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Awaiting price reaction for this filing.
Variman Global Enterprises' board approved unaudited standalone and consolidated results for Q2 and H1 FY26 ended September 30, 2025, reviewed by M M Reddy & Co. with an unqualified review report. On a standalone basis, H1 FY26 revenue from operations rose about 28% year-on-year to ₹38.87 crore (from ₹30.33 crore), while H1 profit after tax jumped sharply to ₹1.92 crore from ₹0.18 crore, driven by a swing to a profit before tax of ₹2.43 crore versus a loss of ₹0.23 crore last year. However, Q2 standalone was weak, with revenue falling roughly 35% YoY to ₹15.26 crore and PAT virtually flat at ₹0.03 lakh. On a consolidated basis, H1 revenue dipped marginally to ₹54.47 crore from ₹55.67 crore, but PAT surged to ₹2.05 crore from ₹0.59 crore. Standalone operating cash flow was negative ₹0.71 crore, though consolidated operating cash flow was positive ₹1.77 crore.
The strong H1 PAT turnaround and revenue growth on a standalone basis are positive for shareholders, but the sharp sequential weakness in Q2 and the still-small absolute profit base mean limited near-term stock catalyst. Investors should watch whether Q2 softness reverses and whether consolidated topline stabilizes.