Varvee Global Q2 FY27 Results: Net Profit Rs. 678.91 Lakhs
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 22 Oct 2026, 05:04 PM IST · BSE ID: f92b7a0d-563f-448b-8863-de65e98f1743
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's latest quarterly financial results show a decrease in profit and revenue compared to the same period last year.
🤖 AI Summary
- Varvee Global Ltd. approved standalone unaudited financial results for Q2 and H1 ended September 30, 2026.
- Net Profit for Q2 FY27 was Rs. 678.91 Lakhs, compared to Rs. 1,021.13 Lakhs in Q2 FY26.
- Revenue from Operations for Q2 FY27 stood at Rs. 1,960.77 Lakhs, down from Rs. 2,783.13 Lakhs in Q2 FY26.
- The Board approved the results based on the Audit Committee's recommendation, as per SEBI Regulations 30 and 33.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
1,960.77 Lakhs
Not comparable — limited prior period data.
Net Profit for the period (Q2 FY27)
678.91 Lakhs
Not comparable — limited prior period data.
Total Income (Q2 FY27)
2,767.67 Lakhs
Not comparable — limited prior period data.
Earnings Per Share (Basic & Diluted) (Q2 FY27)
1.32
Not comparable — limited prior period data.
🏢 How This Affects the Company
Revenue from Operations for the Textile Division was Rs. 453.13 Lakhs in Q2 FY27, down from Rs. 2,734.13 Lakhs in Q2 FY26. Trading in Other Commodities contributed Rs. 1,157.64 Lakhs in Q2 FY27.
Net Profit for Q2 FY27 decreased to Rs. 678.91 Lakhs from Rs. 1,021.13 Lakhs in Q2 FY26. Total income for Q2 FY27 was Rs. 2,767.67 Lakhs, compared to Rs. 3,432.30 Lakhs in Q2 FY26.
The filing notes temporary rent income booked in addition to the original agreement during the quarter ended September 30, 2026. Assets Held for Sale reduced to Rs. 1,240.09 Lakhs as of September 30, 2026, from Rs. 1,442.03 Lakhs as of March 31, 2026.
The Limited Review Report includes an Emphasis of Matter regarding continuity in recognition of MAT credit as at June 30, 2026, and temporary rent income booked.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the decline in Net Profit for Q2 FY27 to Rs. 678.91 Lakhs.
🔍
Management Signal
The approval of results and the Limited Review Report indicates management's adherence to financial reporting regulations under SEBI LODR.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — observe revenue and profit trends.
Any further details on MAT credit recognition.
Updates on asset held for sale progress and other income sources.
MEDIUM RISK
Decline in revenue and net profit in Q2 FY27, along with auditor's emphasis on MAT credit and temporary rent income.
💡 Investor Takeaway
Varvee Global Ltd. reported standalone unaudited financial results for Q2 FY27, with Net Profit at Rs. 678.91 Lakhs, a decrease from Rs. 1,021.13 Lakhs in Q2 FY26. Revenue from Operations for Q2 FY27 was Rs. 1,960.77 Lakhs, down from Rs. 2,783.13 Lakhs in Q2 FY26.
⚖️ Strengths & Concerns
✅ Positives
- Other Income for Q2 FY27 was Rs. 806.90 Lakhs, increasing significantly from Rs. 62.96 Lakhs in Q1 FY27.
- Total comprehensive income net of taxes for Q2 FY27 was Rs. 737.26 Lakhs, a recovery from (Rs. 551.75) Lakhs in Q1 FY27.
⚠️ Concerns
- Revenue from Operations for Q2 FY27 decreased to Rs. 1,960.77 Lakhs from Rs. 2,783.13 Lakhs in Q2 FY26.
- Net Profit for Q2 FY27 declined to Rs. 678.91 Lakhs from Rs. 1,021.13 Lakhs reported in Q2 FY26.
📅 Company Track Record
Varvee Global Ltd. (formerly Aarvee Denims and Exports Ltd) recently approved FY26 results and a 100% owned renewable energy subsidiary on May 27, 2026. This filing presents the first half-yearly results following these prior disclosures.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Varvee Global Ltd.'s Net Profit in Q2 FY27?
Varvee Global Ltd.'s Net Profit for the quarter ended September 30, 2026 (Q2 FY27) was Rs. 678.91 Lakhs.
What was Varvee Global Ltd.'s Revenue from Operations in Q2 FY27?
The Revenue from Operations for Varvee Global Ltd. in Q2 FY27 was Rs. 1,960.77 Lakhs.
How did Varvee Global Ltd.'s Net Profit compare to Q2 FY26?
Varvee Global Ltd.'s Net Profit in Q2 FY27 was Rs. 678.91 Lakhs, which compares to Rs. 1,021.13 Lakhs in Q2 FY26.
What were Varvee Global Ltd.'s total expenses in Q2 FY27?
Varvee Global Ltd.'s total expenses for the quarter ended September 30, 2026, were Rs. 1,737.18 Lakhs.
What was the Basic & Diluted EPS for Varvee Global Ltd. in Q2 FY27?
The Basic & Diluted Earnings Per Share (EPS) for Varvee Global Ltd. in Q2 FY27 was 1.32.
Questions based on this BSE filing only. For information purposes.