The unaudited quarterly financial results were considered and taken on record by the board in the meeting held on 12th February 2026.
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VTM Ltd's board approved unaudited financial results for Q3 and nine months ended December 31, 2025, with CNGSN & Associates LLP issuing an unmodified limited review opinion. Q3 standalone revenue stood at ₹6,306.65 lakhs, down about 15% YoY from ₹7,433.02 lakhs, while Q3 net profit fell sharply to ₹437.58 lakhs from ₹1,911.07 lakhs (a ~77% YoY drop). For the nine-month period, revenue rose modestly to ₹18,093.15 lakhs (up ~7% YoY) but net profit declined to ₹1,378.67 lakhs from ₹3,597.11 lakhs (~62% YoY). The company attributed the profit pressure to additional discounts given to US customers following increased US tariffs on India, which materially hit profit before tax. An exceptional charge of ₹25.19 lakhs was booked for the statutory impact of India's new Labour Codes, relating mainly to gratuity provisions. Q3 diluted EPS was ₹0.34 versus ₹1.81 in the year-ago quarter.
Profitability has collapsed year-on-year even though nine-month revenue grew slightly, due to US-tariff-driven discounting and margin compression — shareholders should expect weak earnings momentum and margin pressure to persist until tariff or pricing conditions ease.