Vashishtha Luxury Fashion H1 FY27 Net Profit Doubles to ₹2.2 Crore

Vashishtha Luxury Fashion Limited reported consolidated net profit of ₹2.18 crore for the half year ended 30 September 2026, almost doubling from ₹1.11 crore a year earlier, while revenue from operations increased 14% to ₹7.74 crore. The result matters because higher other income made a material contribution to the company’s reported profit.

What did Vashishtha Luxury Fashion report for H1 FY27?

Vashishtha Luxury Fashion reported consolidated revenue from operations of ₹7.74 crore in H1 FY27, compared with ₹6.79 crore in H1 FY26. Net profit rose to ₹2.18 crore from ₹1.11 crore, while earnings per share increased to ₹9.26 from ₹4.72.

Total income reached ₹9.37 crore, against ₹7.01 crore in the corresponding previous-year period. Profit before tax rose to ₹2.75 crore from ₹1.53 crore. The reported results were unaudited and covered the six months ended 30 September 2026.

The company’s board approved the standalone and consolidated financial statements on 14 November 2026. The limited review was conducted by SMNK & Co, and the company said the review did not identify a material misstatement in the disclosed figures.

How did the H1 FY27 profit increase?

Vashishtha Luxury Fashion’s net profit increased because of revenue growth and a sharp rise in other income. Revenue from operations expanded by ₹0.95 crore year-on-year, but other income rose to ₹1.63 crore from ₹0.22 crore, an increase of ₹1.41 crore.

This means non-operating income was an important contributor to the improvement in total income and profit before tax. Total income increased by ₹2.36 crore year-on-year, more than the ₹0.95 crore rise in revenue from operations alone.

The results summary placed operating margin at 28.7%, compared with 21.4% in H1 FY26. However, it also showed operating profit declining 15.4% year-on-year. Investors assessing the earnings improvement can therefore distinguish between the reported net-profit gain and the contribution from other income.

What was the quarterly trend during the half year?

Vashishtha Luxury Fashion’s disclosed Q2 revenue was ₹1.88 crore, compared with ₹0.50 crore in Q1 FY27 and ₹4.26 crore in Q2 FY26. The Q2 figure was therefore higher sequentially but about 56% lower than the prior-year quarter.

The company reported Q2 profit before tax of ₹0.08 crore, following a loss before tax of ₹0.25 crore in Q1 FY27. These figures indicate that the first half’s reported profitability was not evenly distributed across the two quarters.

The half-year filing remains the primary reported period for the board-approved consolidated results. The company did not provide a detailed management explanation in the supplied information for the quarter-on-quarter and year-on-year movement in Q2 revenue.

How does this compare with Vashishtha Luxury Fashion’s earlier results?

Vashishtha Luxury Fashion had reported revenue from operations of ₹14.29 crore and reported profit after tax of ₹1.86 crore for FY26. In FY25, sales turnover was ₹10.63 crore and reported profit after tax was ₹1.42 crore.

The H1 FY27 revenue of ₹7.74 crore represents more than half of FY26 revenue, although half-year and full-year periods are not directly comparable. The H1 FY27 net profit of ₹2.18 crore was above the company’s reported FY26 profit after tax of ₹1.86 crore, with the H1 figure supported by higher other income.

The company operates in the garments and apparels industry and is classified as a micro-cap company in the supplied market information. Its reported share price was ₹67.85, but the results disclosure did not state a market reaction to the announcement.

What is the status of the company’s IPO fund utilisation?

Vashishtha Luxury Fashion reported no deviation or variation in the use of IPO proceeds for the half year ended 30 September 2026. The company raised ₹8.87 crore through its IPO on 11 September 2025.

According to the filing summary, the IPO funds were earmarked for capital expenditure on embroidery machines, prepayment of borrowings, general corporate purposes and issue expenses. The Audit Committee and the board reviewed and took the utilisation statement on record.

The no-deviation disclosure is relevant because it confirms that the company reported using IPO proceeds in line with the stated allocation during the period. The supplied information does not provide a further break-up of spending by individual purpose for H1 FY27.

Conclusion

Vashishtha Luxury Fashion delivered higher H1 FY27 revenue and nearly doubled consolidated net profit, with revenue reaching ₹7.74 crore and net profit reaching ₹2.18 crore. The increase in other income to ₹1.63 crore was a central factor behind the stronger reported profit and total income.

Investors will watch the company’s future revenue trend, particularly after Q2 revenue of ₹1.88 crore, and the mix between operating performance and other income. The company has also disclosed that IPO proceeds of ₹8.87 crore showed no utilisation deviation as of 30 September 2026.