is limited. Auditor Deloitte issued a clean limited review.

Likely market impact

Margin pressure from one-time labour cost and higher expenses. Modest revenue growth. Monitor US tariff impact on indirect exports.