Voith Paper Fabrics September Profit Rises 13% on Revenue

Voith Paper Fabrics India Limited reported profit of Rs 13.008 crore for the quarter ended September 30, 2026, up about 13% from Rs 11.524 crore a year earlier, as revenue from operations increased about 11% to Rs 59.141 crore. Profit was also Rs 0.365 crore above the June 2026 quarter.

How did Voith Paper Fabrics perform in the September 2026 quarter?

Voith Paper Fabrics recorded revenue from operations of Rs 59.141 crore in the September 2026 quarter, compared with Rs 53.236 crore in the September 2025 quarter and Rs 52.146 crore in the June 2026 quarter. The reported figures show year-on-year revenue growth of about 11% and sequential growth of about 13%. Total income rose to Rs 64.174 crore from Rs 58.299 crore a year earlier, while other income was marginally lower at Rs 5.033 crore against Rs 5.063 crore.

Profit before tax was Rs 17.467 crore, compared with Rs 15.398 crore in the year-earlier quarter and Rs 17.190 crore in the preceding quarter. No exceptional item was reported in any of the three quarterly columns, so profit before tax matched profit before exceptional item and tax. The Rs 2.069 crore year-on-year increase in pre-tax profit exceeded the Rs 1.944 crore rise in total income because total expenses rose by Rs 3.806 crore.

What drove Voith Paper Fabrics' profit increase?

Higher operating revenue was the main reported movement behind Voith Paper Fabrics' profit increase. Revenue from operations added Rs 5.905 crore year on year, while other income declined by Rs 0.030 crore. Profit for the period rose Rs 1.484 crore from the September 2025 quarter, after total tax expense increased to Rs 4.459 crore from Rs 3.874 crore.

Total expenses were Rs 46.707 crore in the September 2026 quarter, up from Rs 42.901 crore a year earlier. Cost of materials consumed increased Rs 1.352 crore to Rs 14.674 crore, purchases of stock-in-trade rose Rs 0.201 crore to Rs 6.142 crore, and employee benefits expense increased Rs 0.254 crore to Rs 5.666 crore. Changes in inventories were an expense of Rs 0.814 crore, compared with a Rs 1.018 crore credit in the prior-year quarter, while other expenses rose Rs 0.395 crore to Rs 15.830 crore.

How did the first half compare with last year?

Voith Paper Fabrics reported first-half revenue from operations of Rs 111.287 crore for the six months ended September 30, 2026, up from Rs 106.011 crore in the corresponding 2025 period. Profit for the six months was Rs 25.651 crore, compared with Rs 24.107 crore a year earlier. Operating revenue therefore increased Rs 5.276 crore and reported half-year profit increased Rs 1.544 crore.

Total income for the six months reached Rs 121.027 crore, against Rs 115.883 crore in the prior-year period, while total expenses increased to Rs 86.370 crore from Rs 83.668 crore. Profit before tax consequently rose to Rs 34.657 crore from Rs 32.215 crore, and tax expense increased to Rs 9.006 crore from Rs 8.108 crore. Basic and diluted earnings per share were Rs 58.40, up from Rs 54.91; Voith Paper Fabrics states that quarterly and half-year earnings per share are not annualised.

What do Voith Paper Fabrics' balance sheet and cash flows show?

Voith Paper Fabrics' total assets were Rs 491.826 crore at September 30, 2026, compared with Rs 471.647 crore at March 31, 2026. Current assets increased to Rs 354.126 crore from Rs 328.409 crore, including bank balances other than cash equivalents of Rs 259.609 crore, up from Rs 233.479 crore. Cash and cash equivalents rose to Rs 15.043 crore from Rs 10.240 crore, whereas trade receivables declined to Rs 29.293 crore from Rs 32.802 crore and inventories fell to Rs 44.521 crore from Rs 46.654 crore.

Total equity increased to Rs 445.650 crore at September 30 from Rs 423.706 crore at March 31, while total liabilities declined to Rs 46.176 crore from Rs 47.941 crore. Net cash generated from operating activities for the six months rose to Rs 28.982 crore from Rs 24.860 crore. Investing activities used Rs 19.763 crore, compared with cash generated of Rs 14.342 crore a year earlier, alongside Rs 285.400 crore invested in bank deposits and Rs 254.200 crore of deposit redemptions.

What business and accounting matters does Voith Paper Fabrics disclose?

Voith Paper Fabrics identifies its sole operating segment as manufacturing and selling felts, with the chief operating decision maker reviewing performance at the overall-company level. The September 30, 2026 filing therefore provides no separate product or geography-level financial results. The company also stated that it had no subsidiary, associate or joint venture at that date.

The board recommended a final dividend of Rs 10 per equity share, equal to 100% of the Rs 10 face value, for the financial year ended March 31, 2026. Shareholders approved the dividend at the annual general meeting on August 19, 2026, and cash flows show Rs 4.360 crore of dividend payments in the six months ended September 30, 2026. The board approved the September-quarter results on November 4, 2026, and the statutory auditors issued an unmodified limited-review conclusion.

Conclusion

Voith Paper Fabrics converted higher September-quarter operating revenue into higher reported profit, with revenue rising to Rs 59.141 crore and profit reaching Rs 13.008 crore. The half-year comparison also showed increases in revenue, profit before tax and operating cash generation, while the company continues to report its business as one felts manufacturing and sales segment.

The disclosed matter to watch is the accounting effect of India’s New Labour Codes. Voith Paper Fabrics recognised Rs 5.097 crore as an exceptional item in the year ended March 31, 2026 for past service costs and says it will assess any further accounting effect as state rules are finalised and government clarifications emerge.