VARVEE GLOBAL LIMITED has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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Varvee Global Limited reported strong Q3 FY26 results with revenue from operations of ₹12.14 crore, more than doubling from ₹5.94 crore in Q3 FY25. For the nine months ended December 2025, revenue grew about 13% to ₹39.42 crore. Profit after tax for 9M FY26 stood at ₹41.04 crore (EPS ₹21.54), up sharply from ₹23.91 crore in 9M FY25, with Q3 PAT of ₹5.35 crore turning around from a loss of ₹6.94 crore a year ago. The profit jump is partly because the company has used accumulated MAT (Minimum Alternate Tax) credit to offset tax, resulting in negligible tax expense in the period. The statutory auditor (Pankaj R Shah & Associates) has issued a clean limited review report but included an Emphasis of Matter on the continuity of MAT credit recognition of around ₹6 crore, which is being set off against future tax liabilities.
The headline numbers look strong, but shareholders should note that the tax benefit comes from a one-time use of accumulated MAT credit and that the auditor has flagged the recoverability of this asset. The Textiles segment continues to drive nearly all revenue, and one-time gains from extinguishing deposit liabilities under a Share Purchase Agreement also boosted the results. Underlying operational performance is improving but margins and revenue scale remain modest.