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Vivid Global Industries Q2 FY27 results: net profit up 35.3% to ₹0.23 crore, revenue up 7.3%
Vivid Global Industries Ltd reported standalone Q2 FY27 revenue of ₹14.94 crore, up 7.3% from Q2 FY26 but down 1.5% from Q1 FY27. Net profit rose to ₹0.23 crore from ₹0.17 crore a year earlier and ₹0.13 crore in the previous quarter, while EBITDA margin was 3.3% against 4.3% and 1.7%, respectively.
Key points
- Standalone Q2 FY27 revenue was ₹14.94 crore, up 7.3% year on year and down 1.5% sequentially.
- EBITDA was ₹0.49 crore, down 16.9% from ₹0.59 crore in Q2 FY26 but up 88.5% from ₹0.26 crore in Q1 FY27.
- Net profit was ₹0.23 crore, up 35.3% year on year and 76.9% from the previous quarter; basic EPS was ₹0.25.
- H1 FY27 revenue rose 23.1% to ₹30.1 crore, while profit after tax increased 33.3% to ₹0.36 crore.
- At 30 September 2026, total assets were ₹38.79 crore, total equity ₹16.38 crore, borrowings ₹3.11 crore and cash ₹1.82 crore.
How did Vivid Global Industries perform in Q2 FY27?
Vivid Global Industries reported standalone revenue of ₹14.94 crore for Q2 FY27, up ₹1.02 crore or 7.3% from ₹13.92 crore in Q2 FY26. Revenue fell ₹0.22 crore or 1.5% from ₹15.16 crore in Q1 FY27. EBITDA was ₹0.49 crore, down ₹0.10 crore or 16.9% year on year but up ₹0.23 crore or 88.5% from the previous quarter; the margin was 3.3%, compared with 4.3% and 1.7%.
Profit before tax rose ₹0.09 crore or 39.1% to ₹0.32 crore from ₹0.23 crore a year earlier and ₹0.14 crore or 77.8% from ₹0.18 crore in Q1 FY27. Net profit increased ₹0.06 crore or 35.3% to ₹0.23 crore from ₹0.17 crore, and basic EPS rose to ₹0.25 from ₹0.18 and ₹0.14. The filing presents unaudited standalone results; no consolidated figures were provided.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 14.94 | 15.16 | 13.92 | +7.3% | −1.5% |
| Other income | 0.16 | 0.17 | 0.15 | +6.7% | −5.9% |
| Total expenses | 14.77 | 15.15 | 13.84 | +6.7% | −2.5% |
| EBITDA | 0.49 | 0.26 | 0.59 | −16.9% | +88.5% |
| EBITDA margin | 3.3% | 1.7% | 4.3% | −1.0 pp | +1.6 pp |
| Profit before tax | 0.32 | 0.18 | 0.23 | +39.1% | +77.8% |
| Tax | 0.09 | 0.05 | 0.06 | +50.0% | +80.0% |
| Net profit | 0.23 | 0.13 | 0.17 | +35.3% | +76.9% |
| EPS (₹) | 0.25 | 0.14 | 0.18 | +38.9% | +78.6% |
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 Vivid Global Industries' costs and profit?
Total expenses rose ₹0.93 crore or 6.7% to ₹14.77 crore from ₹13.84 crore in Q2 FY26. Employee cost fell ₹0.05 crore or 8.3% to ₹0.55 crore, finance costs declined ₹0.07 crore or 21.9% to ₹0.25 crore, and depreciation fell ₹0.12 crore or 63.2% to ₹0.07 crore. Other expenses increased ₹0.24 crore or 12.0% to ₹2.24 crore, while the cost of materials was unchanged.
Other income increased ₹0.01 crore or 6.7% to ₹0.16 crore, and there was no exceptional item. Tax expense rose ₹0.03 crore or 50.0% to ₹0.09 crore from ₹0.06 crore. Despite higher total expenses, lower finance costs and depreciation helped profit before tax rise to ₹0.32 crore from ₹0.23 crore; the filing does not state reasons for the change in other expenses.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.55 | 0.60 | −0.05 | −8.3% |
| Finance costs | 0.25 | 0.32 | −0.07 | −21.9% |
| Depreciation | 0.07 | 0.19 | −0.12 | −63.2% |
| Other expenses | 2.24 | 2 | +0.24 | +12.0% |
| Total expenses | 14.77 | 13.84 | +0.93 | +6.7% |
| Other income | 0.16 | 0.15 | +0.01 | +6.7% |
| Tax | 0.09 | 0.06 | +0.03 | +50.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue rose ₹5.65 crore or 23.1% to ₹30.1 crore from ₹24.45 crore in H1 FY26. Total income increased ₹5.68 crore or 22.9% to ₹30.43 crore from ₹24.75 crore.
