The results has been attached herewith
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Awaiting price reaction for this filing.
Virat Industries, a socks manufacturer, reported revenue from operations of ₹724 lakh for Q2 FY26, down sharply from ₹1,159 lakh in Q2 FY25 (a ~37% YoY decline). For the half year, revenue from operations fell ~10% YoY to ₹1,585 lakh. Despite weaker top-line, profit after tax surged to ₹182 lakh in Q2 (vs ₹39 lakh YoY) and ₹271 lakh for H1 (vs ₹61 lakh YoY), driven by lower raw material and overhead costs along with a sharp jump in other income (₹288 lakh vs ₹67 lakh, largely interest on fixed deposits). EPS for H1 rose to ₹2.29 from ₹1.24. The auditor B.K. Khare & Co. issued an unmodified (clean) opinion on the results. The Board also approved allotment of 95.99 lakh equity shares at ₹104 each (face value ₹10, premium ₹94) to Mr. Bhavook Chandraprakash Tripathi, raising ~₹99.8 crore and expanding the share count nearly 3x.
The headline PAT surge looks impressive but is largely propped up by one-time interest income from the newly raised cash pile and cost cuts, while core business revenue continues to shrink. The large equity infusion nearly triples the share count, which dilutes existing shareholders and means per-share metrics going forward will look very different from pre-issuance levels. Short-term stock reaction may be mixed given the visible business slowdown despite reported profit growth.