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VIPPY SPINPRO Q2 FY27 results: net profit up 148.0% to ₹6.82 crore, revenue up 119.6%
VIPPY SPINPRO LTD. reported standalone revenue of ₹115.99 crore in Q2 FY27, up 119.6% from ₹52.83 crore in Q2 FY26. Net profit rose to ₹6.82 crore from ₹2.75 crore, while EBITDA margin increased to 12.7% from 10.9%.
Key points
- Revenue rose 119.6% year on year to ₹115.99 crore in Q2 FY27.
- EBITDA increased 154.6% to ₹14.69 crore, with margin at 12.7% versus 10.9%.
- Net profit rose 148.0% to ₹6.82 crore from ₹2.75 crore.
- Basic EPS increased 148.3% to ₹11.62 from ₹4.68.
- In H1 FY27, revenue was ₹226.26 crore, up 82.5%, and net profit was ₹12.73 crore, up 88.0%.
How did VIPPY SPINPRO perform in Q2 FY27?
VIPPY SPINPRO reported standalone revenue of ₹115.99 crore in Q2 FY27, up 119.6% from ₹52.83 crore in Q2 FY26. Revenue also rose 5.2% from ₹110.26 crore in Q1 FY27. EBITDA increased 154.6% year on year to ₹14.69 crore, while margin expanded by 1.8 percentage points to 12.7% from 10.9%.
Net profit rose 148.0% year on year to ₹6.82 crore from ₹2.75 crore and increased 15.4% from ₹5.91 crore in Q1 FY27. Basic EPS was ₹11.62, up 148.3% from ₹4.68 a year ago and 15.4% from ₹10.07 in the previous quarter. The results are on a standalone basis, and the board approved the unaudited figures on 5 November 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 115.99 | 110.26 | 52.83 | +119.6% | +5.2% |
| Other income | 0.89 | 0.67 | 0.84 | +6.0% | +32.8% |
| Total expenses | 107.72 | 102.77 | 49.76 | +116.5% | +4.8% |
| EBITDA | 14.69 | 14.28 | 5.77 | +154.6% | +2.9% |
| EBITDA margin | 12.7% | 13.0% | 10.9% | +1.8 pp | −0.3 pp |
| Profit before tax | 9.17 | 8.17 | 3.90 | +135.1% | +12.2% |
| Tax | 2.35 | 2.25 | 1.16 | +102.6% | +4.4% |
| Net profit | 6.82 | 5.91 | 2.75 | +148.0% | +15.4% |
| EPS (₹) | 11.62 | 10.07 | 4.68 | +148.3% | +15.4% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in VIPPY SPINPRO's costs and profit?
Total expenses increased 116.5% to ₹107.72 crore from ₹49.76 crore in Q2 FY26. Cost of materials was the largest increase, rising 135.7% by ₹49.89 crore to ₹86.66 crore, while other expenses rose 92.5% by ₹5.95 crore to ₹12.38 crore. Finance costs increased 230.2% by ₹1.22 crore to ₹1.75 crore, and depreciation rose 113.8% by ₹2.48 crore to ₹4.66 crore.
Employee cost fell 1.5% by ₹0.02 crore to ₹1.32 crore from ₹1.34 crore. Other income increased 6.0% by ₹0.05 crore to ₹0.89 crore, and there was no exceptional item. Tax expense rose 102.6% by ₹1.19 crore to ₹2.35 crore, while profit before tax increased 135.1% by ₹5.27 crore to ₹9.17 crore. The filing did not state reasons for the movements in cost lines or other income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 86.66 | 36.77 | +49.89 | +135.7% |
| Employee cost | 1.32 | 1.34 | −0.02 | −1.5% |
| Finance costs | 1.75 | 0.53 | +1.22 | +230.2% |
| Depreciation | 4.66 | 2.18 | +2.48 | +113.8% |
| Other expenses | 12.38 | 6.43 | +5.95 | +92.5% |
| Total expenses | 107.72 | 49.76 | +57.96 | +116.5% |
| Other income | 0.89 | 0.84 | +0.05 | +6.0% |
| Tax | 2.35 | 1.16 | +1.19 | +102.6% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue rose 82.5% to ₹226.26 crore from ₹124.0 crore in H1 FY26. Total income increased 81.7% to ₹227.82 crore from ₹125.37 crore, while profit before tax rose 82.7% to ₹17.34 crore from ₹9.49 crore.
