Vasundhara Rasayans September profit falls to Rs 3.84 lakh

Vasundhara Rasayans Limited reported profit after tax of Rs 3.84 lakh for the quarter ended 30 September 2026, down from Rs 2.06 crore a year earlier, as net sales declined to Rs 4.04 crore from Rs 8.82 crore. Vasundhara Rasayans remained profitable but reported lower profit than the Rs 64.80 lakh earned in the June 2026 quarter.

What changed in Vasundhara Rasayans’ September-quarter results?

Vasundhara Rasayans’ profit after tax fell 98.1% year on year to Rs 3.84 lakh in the September 2026 quarter from Rs 2.06 crore in September 2025. Profit before tax fell to Rs 5.19 lakh from Rs 2.78 crore, while tax expense declined to Rs 1.35 lakh from Rs 72.28 lakh. The results show no exceptional items in either September quarter.

Net sales were Rs 4.04 crore, compared with Rs 8.82 crore a year earlier, a decline of 54.2%. Other income decreased to Rs 38.43 lakh from Rs 85.98 lakh. Total income consequently fell to Rs 4.43 crore from Rs 9.68 crore, a reduction of Rs 5.25 crore between the two September quarters.

Vasundhara Rasayans reported earnings per share, or EPS, of Rs 0.12 for the September 2026 quarter, against Rs 6.47 in the corresponding prior-year period. Paid-up equity share capital was unchanged at Rs 3.18 crore, with a face value of Rs 10 per share. The lower EPS therefore accompanied the reported reduction in quarterly profit rather than a disclosed change in share capital.

How did Vasundhara Rasayans’ September quarter compare with June 2026?

Vasundhara Rasayans’ September-quarter profit after tax was lower than the Rs 64.80 lakh reported for the June 2026 quarter. The sequential reduction was Rs 60.96 lakh, although the company recorded profit in both periods. Profit before tax decreased from Rs 87.57 lakh in June to Rs 5.19 lakh in September.

Net sales fell from Rs 6.93 crore in the June 2026 quarter to Rs 4.04 crore in the September quarter, while total income declined from Rs 7.30 crore to Rs 4.43 crore. Other income rose slightly to Rs 38.43 lakh from Rs 36.88 lakh, but this did not offset the Rs 2.89 crore decline in net sales.

Total expenses also declined sequentially, reaching Rs 4.37 crore in September from Rs 6.43 crore in June. The difference between total income and total expenses narrowed to Rs 5.19 lakh from Rs 87.57 lakh, matching the reported change in profit before tax.

Which Vasundhara Rasayans cost lines moved in the reported quarters?

Vasundhara Rasayans reported total expenses of Rs 4.37 crore in the September quarter, down from Rs 6.90 crore in September 2025 and Rs 6.43 crore in June 2026. The year-on-year reduction in expenses was Rs 2.53 crore, while total income fell by Rs 5.25 crore. The decline in expenses was therefore smaller than the decline in income over the year.

Purchases of stock-in-trade were Rs 3.11 crore in September 2026, compared with Rs 2.90 crore in June 2026; the September 2025 figure was shown as nil. Vasundhara Rasayans also recorded an increase in stock-in-trade of Rs 1.51 crore in September 2026, compared with a decrease of Rs 53.15 lakh in the year-earlier quarter and an increase of Rs 1.51 crore in June 2026.

Employee benefits expense was Rs 40.51 lakh, down from Rs 67.78 lakh a year earlier and Rs 58.66 lakh in the preceding quarter. Other expenses were Rs 76.74 lakh, compared with Rs 2.88 crore in September 2025 and Rs 1.25 crore in June 2026. Finance cost was Rs 1.77 lakh, below Rs 9.18 lakh a year earlier and Rs 4.70 lakh sequentially, while depreciation and amortisation expense was Rs 7.74 lakh.

What do Vasundhara Rasayans’ half-year figures show?

Vasundhara Rasayans reported profit after tax of Rs 68.64 lakh for the half year ended 30 September 2026, compared with Rs 2.63 crore for the half year ended 30 September 2025. The six-month figure includes Rs 64.80 lakh of profit after tax in the June 2026 quarter and Rs 3.84 lakh in the September quarter.

Half-year net sales were Rs 10.97 crore, down from Rs 16.38 crore in the corresponding prior-year half. Other income was Rs 75.31 lakh, compared with Rs 1.54 crore a year earlier. Total income was therefore Rs 11.73 crore, against Rs 17.93 crore in the prior-year period.

Half-year total expenses declined to Rs 10.80 crore from Rs 14.37 crore. Profit before tax was Rs 92.76 lakh, compared with Rs 3.55 crore in the prior-year half, while tax expense was Rs 24.12 lakh against Rs 92.41 lakh. Basic and diluted EPS for the six months was Rs 2.16, compared with Rs 8.28 in the corresponding period.

How were Vasundhara Rasayans’ September results reviewed and approved?

Vasundhara Rasayans’ audit committee reviewed the September 2026 financial results on 12 November 2026, and the board approved them on the same date. The company submitted the unaudited quarterly and half-yearly results under Regulation 33 of the Securities and Exchange Board of India’s listing regulations. The filing identifies 30 September 2026 as the end date for both reported periods.

Mamta Jain & Associates conducted a limited review of the unaudited results for the quarter and half year ended 30 September 2026. The reviewer stated that nothing had come to its attention indicating that the statement omitted required information or contained a material misstatement. The report says a limited review provides moderate assurance and does not constitute an audit.

The results note says previous-period and previous-year figures were regrouped or reclassified where necessary to make them comparable. It also states that the 30 September 2025 quarter figures were compiled by management and had not been subjected to review or audit by the statutory auditors. This disclosure applies to the Rs 2.06 crore September 2025 profit after tax comparator.

Conclusion

Vasundhara Rasayans recorded a substantial year-on-year reduction in September-quarter sales, total income and profit after tax. Net sales declined by Rs 4.78 crore to Rs 4.04 crore, while profit after tax declined by Rs 2.02 crore to Rs 3.84 lakh. Compared with June 2026, both income and profit also fell despite lower total expenses and finance cost.

The next point to watch is the comparability of future reported periods, because Vasundhara Rasayans said earlier figures were regrouped or reclassified and the September 2025 quarterly comparator was compiled by management without statutory-auditor review. Subsequent results can show whether net sales move from the September-quarter Rs 4.04 crore level and whether the pre-tax gap between income and expenses widens from Rs 5.19 lakh.