Swasti Vinayaka Synthetics September Profit Rises 70%

Swasti Vinayaka Synthetics Limited reported net profit of Rs 61.20 lakh for the quarter ended September 30, 2026, up from Rs 36.03 lakh a year earlier, while total income declined to Rs 6.0722 crore from Rs 9.498 crore. The unaudited standalone statement shows profit before tax also rose to Rs 61.20 lakh.

What did Swasti Vinayaka Synthetics report for September 2026?

Swasti Vinayaka Synthetics reported unaudited net profit of Rs 61.20 lakh for the quarter ended September 30, 2026, compared with Rs 36.03 lakh in the quarter ended September 30, 2025. The increase was Rs 25.17 lakh, or about 69.9%, and the company reported the same Rs 61.20 lakh figure for profit before tax.

Total income fell by Rs 3.4258 crore year on year to Rs 6.0722 crore from Rs 9.498 crore. Revenue from operations declined to Rs 6.0254 crore from Rs 7.8704 crore, while other income declined to Rs 4.68 lakh from Rs 1.6285 crore. The fall in other income accounted for Rs 1.5817 crore of the overall income reduction.

The quarterly statement recorded no exceptional items, no profit from discontinuing operations and no tax expense for September 2026. Accordingly, Swasti Vinayaka Synthetics reported identical profit-before-tax and net-profit figures of Rs 61.20 lakh. Basic and diluted earnings per equity share were Rs 0.07, compared with Rs 0.04 in the September 2025 quarter.

Which income and expense lines changed year on year?

Swasti Vinayaka Synthetics reported lower costs of materials consumed, employee benefits, finance costs and depreciation for the quarter ended September 30, 2026. Materials consumed were Rs 3.6284 crore against Rs 4.1368 crore a year earlier, employee benefit expense was Rs 60.61 lakh against Rs 75.35 lakh, finance cost was Rs 16.07 lakh against Rs 31.62 lakh, and depreciation and amortisation was Rs 6.97 lakh against Rs 10.95 lakh.

Other expenses moved in the opposite direction, rising to Rs 2.6153 crore from Rs 1.9412 crore in the year-earlier quarter. Purchases of stock-in-trade were Rs 60.16 lakh in September 2026, compared with Rs 63.28 lakh in September 2025. These disclosed movements show that not every operating cost line declined alongside the fall in revenue.

Changes in inventories of finished goods, work in progress and stock-in-trade were reported as negative Rs 1.4118 crore in the September 2026 quarter, compared with a positive Rs 1.2486 crore expense in the September 2025 quarter. That was a Rs 2.6604 crore change in the reported inventory line. The filing does not provide management commentary on the reason for that movement.

The published statement lists total expenses of Rs 6.3602 crore for September 2026 and Rs 9.1388 crore for September 2025. Those displayed total-expense figures do not reconcile arithmetically with the statement's reported total income and profit-before-tax figures. Swasti Vinayaka Synthetics did not provide a note explaining the apparent inconsistency in the filed results table.

How did September compare with the June 2026 quarter?

Swasti Vinayaka Synthetics' net profit increased to Rs 61.20 lakh in the September 2026 quarter from Rs 54.30 lakh in the quarter ended June 30, 2026. However, profit before tax declined to Rs 61.20 lakh from Rs 72.30 lakh, while total income decreased to Rs 6.0722 crore from Rs 7.2571 crore.

Revenue from operations declined sequentially to Rs 6.0254 crore from Rs 7.2165 crore, whereas other income rose to Rs 4.68 lakh from Rs 4.08 lakh. The contrast between lower pre-tax profit and higher net profit reflected the tax lines reported in the two quarters: the June statement recorded Rs 18 lakh of current income tax, while the September statement did not record tax expense.

Basic and diluted earnings per share rose to Rs 0.07 in September from Rs 0.06 in June. Paid-up equity share capital was Rs 9 crore in both quarters, with a face value of Rs 1 per share. The unchanged share-capital figure means the reported per-share increase accompanied the increase in net profit.

What was Swasti Vinayaka Synthetics' half-year result?

Swasti Vinayaka Synthetics reported net profit of Rs 1.161 crore for the half year ended September 30, 2026, up from Rs 61.22 lakh in the corresponding half year of 2025. Total income for the six-month period declined to Rs 14.2293 crore from Rs 16.0354 crore, while profit before tax rose to Rs 1.381 crore from Rs 61.22 lakh.

The half-year net profit combines Rs 54.90 lakh reported for the June 2026 quarter and Rs 61.20 lakh for the September 2026 quarter. A current income-tax charge of Rs 18 lakh was reported in June and carried into the six-month result, resulting in half-year net profit of Rs 1.161 crore against profit before tax of Rs 1.381 crore. Half-year basic and diluted earnings per share were Rs 0.13, compared with Rs 0.07 a year earlier.

Revenue from operations for the half year was Rs 14.1499 crore, compared with Rs 15.2843 crore in the prior-year half year. Other income was Rs 8.73 lakh, compared with Rs 75.11 lakh. The half-year income decline was therefore reported in both operating revenue and other income.

The cash-flow statement reported cash and cash equivalents of Rs 38 lakh at September 30, 2026, compared with Rs 22 lakh at the start of the financial year. It reported net cash generated from financing activities of Rs 77 lakh and net cash used in investing activities of Rs 23 lakh for the period ended September 30, 2026.

What did the limited review report say?

Sanjay Raja Jain & Co. conducted a limited review of Swasti Vinayaka Synthetics' unaudited standalone financial results for the quarter and half year ended September 30, 2026. The firm stated that nothing had come to its attention that caused it to believe the results had not disclosed the required information or contained a material misstatement.

The auditor said its conclusion was not modified. Its report also states that a review is limited mainly to inquiries and analytical procedures, provides moderate assurance, and is not an audit opinion. The board approved the unaudited results on November 13, 2026, at a meeting that commenced at 7:00 p.m. and concluded at 7:30 p.m.

The filing was made under Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The results cover the quarter and half year ended September 30, 2026, and the filing identifies the figures as unaudited. No management forecast, revenue target or future operating plan was disclosed in the announcement.

Conclusion

Swasti Vinayaka Synthetics reported a 69.9% year-on-year increase in September-quarter net profit to Rs 61.20 lakh despite a Rs 3.4258 crore decline in total income to Rs 6.0722 crore. The filing shows lower materials, employee, finance and depreciation costs, higher other expenses, and a Rs 2.6604 crore change in the inventory movement line versus the year-earlier quarter.

The principal matter to watch is whether Swasti Vinayaka Synthetics clarifies the apparent arithmetic mismatch between the September 2026 total-expense figure of Rs 6.3602 crore and its reported income and profit-before-tax figures. The filing does not disclose a subsequent target, plan or scheduled corporate event beyond the board's November 13, 2026 approval of the September-quarter and half-year results.