Net profit for H1 FY27 increased 88.0% to ₹12.73 crore from ₹6.77 crore. Basic EPS rose 88.0% to ₹21.69 from ₹11.54. The board approved the unaudited standalone results for the half year ended 30 September 2026 on 5 November 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 226.26 | 124 | +82.5% |
| Profit before tax | 17.34 | 9.49 | +82.7% |
| Net profit | 12.73 | 6.77 | +88.0% |
| EPS (₹) | 21.69 | 11.54 | +88.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets fell to ₹215.1 crore at 30 September 2026 from ₹229.8 crore at 31 March 2026. Total equity increased to ₹112.98 crore from ₹99.73 crore, while borrowings declined to ₹79.57 crore from ₹112.18 crore. Cash and cash equivalents stood at ₹1.06 crore, compared with ₹0.01 crore at the previous balance sheet date.
Inventories decreased to ₹25.75 crore from ₹34.59 crore, while trade receivables rose to ₹74.37 crore from ₹64.42 crore. Trade payables fell to ₹2.07 crore from ₹2.88 crore. In H1 FY27, operating cash flow was ₹36.57 crore, compared with ₹1.24 crore in H1 FY26; investing cash flow was negative ₹2.09 crore against negative ₹5.55 crore, and financing cash flow was negative ₹33.43 crore against ₹9.9 crore. Capital expenditure was ₹2.46 crore compared with ₹6.47 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 215.10 | 229.80 |
| Total equity | 112.98 | 99.73 |
| Borrowings | 79.57 | 112.18 |
| Cash and equivalents | 1.06 | 0.01 |
| Inventories | 25.75 | 34.59 |
| Trade receivables | 74.37 | 64.42 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 36.57 | 1.24 |
| Cash from investing | −2.09 | −5.55 |
| Cash from financing | −33.43 | 9.90 |
| Capital expenditure | 2.46 | 6.47 |
Source: Company's results filing (XBRL).
How has VIPPY SPINPRO done over the last 8 quarters?
Revenue reached a period high of ₹115.99 crore in Q2 FY27, while net profit was also at a period high of ₹6.82 crore. EBITDA margin was 12.7%, below the 13.0% recorded in Q1 FY27 but above the 10.4% low in Q3 FY26. Revenue and profit have risen year on year in each of the last three quarters.
The preceding low point for revenue was ₹52.83 crore in Q2 FY26, while net profit bottomed at ₹1.83 crore in Q3 FY26. From that profit low, quarterly net profit rose to ₹3.38 crore in Q4 FY26 and ₹5.91 crore in Q1 FY27 before reaching ₹6.82 crore in Q2 FY27. The latest margin direction was lower by 0.3 percentage points from the previous quarter.
How did other Other Textile Products companies do?
A total of 93 Other Textile Products companies were compared for this quarter, with a median revenue growth of 20.7%. Of these, 86 grew more slowly than VIPPY SPINPRO, while seven grew faster than the company. The peer comparison was available as of 6 November 2026.
Among 96 peers for which profit was compared, 68 reported higher profit. VIPPY SPINPRO’s Q2 FY27 revenue growth of 119.6% was above the peer median of 20.7%, while its net profit growth was 148.0%.
| VIPPY SPINPRO revenue growth (YoY) | +119.6% |
|---|---|
| Median of 93 other Other Textile Products companies | +20.7% |
| Companies with slower revenue growth than VIPPY SPINPRO | 86 of 93 |
| Companies with faster revenue growth than VIPPY SPINPRO | 7 of 93 |
| Companies whose net profit rose | 68 of 96 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was VIPPY SPINPRO's revenue in Q2 FY27?
Revenue from operations was ₹115.99 crore, up 119.6% from ₹52.83 crore in Q2 FY26 (standalone).
Did VIPPY SPINPRO make a profit in Q2 FY27?
Yes. Net profit was ₹6.82 crore, against a net profit of ₹2.75 crore in Q2 FY26.
What was VIPPY SPINPRO's EPS in Q2 FY27?
Basic earnings per share were ₹11.62, against ₹4.68 in Q2 FY26.
When did VIPPY SPINPRO announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval For Unaudited Financial Results For The Quarter Ended 30Th September 2026. (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Outcome For Board Meeting Dated 05.11.2026. (BSE, 5 November 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2026. (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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