Brahm Virat Industries Corporation Limited first-half profit up 37%

Brahm Virat reported profit after tax of Rs 3.6985 crore for the half year ended September 30, 2026, up 37% from Rs 2.706 crore a year earlier, despite revenue from operations falling 14% to Rs 13.6287 crore. A 19% reduction in total expenses and higher other income supported the reported increase in profit.

What were Brahm Virat's first-half results?

Brahm Virat's profit after tax rose to Rs 3.6985 crore in the half year ended September 30, 2026, from Rs 2.706 crore in the corresponding 2025 period. Profit before tax increased to Rs 4.8827 crore from Rs 3.5875 crore, while total comprehensive income rose to Rs 3.7473 crore from Rs 2.669 crore.

Revenue from operations declined by Rs 2.2197 crore to Rs 13.6287 crore from Rs 15.8484 crore. Other income rose by Rs 0.6425 crore to Rs 3.523 crore, partly offsetting the operating-revenue decline, and total income fell by Rs 1.5772 crore to Rs 17.1517 crore.

Current tax expense increased to Rs 1.2061 crore from Rs 0.9084 crore, while deferred tax was a credit of Rs 2.19 lakh, compared with a Rs 2.69 lakh credit a year earlier. Basic and diluted earnings per share, not annualised, were Rs 2.55 for the six months, against Rs 2.29 in the prior-year half.

Why did Brahm Virat's profit rise while revenue fell?

Brahm Virat's profit rose because its Rs 2.8724 crore reduction in total expenses exceeded the Rs 1.5772 crore decline in total income. Total expenses were Rs 12.269 crore in the September 2026 half, compared with Rs 15.1414 crore in the corresponding previous-year period.

Cost of materials consumed fell to Rs 4.5935 crore from Rs 5.7167 crore, other expenses declined to Rs 4.5161 crore from Rs 5.3433 crore, and depreciation expense decreased to Rs 17.16 lakh from Rs 30.96 lakh. Employee-benefit expense was nearly unchanged at Rs 3.1095 crore, compared with Rs 3.1236 crore, while finance costs fell to Rs 2.31 lakh from Rs 2.82 lakh.

The inventory-change line recorded a credit of Rs 14.48 lakh for the six months ended September 2026, versus an expense of Rs 52 lakh a year earlier. The filing does not provide a product-level explanation for the decline in operating revenue, although it identifies manufacturing socks as Brahm Virat's principal business and its only primary reportable segment.

Other income represented about 21% of Rs 17.1517 crore total income in the latest half, compared with about 15% of Rs 18.7289 crore a year earlier. The cash-flow statement includes Rs 2.2043 crore of interest income and a Rs 1.0702 crore gain on mutual funds, indicating that income outside operations was a material part of the reported first-half result.

How did Brahm Virat perform in the September 2026 quarter?

Brahm Virat reported September-quarter profit after tax of Rs 1.5651 crore, lower than Rs 2.1334 crore in the June 2026 quarter and Rs 1.8217 crore in the September 2025 quarter. Revenue from operations was Rs 4.1713 crore, compared with Rs 9.4574 crore in the preceding quarter and Rs 7.2424 crore a year earlier.

Other income increased to Rs 2.0835 crore in the September quarter from Rs 1.4395 crore in June and Rs 1.8145 crore in the year-earlier quarter. Total income was Rs 6.2548 crore, down from Rs 10.8969 crore in June, while total expenses decreased to Rs 4.2141 crore from Rs 8.0549 crore.

Profit before tax for the September quarter was Rs 2.0407 crore, compared with Rs 2.842 crore in June and Rs 2.4105 crore in September 2025. The movement shows that the first-half profit increase was achieved despite a lower second-quarter revenue and profit contribution than in both comparison quarters.

What changed in Brahm Virat's balance sheet and cash flow?

Brahm Virat's total assets were Rs 137.9435 crore at September 30, 2026, compared with Rs 134.6745 crore at March 31, 2026. Total equity increased to Rs 134.4863 crore from Rs 130.7391 crore, while current liabilities fell to Rs 3.1795 crore from Rs 3.7168 crore.

Cash and cash equivalents stood at Rs 58.0933 crore at September 30, 2026, versus Rs 57.8089 crore at March 31, 2026. Current financial investments were Rs 52.0602 crore at the September reporting date, while inventories rose to Rs 8.8841 crore from Rs 8.654 crore and trade receivables increased to Rs 4.4569 crore from Rs 3.9173 crore.

Net cash generated from operating activities was Rs 11.32 lakh for the half year ended September 2026, after Rs 1.1211 crore of income tax paid. Cash generated from operations was Rs 1.2343 crore, while net cash from investing activities was Rs 73.44 lakh and financing activities used Rs 56.33 lakh.

Brahm Virat changed its name from Virat Industries Limited with effect from September 15, 2026, following approval from the Registrar of Companies, Ministry of Corporate Affairs. The board approved the unaudited September-half results on November 5, 2026, and the statutory auditor's review report said nothing had come to its attention to indicate a material misstatement.

Conclusion

Brahm Virat's first-half figures show reported profit rising faster than income because expenses fell by Rs 2.8724 crore, while other income increased by Rs 0.6425 crore. Operating revenue nevertheless declined by Rs 2.2197 crore, and the September quarter produced Rs 1.5651 crore of profit after tax, below both the June 2026 and September 2025 quarters.

The next disclosed matter is the proposed investment in Brahm Well Being & Lifestyle Corporation Private Limited. Members approved on October 1, 2026 a preferential subscription for 3,51,85,185 equity shares at Rs 27 each, aggregating to approximately Rs 95 crore and representing 70.28% of its post-acquisition paid-up equity share capital, subject to required approvals, consents, permissions and sanctions.