Varvee Global Q2 FY27 Net Profit Rs. 678.91 Lakhs, Revenue Declines
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 22 Oct 2026, 05:15 PM IST · BSE ID: 1a933e9a-a055-4a93-954d-904aa8586082
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported lower quarterly profit and revenue, with a substantial drop in half-year profit compared to last year.
🤖 AI Summary
- Varvee Global reported standalone net profit of Rs. 678.91 Lakhs for the quarter ended September 30, 2026.
- Quarterly revenue from operations decreased to Rs. 1,960.77 Lakhs from Rs. 2,783.13 Lakhs year-over-year.
- Half-year net profit was Rs. 23.18 Lakhs for H1 FY27, compared to Rs. 3,569.21 Lakhs in H1 FY26.
- Basic & Diluted EPS for the quarter was Rs. 1.32, down from Rs. 1.98 in the prior year period.
- The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY27.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit (Quarter)
Rs. 678.91 Lakhs
-33.49%
Revenue from Operations (Quarter)
Rs. 1,960.77 Lakhs
-29.54%
Net Profit (Half Year)
Rs. 23.18 Lakhs
-99.35%
Total Assets (as at Sep 30, 2026)
Rs. 15,825.99 Lakhs
🏢 How This Affects the Company
Quarterly revenue from operations declined by Rs. 822.36 Lakhs year-over-year, indicating a contraction in sales activity compared to the previous fiscal year's second quarter. The significant reduction in half-year net profit suggests a broader challenge in maintaining profitability.
Net profit for the quarter decreased to Rs. 678.91 Lakhs from Rs. 1,021.13 Lakhs. Half-year net profit saw a substantial reduction to Rs. 23.18 Lakhs from Rs. 3,569.21 Lakhs. Total assets declined to Rs. 15,825.99 Lakhs as of September 30, 2026, from Rs. 18,384.11 Lakhs as of March 31, 2026.
Segmental revenue showed changes, with Textile Division revenue at Rs. 453.13 Lakhs for Q2 FY27, and Trading in Other Commodities at Rs. 1,157.64 Lakhs, indicating shifting contributions from different business segments.
The substantial decrease in half-year net profit and overall decline in assets could indicate increased financial pressure. The auditors highlighted notes regarding MAT credit continuity and temporary rent income, indicating areas of management reliance.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the reported financial performance, particularly the reduction in net profit and revenue compared to the previous year.
🔍
Management Signal
The management's approval of the unaudited results indicates transparency in reporting the company's current financial standing.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — monitor revenue and net profit trends.
Updates on segment performance, especially for Trading in Other Commodities.
Any further disclosures regarding MAT credit and rent income notes.
HIGH RISK
Significant declines in half-year net profit and quarterly revenue indicate substantial financial and operational challenges.
💡 Investor Takeaway
Varvee Global reported Q2 FY27 standalone net profit of Rs. 678.91 Lakhs, a decrease from Rs. 1,021.13 Lakhs in Q2 FY26. Half-year net profit fell sharply to Rs. 23.18 Lakhs from Rs. 3,569.21 Lakhs in H1 FY26. Quarterly revenue from operations was Rs. 1,960.77 Lakhs, down from Rs. 2,783.13 Lakhs.
⚖️ Strengths & Concerns
✅ Positives
- The company recorded a net profit of Rs. 678.91 Lakhs for the quarter ended September 30, 2026.
- Other income for the quarter significantly increased to Rs. 806.90 Lakhs from Rs. 62.96 Lakhs in Q1 FY27.
⚠️ Concerns
- Net profit for the half year ended September 30, 2026, decreased significantly to Rs. 23.18 Lakhs from Rs. 3,569.21 Lakhs in H1 FY26.
- Revenue from operations for the quarter ended September 30, 2026, declined to Rs. 1,960.77 Lakhs from Rs. 2,783.13 Lakhs YoY.
📅 Company Track Record
Varvee Global Ltd. (formerly Aarvee Denims and Exports Ltd.) has previously reported varying financial results. In Q2 FY27, net profit declined significantly compared to Q2 FY26 (Rs. 1,021.13 Lakhs), and half-year profit dropped substantially from H1 FY26 (Rs. 3,569.21 Lakhs). FY26 results were approved on May 27, 2026, alongside the approval of a new wholly-owned renewable energy subsidiary.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Varvee Global Ltd.'s standalone net profit for Q2 FY27?
Varvee Global Ltd.'s standalone net profit for the quarter ended September 30, 2026, was Rs. 678.91 Lakhs.
How did Varvee Global Ltd.'s revenue from operations change in Q2 FY27 year-over-year?
Revenue from operations for Q2 FY27 was Rs. 1,960.77 Lakhs, which is a decrease from Rs. 2,783.13 Lakhs in Q2 FY26.
What was Varvee Global Ltd.'s net profit for the half year ended September 30, 2026?
The standalone net profit for the half year ended September 30, 2026, was Rs. 23.18 Lakhs, compared to Rs. 3,569.21 Lakhs for the half year ended September 30, 2025.
What was the Basic & Diluted EPS for Varvee Global Ltd. in Q2 FY27?
The Basic & Diluted EPS for the quarter ended September 30, 2026, was Rs. 1.32, down from Rs. 1.98 in the corresponding prior period.
Questions based on this BSE filing only. For information purposes.