Vishal Fabrics shares rise after reporting 21 per cent profit growth
The small-cap apparel company saw its profit after tax reach ₹10.6 crore for the July-September quarter.
Shares of small-cap company Vishal Fabrics rose by as much as 4 per cent during Wednesday's trading session, according to Mint. The stock reached an intraday high of ₹16.90 on 4 November after the company announced its financial results for the second quarter of FY27.
For the July-September quarter ended September 30, 2026, the company reported a 21 per cent year-on-year increase in profit after tax (PAT) to ₹10.6 crore, up from ₹8.8 crore in the same period last year. During this quarter, the EBITDA margin rose to 7.9 per cent from 6.8 per cent, even as revenue from operations dropped to ₹366.3 crore from ₹433.1 crore in Q2 FY26.
In the first half of FY27, PAT grew by 5 per cent year-on-year to ₹17.7 crore compared to ₹16.9 crore in H1 FY26. For the same six-month period, revenue from operations fell to ₹745.4 crore from ₹830.3 crore in the previous year, while the EBITDA margin expanded to 7.4 per cent from 7.0 per cent.
Chief Financial Officer Dharmesh Dattani said that a focus on efficiency and cost discipline drove the 21 per cent rise in PAT. Dattani added that the company prioritised quality of earnings over volume during a softer demand environment and plans to focus on operational efficiency and new geographies in the second half of FY27.
The company's board also approved the appointment of Ravindra Bajranglal Bajaj as Chief Executive Officer, effective 3 November 2026. Bajaj has been a Whole-Time Director at the firm since May 2019.