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Stock Report
Vardhman Polytex Reports 757% YoY Growth in Profit (Rs. 1.63 Cr.vs Rs. 0.19 Cr) and Rs. 309.55 Crore Exceptional Gain from Debt Settlement
Posted On : 2026-08-11 21:50:04( TIMEZONE : IST )
Vardhman Polytex Limited today announced a significant improvement in its financial performance and balance sheet during the quarter ended 30th June 2026, marked by strong growth in profitability and a substantial exceptional gain from debt settlement.
Profit increased to Rs. 1.63 Crore in June 2026, compared with Rs. 0.19 Crore in June 2025, representing approximately 757% YoY growth. On a sequential basis, profit increased from Rs. 0.88 Crore in March 2026 to Rs. 1.63 Crore in June 2026, representing approximately 85% QoQ growth.
Rs. 309.55 Crore Exceptional Gain from Phoenix ARC Debt Settlement
In addition to the improvement in profitability, the Company recognised an exceptional gain of Rs. 309.55 Crore following the successful full and final settlement of its outstanding debt with Phoenix ARC. The gain has been recognised under Exceptional Items in the financial results for the quarter ended 30th June 2026.
During the quarter, the Company allotted and listed Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) aggregating to Rs. 75 Crores on BSE Limited on 6th April 2026. Subsequently, Optionally Convertible Debentures (OCDs) aggregating to Rs. 15 Crores were allotted on 18th May 2026. The proceeds from the NCD issuance enabled the Company to fully repay its debt owed to Phoenix ARC, resulting in the full and final settlement of the outstanding liability.
Strategic Impact & Financial Highlights
- 757% YoY Growth in Profit: Profit increased from Rs. 0.19 Cr in June 2025 to Rs. 1.63 Cr in June 2026.
- 84% QoQ Growth in Profit: Profit increased from Rs. 0.88 Cr in March 2026 to Rs. 1.63 Cr in June 2026.
- Rs. 309.55 Crore Exceptional Gain: The Phoenix ARC debt settlement resulted in a substantial exceptional gain, strengthening the Company's financial position.
- Successful Debt Resolution: Full and final settlement of the Phoenix ARC debt provides a stronger financial foundation.
- Strategic Asset Monetisation: The Company continues to pursue monetisation of approximately 26 Acres 6 Kanals 9 Marlas of land at its Ludhiana Unit at Focal Point, Ludhiana, as part of its asset optimisation strategy.
Commenting on the development, Mr. Adish Oswal, Chairman & Managing Director, Vardhman Polytex Limited, said: "The significant improvement in our profitability, with strong YoY and sequential growth, together with the successful resolution of the Phoenix ARC debt, represents an important milestone in Vardhman Polytex Limited's financial consolidation journey. The %309.55 Crore exceptional gain and strengthening of our financial position provide a stronger foundation for sustainable growth and long-term value creation for our shareholders and stakeholders."
With strong profitability growth, the X309.55 Crore exceptional gain from debt settlement and continued asset optimisation, the Company remains focused on financial consolidation, operational improvement and sustainable long-term growth.
