Veejay Lakshmi divisions return to profit in September quarter

Veejay Lakshmi Engineering Works Limited reported positive profit before interest and tax in both operating divisions for the quarter ended 30 September 2026, with engineering at Rs 18 lakh and textiles at Rs 10.37 lakh, reversing respective losses of Rs 139.34 lakh and Rs 47.38 lakh a year earlier.

Did Veejay Lakshmi’s divisions make a profit in September 2026?

Yes. Veejay Lakshmi reported a Rs 18 lakh segment profit before interest and tax in engineering and Rs 10.37 lakh in textiles for the quarter ended 30 September 2026. The combined segment result was Rs 28.37 lakh, compared with a combined loss of Rs 186.72 lakh in the quarter ended 30 September 2025.

Engineering recorded the larger turnaround, moving from a Rs 139.34 lakh loss in the September 2025 quarter to a Rs 18 lakh profit in September 2026. Textile profit before interest and tax changed from a Rs 47.38 lakh loss to a Rs 10.37 lakh profit over the same period; the filing reports these figures before interest and tax rather than as segment-level profit after tax.

Both divisions also improved from the quarter ended 30 June 2026. Engineering had reported a Rs 47.84 lakh loss in that quarter and textile had reported a Rs 30.53 lakh loss, producing a combined Rs 78.37 lakh loss before the September-quarter profit of Rs 28.37 lakh.

Which division generated more revenue for Veejay Lakshmi?

The textile division remained Veejay Lakshmi’s larger revenue contributor, reporting Rs 17.04 crore of segment revenue in the September 2026 quarter against Rs 4.78 crore for engineering. Textile revenue was more than three times engineering revenue before the Rs 0.22 lakh elimination of inter-segment revenue.

Textile segment revenue increased from Rs 14.79 crore in the September 2025 quarter to Rs 17.04 crore in September 2026. Engineering revenue rose from Rs 4.70 crore to Rs 4.78 crore, while total segment revenue, including inter-segment revenue, increased to Rs 21.81 crore from Rs 19.49 crore.

The sequential revenue comparison was also positive in both divisions. Engineering revenue rose from Rs 3.30 crore in the quarter ended 30 June 2026, while textile revenue increased from Rs 12.51 crore; company net sales/income from operations rose from Rs 15.81 crore to Rs 21.81 crore.

How did segment profits reconcile with Veejay Lakshmi’s company result?

Veejay Lakshmi reported Rs 42.67 lakh profit before tax for the September 2026 quarter after interest, unallocable expenditure and unallocable income were included in the company-level result. The Rs 28.37 lakh combined segment result was adjusted for Rs 61.91 lakh of interest, Rs 13.21 lakh of other unallocable expenditure and Rs 89.42 lakh of unallocable income.

The company-level profit before tax compared with a Rs 176.12 lakh loss in the September 2025 quarter. Revenue from operations increased to Rs 21.81 crore from Rs 19.48 crore, while total expenses were Rs 22.28 crore in September 2026 compared with Rs 22.24 crore a year earlier.

The financial-results statement reported net profit of Rs 47.03 lakh for the September 2026 quarter and a deferred-tax figure of Rs 4.36 lakh. The statutory auditors issued an unmodified opinion on the unaudited standalone and consolidated results for the quarter and period ended 30 September 2026, according to the company’s 10 November 2026 filing.

What do Veejay Lakshmi’s half-year and balance-sheet figures show?

Veejay Lakshmi’s revenue from operations for the half-year ended 30 September 2026 was Rs 37.62 crore, below Rs 39.80 crore in the corresponding half-year ended 30 September 2025. The combined segment result was a Rs 50 lakh loss for the six months, narrowing from a Rs 354.37 lakh loss in the prior-year half-year.

Engineering reported a Rs 29.84 lakh segment loss for the half-year ended 30 September 2026, compared with a Rs 292.64 lakh loss a year earlier. Textile reported a Rs 20.16 lakh loss, compared with a Rs 61.73 lakh loss, showing that the September-quarter profits followed losses in both divisions during the first half.

Textile segment assets were Rs 44.24 crore at 30 September 2026, compared with Rs 15.09 crore for engineering. Textile liabilities were Rs 41.98 crore and engineering liabilities were Rs 11.34 crore; total assets were Rs 65.70 crore, total segment liabilities were Rs 55.92 crore and total capital employed was Rs 9.77 crore.

The standalone balance sheet showed inventories of Rs 19.48 crore at 30 September 2026, up from Rs 11.21 crore at 31 March 2026. Trade receivables fell to Rs 4.83 crore from Rs 6.37 crore, while short-term borrowings increased to Rs 13.25 crore from Rs 10.12 crore over the same six-month period.

Conclusion

Veejay Lakshmi’s segment disclosure shows that both operating divisions returned to positive profit before interest and tax in the September 2026 quarter after reporting losses a year earlier and in the preceding June quarter. Textile remained the larger revenue business at Rs 17.04 crore, while engineering delivered the larger segment profit at Rs 18 lakh.

The next results should show whether September’s segment profitability continues after the first half’s combined Rs 50 lakh segment loss. Investors can also watch the movement in inventories, which rose by Rs 8.27 crore from 31 March 2026, and short-term borrowings, which increased by Rs 3.13 crore over the same period.