Vippy Spinpro profit more than doubles on 120% revenue rise

Vippy Spinpro Limited reported a profit of Rs 6.82 crore for the quarter ended September 30, 2026, compared with Rs 2.75 crore a year earlier, while revenue from operations rose 120% to Rs 115.99 crore from Rs 52.83 crore. The standalone unaudited results were approved by the board on November 5, 2026.

How did Vippy Spinpro perform in the September 2026 quarter?

Vippy Spinpro’s September-quarter profit was Rs 6.82 crore, up from Rs 2.75 crore in the quarter ended September 30, 2025 and Rs 5.91 crore in the preceding June 2026 quarter. The year-on-year increase was Rs 4.07 crore, while the sequential increase was Rs 0.91 crore. Earnings per share, not annualised, rose to Rs 11.62 from Rs 4.68 a year earlier and Rs 10.07 in June 2026.

Revenue from operations reached Rs 115.99 crore in the September 2026 quarter, compared with Rs 52.83 crore in September 2025 and Rs 114.26 crore in June 2026. Other income was Rs 89.31 lakh, taking total income to Rs 116.89 crore. The sequential revenue change was Rs 1.73 crore, indicating that sales remained close to the June-quarter level after the year-on-year increase.

What changed in Vippy Spinpro’s costs and profit before tax?

Vippy Spinpro reported profit before tax of Rs 9.11 crore for the September 2026 quarter, compared with Rs 3.90 crore in the year-earlier quarter and Rs 8.17 crore in June 2026. No exceptional item was shown in the quarterly statement. Profit after tax was Rs 6.82 crore, after current tax of Rs 2.32 crore and a deferred-tax charge of Rs 2.30 lakh.

Total expenses rose to Rs 107.72 crore from Rs 49.76 crore a year earlier, alongside the Rs 63.62 crore increase in total income. Cost of materials consumed was Rs 85.66 crore, against Rs 36.77 crore in September 2025 and Rs 84.76 crore in June 2026. Depreciation and amortisation expense was Rs 4.66 crore, compared with Rs 2.18 crore in the corresponding quarter of 2025.

Vippy Spinpro’s materials cost increased by Rs 48.89 crore year on year, accounting for much of the rise in total expenses as revenue expanded. The company disclosed that segment reporting under Indian Accounting Standard 108, or Ind AS 108, was not applicable because its entire operation relates to one segment. The filing therefore does not separate revenue, costs or profit by product line or geography.

How did Vippy Spinpro’s first-half results compare with last year?

Vippy Spinpro reported first-half profit of Rs 12.71 crore for the half year ended September 30, 2026, compared with Rs 6.77 crore in the corresponding six months of 2025. First-half revenue from operations rose to Rs 226.26 crore from Rs 123.99 crore. The Rs 5.94 crore increase in profit accompanied a Rs 102.26 crore rise in revenue.

Profit before tax for the first half was Rs 17.33 crore, compared with Rs 9.49 crore in the prior-year half, while total income increased to Rs 227.82 crore from Rs 125.37 crore. Total expenses rose to Rs 210.48 crore from Rs 115.48 crore. First-half profit of Rs 12.71 crore also exceeded the Rs 11.98 crore profit reported for the full year ended March 31, 2026.

Vippy Spinpro reported total comprehensive income of Rs 13.25 crore for the half year, compared with Rs 6.83 crore in the corresponding period of 2025. Equity share capital was Rs 5.87 crore at September 30, 2026, unchanged from March 31, 2026. Other equity was Rs 107.17 crore at September 30, compared with Rs 93.86 crore at the preceding financial year-end.

What does Vippy Spinpro’s half-year cash flow show?

Vippy Spinpro reported net cash inflow from operating activities of Rs 36.57 crore for the half year ended September 30, 2026. The filing showed profit before income tax of Rs 17.40 crore and depreciation and amortisation of Rs 9.26 crore in the cash-flow reconciliation. Income taxes paid were Rs 3.43 crore during the six-month period.

Working-capital movements included Rs 8.44 crore from trade payables and other liabilities, a Rs 9.95 crore increase in trade receivables, and Rs 10.12 crore from financial and other assets. These movements were included in the reported operating cash-flow calculation for the half year. The cash-flow statement did not provide a corresponding September 2025 half-year cash-flow comparison.

Investing activities used Rs 2.09 crore, including payments of Rs 2.46 crore for property, plant and equipment. Financing activities used Rs 33.43 crore, while the resulting net increase in cash and cash equivalents was Rs 1.05 crore. Cash and cash equivalents were Rs 1.06 crore at September 30, 2026, compared with Rs 1.24 lakh at the beginning of the financial year.

What accounting and review matters did Vippy Spinpro disclose?

Vippy Spinpro’s audit committee reviewed and recommended the September 2026 results, which the board approved on November 5, 2026. R.S. Bansal & Co. conducted a limited review under Regulation 33 of the Securities and Exchange Board of India listing regulations. The reviewer said nothing had come to its attention indicating that the results contained a material misstatement or lacked required disclosures.

The auditor also stated that a review is substantially narrower in scope than an audit and did not express an audit opinion. Vippy Spinpro described the September-quarter figures as balancing figures between the unaudited half-year numbers and published year-to-date figures through June 30, 2026. The company also said earlier-period figures were restated, regrouped, rearranged, reclassified or recast where necessary.

Vippy Spinpro disclosed an employee-benefit matter arising from four labour codes notified on November 21, 2025. It had recognised a past-service cost of Rs 72.61 lakh in the year ended March 31, 2026, then wrote back Rs 18.15 lakh of liability in each quarter after an actuarial valuer’s report and an independent examination. The company said gratuity had been adequately provided for employees in earlier years.

Conclusion

Vippy Spinpro’s September-quarter results show higher sales and profit versus both the September 2025 and June 2026 quarters. Revenue from operations reached Rs 115.99 crore and profit was Rs 6.82 crore, while first-half revenue and profit rose to Rs 226.26 crore and Rs 12.71 crore, respectively. Operating cash inflow for the first half was Rs 36.57 crore.

The disclosed item to watch in future results is the employee-benefit accounting treatment following the Rs 18.15 lakh quarterly liability write-back. Readers can also track whether revenue stays near the September-quarter level of Rs 115.99 crore and how changes in receivables, payables and capital expenditure affect cash flow.