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Awaiting price reaction for this filing.
Vishal Fabrics filed a corrigendum to its August 8, 2025 board meeting outcome, correcting a typo in the auditor's limited review note for consolidated results regarding three associates (Chiripal Textile Mills, Nandan Industries, Quality Exim) whose interim financials were not independently reviewed. For Q1 FY26 (quarter ended June 30, 2025), standalone revenue from operations rose to Rs. 397.17 crore, up about 16.8% from Rs. 339.92 crore in Q1 FY25. Standalone profit after tax surged to Rs. 8.08 crore, a sharp ~69% jump from Rs. 4.78 crore a year ago, helped by lower finance costs. Consolidated PAT, including the group's share in associates, stood at Rs. 9.16 crore versus Rs. 4.79 crore. During the quarter, the company converted 1.19 crore warrants into equity shares, raising paid-up equity capital to Rs. 104.77 crore from Rs. 98.81 crore. Auditors gave an unqualified review report with no material concerns.
Strong profit growth driven by easing finance costs and operational improvement is a positive signal for shareholders, though modest revenue growth below 20% tempers the upside. Warrant conversion diluted equity by roughly 6% but brought in additional capital from existing allottees.