Profit before tax rose ₹0.12 crore or 31.6% to ₹0.5 crore from ₹0.38 crore, while profit after tax increased ₹0.09 crore or 33.3% to ₹0.36 crore from ₹0.27 crore. EPS increased ₹0.1 or 33.3% to ₹0.4 from ₹0.3.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 30.10 | 24.45 | +23.1% |
| Profit before tax | 0.50 | 0.38 | +31.6% |
| Net profit | 0.36 | 0.27 | +33.3% |
| EPS (₹) | 0.40 | 0.30 | +33.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹38.79 crore against ₹37.55 crore at 31 March 2026, while total equity was ₹16.38 crore against ₹16.02 crore. Borrowings increased to ₹3.11 crore from ₹1.83 crore and cash rose to ₹1.82 crore from ₹1.47 crore. Inventories were ₹11.33 crore against ₹11.2 crore, trade receivables ₹11.39 crore against ₹14.04 crore, and trade payables ₹16.5 crore against ₹17.17 crore.
H1 FY27 operating cash flow was ₹0.03 crore, compared with negative ₹0.68 crore in H1 FY26. Investing cash flow was negative ₹0.03 crore against negative ₹0.17 crore, while financing cash flow was ₹0.81 crore against ₹0.09 crore. No capital expenditure was reported for H1 FY27, compared with ₹0.17 crore in H1 FY26; the filing does not provide closing cash for either half-year period.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 38.79 | 37.55 |
| Total equity | 16.38 | 16.02 |
| Borrowings | 3.11 | 1.83 |
| Cash and equivalents | 1.82 | 1.47 |
| Inventories | 11.33 | 11.20 |
| Trade receivables | 11.39 | 14.04 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.03 | −0.68 |
| Cash from investing | −0.03 | −0.17 |
| Cash from financing | 0.81 | 0.09 |
| Capital expenditure | 0 | 0.17 |
Source: Company's results filing (XBRL).
How has Vivid Global Industries done over the last 8 quarters?
Revenue peaked at ₹15.16 crore in Q1 FY27 and was ₹14.94 crore in Q2 FY27, indicating a sequential decline from the latest high. Q2 FY26 revenue was ₹13.92 crore, compared with the period low of ₹7.68 crore in Q3 FY25; the company’s revenue has risen year on year in each of the last five quarters.
Profit after tax reached its period low of ₹0.09 crore in Q3 FY25 and its peak of ₹0.27 crore in Q4 FY26 before falling to ₹0.13 crore in Q1 FY27 and recovering to ₹0.23 crore in Q2 FY27. Profit has risen year on year in each of the last eight quarters, according to the trend data.
EBITDA margin was 5.8% in Q4 FY26, the highest in the reported period, and fell to 1.7% in Q1 FY27 before recovering to 3.3% in Q2 FY27. The lowest margin was 2.1% in Q1 FY26; Q2 FY26 recorded 4.3%.
Which businesses drove the quarter?
Local revenue was ₹11.61 crore in Q2 FY27, up 15.6% from ₹10.04 crore in Q2 FY26. Segment EBIT was ₹11.57 crore, compared with ₹9.83 crore, and the reported segment margin was 99.7%.
Export revenue fell 14.3% to ₹3.33 crore from ₹3.89 crore. Segment EBIT declined to ₹3.29 crore from ₹3.78 crore, with a reported margin of 98.8%. Unallocated or other income was ₹0.16 crore, up 4.9% from ₹0.15 crore, with no segment EBIT reported.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Local | 11.61 | +15.6% | 11.57 | 99.7% |
| Export | 3.33 | −14.3% | 3.29 | 98.8% |
| Unallocated/ Other Income | 0.16 | +4.9% | 0 | 0.0% |
Source: Company's results filing (XBRL segment data).
How did other Commodity Chemicals companies do?
Twenty-three Commodity Chemicals companies were compared, and their median revenue growth was 21.7%, based on peer data available as of 5 November 2026. Five peers grew slower than Vivid Global Industries, while 18 grew faster; the company’s own Q2 FY27 revenue growth was 7.3%.
Of the 27 peers for which profit was compared, 21 reported higher profit. The peer set therefore showed wider revenue growth than Vivid Global Industries, even though the company’s profit after tax rose 35.3% year on year in Q2 FY27.
| Vivid Global Industries revenue growth (YoY) | +7.3% |
|---|---|
| Median of 23 other Commodity Chemicals companies | +21.7% |
| Companies with slower revenue growth than Vivid Global Industries | 5 of 23 |
| Companies with faster revenue growth than Vivid Global Industries | 18 of 23 |
| Companies whose net profit rose | 21 of 27 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Vivid Global Industries' revenue in Q2 FY27?
Revenue from operations was ₹14.94 crore, up 7.3% from ₹13.92 crore in Q2 FY26 (standalone).
Did Vivid Global Industries make a profit in Q2 FY27?
Yes. Net profit was ₹0.23 crore, against a net profit of ₹0.17 crore in Q2 FY26.
What was Vivid Global Industries' EPS in Q2 FY27?
Basic earnings per share were ₹0.25, against ₹0.18 in Q2 FY26.
When did Vivid Global Industries announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Meeting To Be Held On 04.11.2026 At The Registered Office Of The Company At 04:00 P.M. In Terms Of Regulation 29 Of SEBI (LODR) Regulations, 2015. (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Held On 04.11.2026. (BSE, 4 November 2026) · PDF
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