Announced Wed, 12 Nov · 18:38 IST

Financial Results for the Quarter and half-year ended as on September 30, 2025

Revenue DeclineNegative Operating CashflowResults View source PDF

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AI summary

Vashu Bhagnani Industries reported weak first-half results, with standalone revenue from operations falling sharply to Rs 39.43 lakhs in H1 FY26 from Rs 775.94 lakhs in H1 FY25. Standalone profit after tax dropped to Rs 11.67 lakhs from Rs 423.27 lakhs in the same period. On a consolidated basis (including UAE and Indian subsidiaries), revenue declined to Rs 322.75 lakhs from Rs 1,039.65 lakhs, though Q2 FY26 standalone PAT of Rs 8.94 lakhs and consolidated Q2 PAT of Rs 143.27 lakhs (vs Rs 16.30 lakhs) showed sequential improvement. Operating cash flow remained negative on both standalone (Rs -34.13 lakhs) and consolidated (Rs -337.75 lakhs) bases. The company allotted 8,51,500 equity shares on a preferential basis (BSE listing approval pending) and approved a Rs 50 crore commitment to its UAE subsidiary Modern Productions FZ LLC, of which Rs 3 crore has already been remitted as a loan.

Likely market impact

Weak top-line performance and negative operating cash flows signal ongoing business challenges, though quarterly profit recovery and subsidiary expansion into UAE offer some positives. Shareholders should watch for resolution on the pending BSE listing of newly allotted shares and execution of the UAE subsidiary strategy.