The Unaudited Financial Results for the Quarter ended 31st December 2025 were considered and taken on record.
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VTM Ltd, a textile manufacturer based in Tamil Nadu, reported unaudited financial results for the quarter and nine months ended 31 December 2025. Revenue for Q3 FY26 stood at ₹6,306.65 lakhs, down about 15% from ₹7,433.02 lakhs in Q3 FY25. Nine-month revenue grew modestly to ₹18,093.15 lakhs from ₹16,864.58 lakhs last year (~7% growth). However, profit before tax for the quarter fell sharply to ₹462.04 lakhs (vs ₹2,465.19 lakhs YoY), and net profit dropped to ₹437.58 lakhs (vs ₹1,911.07 lakhs YoY), translating to EPS of ₹0.34. The company attributed the profit pressure to additional discounts given to US customers to offset the impact of higher US tariffs on Indian exports. An exceptional charge of ₹25.19 lakhs was recognised for the new Labour Codes (impact on gratuity provision). Statutory auditors CNGSN & Associates LLP issued an unmodified opinion.
The sharp YoY drop in Q3 profits highlights significant margin compression from US tariff-related discounting, which is likely to weigh on the stock in the near term despite stable nine-month revenues. Investors should watch for any easing of tariff pressures and clarity on the final Labour Code rules before drawing conclusions on full-year performance.