BSEVijay Solvex LtdHighNeutral
Announced Fri, 14 Nov · 16:21 IST

The Board of Directors of the Company in their meeting held on 14.11.2025 has inter alia, considered and approved un-audited standalone & consolidated financial results of the Company for ....

Revenue Growth 20pctNegative Operating CashflowResults View source PDF

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AI summary

Vijay Solvex Limited reported strong top-line growth in Q2 FY26, with standalone revenue from operations rising about 42.5% year-on-year to Rs. 61,532.26 lakhs (vs Rs. 43,182.42 lakhs in Q2 FY25); H1 FY26 revenue grew 32.8% to Rs. 1,07,573.84 lakhs. Despite the strong revenue, net profit was largely flat — Q2 standalone PAT was Rs. 599.24 lakhs (vs Rs. 612.54 lakhs) and H1 PAT was Rs. 700.99 lakhs (vs Rs. 708.77 lakhs). On a consolidated basis, H1 FY26 PAT declined to Rs. 714.58 lakhs from Rs. 815.21 lakhs, partly due to associates contributing only Rs. 13.59 lakhs vs Rs. 106.44 lakhs last year. EPS stood at Rs. 18.72 for Q2 and Rs. 21.90 for H1. The Edible Oils segment continues to drive nearly all revenue and profits, while the Wind Power segment remains non-operational. The auditor (Aggarwal Datta & Co) issued an unqualified limited review report, though noted that the 6 associates' financials were not independently reviewed.

Likely market impact

Strong revenue growth signals improving demand/sales volume, but flat-to-declining profit indicates margin pressure from rising raw material and finance costs (Q2 finance cost jumped to Rs. 318.05 lakhs from Rs. 22.99 lakhs). Negative operating cash flow and higher borrowings/trade receivables may concern short-term investors, though the unqualified review and continued profitability in core Edible Oils provide some comfort.