Author: Nishtha Mehrotra | EQMint

Synopsis:

• Vishal Fabrics approved its unaudited standalone and consolidated financial results for Q2 and H1 FY27.
• CEO Suketu Shah resigned from his position, effective November 3, 2026.
• Ravindra Bajranglal Bajaj has been appointed as the company’s new CEO, effective the same day.
  
  

Vishal Fabrics Limited has reported a mixed financial performance for the second quarter of FY27, with standalone revenue declining year-on-year while net profit increased.

For the quarter ended September 30, 2026, revenue from operations stood at ₹366.33 crore, compared with ₹433.09 crore in the corresponding quarter last year, marking a decline of approximately 15.4%.

Standalone net profit, however, rose 20.6% to ₹10.63 crore from ₹8.81 crore a year earlier. Earnings per share increased to ₹0.43 from ₹0.36.

For the first half of FY27, revenue declined 10.2% year-on-year to ₹745.41 crore, against ₹830.26 crore in H1 FY26. Net profit increased 4.6% to ₹17.67 crore from ₹16.89 crore.

The company also reported a net cash outflow of ₹6.08 crore from operating activities during the half year.

The leadership changes were approved at the board meeting held on November 3, 2026. The meeting commenced at 4 PM and concluded at 5 PM.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/a9660780-c5b2-44f6-9ec3-889a3de60340.pdf

Disclaimer: This article is for information purposes only and is not investment advice.

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