Outcome for the Board Meeting held on 22nd May 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VTM Ltd reported audited financial results for Q4 and year ended March 31, 2026. Total income grew 7.5% to Rs 37,538.96 lakhs from Rs 34,935.19 lakhs. However, net profit collapsed 75% to Rs 1,119.88 lakhs from Rs 4,537.41 lakhs in the previous year. Profit before tax dropped to Rs 1,496.39 lakhs from Rs 6,051.55 lakhs. The steep decline was primarily due to Rs 1,997.40 lakhs in additional customer discounts given to mitigate US tariff impacts, plus Rs 254.56 lakhs in abnormal forex losses. Exceptional items of Rs 302.32 lakhs (negative) were also recorded. The company has no subsidiary and auditors gave an unmodified (clean) opinion. The board did not recommend any dividend for FY 2025-26.
The stock may face pressure due to the 75% profit decline despite revenue growth, reflecting margin compression from US tariffs and forex losses. No dividend payout adds to negative sentiment for income-focused investors.