Vardhman Acrylics LimitedQ2 FY27 Results & Financial Update
Vardhman Acrylics Limited: Q2 FY27 standalone results and company financials – revenue ₹113.38 Cr, PAT ₹5.92 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Vardhman Acrylics Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Vardhman Acrylics Limited recorded a standalone revenue from operations of INR 113.38 crore for the quarter ended September 30, 2026, marking a notable sequential expansion compared to the preceding quarter ended June 30, 2026.
Total income for Q2 FY27 stood at INR 116.29 crore, inclusive of INR 2.91 crore in other income.
Profit before tax (PBT) for the quarter reached INR 7.93 crore, while profit after tax (PAT) closed at INR 5.92 crore after accounting for a tax expense of INR 2.01 crore.
Basic and diluted earnings per share (EPS) for the standalone period was reported at INR 0.74.
Sequential comparisons indicate a contraction in net profitability despite the top-line expansion, driven by changes in cost structures and operational expenses during the quarter.
Finance costs remained minimal at INR 0.06 crore, reflecting a low debt burden, while depreciation and amortisation expenses were recorded at INR 0.75 crore.
01 · Business model
What does Vardhman Acrylics do?
Vardhman Acrylics Limited operates in the specialty chemical and synthetic fibre sector, manufacturing acrylic fibre primarily used in textile and apparel applications.
The company generates its core revenue from domestic and international sales of acrylic staple fibre, supported by secondary income streams including interest and other operating items.
Its commercial and manufacturing operations are structured on a standalone basis, catering to yarn spinners and textile manufacturers.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹113.38 Cr | ₹78.25 Cr |
| Total income | ₹116.29 Cr | ₹82.23 Cr |
| Profit before tax | ₹7.93 Cr | ₹20.92 Cr |
| Profit after tax | ₹5.92 Cr | ₹16.22 Cr |
| EPS | ₹0.74 | ₹2.02 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 5.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 7.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.91 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations increased to INR 113.38 crore in Q2 FY27 from INR 63.63 crore in Q1 FY27, representing a sequential growth of 44.89%.
Total income reached INR 116.29 crore, supported by INR 2.91 crore of other income and INR 0.16 crore of interest income.
What drove margins
PAT margin for Q2 FY27 stood at 5.22%, reflecting a contraction compared to the preceding quarter due to a sharper increase in operating and tax expenses relative to top-line growth.
Depreciation stood at INR 0.75 crore and finance costs remained subdued at INR 0.06 crore, exerting negligible pressure on the bottom line.
04 · Reported developments
What changed operationally
The company posted a strong sequential rise in operating revenue to INR 113.38 crore.
05 · Items worth noticing
The line items that can distort a quick read
The company reported provisions amounting to INR 0.38 crore for the quarter.
06 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Finance costs were reported at a nominal INR 0.06 crore for the quarter, indicating minimal reliance on debt financing.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Tax Expense
Total tax expense for the quarter was recorded at INR 2.01 crore.
08 · Previous-quarter changes
What changed since the previous quarter
Revenue rose from INR 78.25 crore in Q1 FY27 to INR 113.38 crore in Q2 FY27.
PAT moved from INR 16.22 crore in Q1 FY27 to INR 5.92 crore in Q2 FY27.
09 · Key Q&A
The quarter, answered directly
What does Vardhman Acrylics do?
Vardhman Acrylics Limited operates in the specialty chemical and synthetic fibre sector, manufacturing acrylic fibre primarily used in textile and apparel applications.
What is the clearest takeaway from Q2 FY27?
Vardhman Acrylics Limited recorded a standalone revenue from operations of INR 113.38 crore for the quarter ended September 30, 2026, marking a notable sequential expansion compared to the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Revenue from operations increased to INR 113.38 crore in Q2 FY27 from INR 63.63 crore in Q1 FY27, representing a sequential growth of 44.89%.
What mattered most for margins or profitability?
PAT margin for Q2 FY27 stood at 5.22%, reflecting a contraction compared to the preceding quarter due to a sharper increase in operating and tax expenses relative to top-line growth.
What changed operationally beyond the headline numbers?
Total tax expense for the quarter was recorded at INR 2.01 crore.
What should the next disclosure help confirm?
Monitor subsequent financial disclosures for demand stability in the acrylic fibre segment and margin normalisation.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Upcoming Quarterly Filings: Monitor subsequent financial disclosures for demand stability in the acrylic fibre segment and margin normalisation.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.