Un- Audited Financial Results for the quarter ended 30th September 2025, Continuation of Directorship by Mr RM Somasundaram, Re-appointment of Mr Ganesh Ananthakrishnan and Mr L Sevugan ....
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VTM Limited reported Q2 FY26 (quarter ended Sep 30, 2025) net sales of Rs 89.88 crore, up about 23% from Rs 73.17 crore in Q2 FY25. However, net profit fell sharply to Rs 2.32 crore from Rs 9.77 crore, a drop of roughly 76%. For H1 FY26, net sales rose to Rs 161.86 crore from Rs 132.31 crore, but net profit nearly halved to Rs 6.93 crore from Rs 15 crore. EPS for the quarter stood at Rs 0.23 versus Rs 0.97 last year. The company cited additional discounts to US customers to offset US tariff impact as a key pressure on margins. The Board also approved re-appointment of two independent directors (Mr. Ganesh Ananthakrishnan and Mr. L. Sevugan) for a second 5-year term from March 25, 2026, continuation of Mr. RM Somasundaram as Non-Executive Director beyond age 75, and a related-party contract with Colour Yarns Private Limited worth up to Rs 100 crore through March 2029. Statutory auditors (CNGSN & Associates LLP) issued an unmodified opinion.
Strong revenue growth is being offset by margin compression likely linked to US tariff-related discounting, which may concern shareholders focused on profitability. The board changes are routine governance items and the related-party transaction requires shareholder approval via postal ballot, with key directors recused from voting on it.