Vardhman Holdings Limited reported a 141.6% year-on-year (YoY) increase in consolidated net profit to ₹111.44 crore for the second quarter of FY27, compared with ₹46.12 crore in the corresponding quarter last year.
The company recorded a sharp increase in consolidated revenue from operations, which rose to ₹22.50 crore in Q2 FY27 from ₹2.75 crore in Q2 FY26, registering a growth of 718.2%.
Consolidated total income, including other income, stood at ₹23.04 crore during the quarter, compared with ₹3.22 crore in the year-ago period. The company’s consolidated earnings also received a significant contribution from its share of profit in associate companies.
Vardhman Holdings Q2 Results : Key Financial Highlights
- Consolidated revenue from operations: ₹22.50 crore, compared with ₹2.75 crore in Q2 FY26.
- Consolidated net profit: ₹111.44 crore, up 141.6% YoY.
- Consolidated total income: ₹23.04 crore, compared with ₹3.22 crore in the corresponding quarter last year.
- Profit before tax: ₹123.78 crore, compared with ₹57.49 crore in Q2 FY26.
- Share of profit from associates: ₹103.38 crore, compared with ₹54.63 crore in the year-ago quarter.
- Basic earnings per share (EPS): ₹349.19, against ₹144.50 in Q2 FY26.
Profit from Associate Companies Supports Earnings Growth
A major contributor to Vardhman Holdings’ consolidated performance was the share of profit from associate companies, which increased to ₹103.38 crore during Q2 FY27 from ₹54.63 crore in the corresponding quarter last year.
This contribution formed a substantial part of the company’s consolidated profit before tax of ₹123.78 crore.
As Vardhman Holdings operates as an investment and holding company, its consolidated earnings are influenced significantly by the financial performance of its associate companies and investment-related income.
The increase in profit from associates played an important role in the growth of consolidated net profit during the quarter.
Standalone Performance Also Records Growth
On a standalone basis, Vardhman Holdings reported revenue from operations of ₹64.43 crore in Q2 FY27, compared with ₹44.47 crore in Q2 FY26, registering an increase of approximately 44.9%.
Standalone total income increased 44.6% year-on-year to ₹64.97 crore, against ₹44.94 crore in the corresponding quarter last year.
Standalone net profit rose 50.5% to ₹49.99 crore from ₹33.21 crore in Q2 FY26. Profit before tax increased to ₹62.33 crore from ₹44.58 crore.
The standalone revenue from operations included dividend income of ₹45.70 crore and a net gain of ₹18.37 crore from fair value changes.
Understanding Vardhman Holdings’ Business Model
Vardhman Holdings is an investment and holding company. Unlike manufacturing companies, its financial performance is influenced by its investments, dividend income, changes in investment valuations and its share of earnings from associate companies.
The company’s consolidated results reflect the contribution of its associate companies, while its standalone results provide a picture of the company’s own investment-related income and expenses.
This distinction is important when assessing the company’s quarterly financial performance, particularly when comparing revenue growth with consolidated net profit growth.
Board Approves Q2 FY27 Financial Results
The Board of Directors of Vardhman Holdings Limited approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, at its meeting held on November 10, 2026.
The company submitted its financial results to the stock exchanges in accordance with the applicable SEBI disclosure requirements.
Conclusion
Vardhman Holdings delivered strong consolidated earnings growth in Q2 FY27, with net profit increasing 141.6% year-on-year to ₹111.44 crore. Revenue from operations also recorded a sharp increase to ₹22.50 crore.
The contribution of ₹103.38 crore from associate companies played a significant role in consolidated profitability. Meanwhile, standalone net profit grew 50.5% to ₹49.99 crore.
Going forward, the performance of associate companies, investment income and changes in the company’s investment portfolio will remain important factors influencing Vardhman Holdings’ financial performance.
Source: Vardhman Holdings Limited’s unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, filed with the stock exchanges on November 10, 2026.
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