Vardhman Polytex Reports Strong Profit Growth as Debt Settlement Yields 309.55 Crore Gain

Vardhman Polytex Reports Strong Profit Growth as Debt Settlement Yields 309.55 Crore Gain​

Vardhman Polytex Limited has announced significant improvements in its financial performance for the quarter ended June 30, 2026, highlighted by a substantial exceptional gain following the full and final settlement of outstanding debt with Phoenix ARC. The company reported a robust increase in profit, alongside ongoing efforts in asset optimization.

The company's profitability demonstrated strong year-on-year and sequential growth during the quarter. Profit reached 1.63 Crore in June 2026, up from 0.19 Crore in June 2025, representing approximately 757% YoY growth. Sequentially, profit increased from 0.88 Crore in March 2026 to 1.63 Crore in June 2026, marking about an 85% QoQ increase.

Exceptional Gain from Debt Resolution​

A key highlight of the quarter was the exceptional gain of 309.55 Crore recognized after successfully completing the full and final settlement of its debt with Phoenix ARC. This considerable gain has been reported under Exceptional Items in the financial results for the period ending June 30, 2026, strengthening the company's overall financial position.

This debt resolution was made possible following capital raises during the quarter. The Company allotted and listed Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) aggregating to 75 Crores on BSE Limited on April 6, 2026. Subsequently, Optionally Convertible Debentures (OCDs) amounting to 15 Crores were allotted on May 18, 2026.

Financial and Strategic Highlights​

The company's financial consolidation efforts are marked by robust growth metrics and strategic moves toward asset monetization.

Key operational and financial metrics for Vardhman Polytex Limited include:


The company also continues its strategic asset optimization strategy, which includes the monetization of approximately 26 Acres 6 Kanals 9 Marlas of land located at its Ludhiana Unit in Focal Point, Ludhiana.

Management Commentary​

Commenting on these developments, Mr. Adish Oswal, Chairman and Managing Director of Vardhman Polytex Limited, stated that the significant improvement in profitability, coupled with the successful resolution of the Phoenix ARC debt, represents a critical milestone in the company's financial consolidation journey. He added that the 309.55 Crore exceptional gain and the resulting strengthening of the financial position provide a solid foundation for long-term value creation and sustainable growth for shareholders and stakeholders.

Vardhman Polytex Limited remains focused on operational improvement, financial consolidation, and achieving sustainable long-term growth, driven by its strong profitability growth and the resolution of previous liabilities. Vardhman Polytex is part of the Oswal Group, which maintains a diversified presence across textiles and real estate, focusing on asset optimization and value creation.

VARDMNPOLY Stock Price Movement​

As of 9:41 AM, shares of Vardhman Polytex Limited are rallying, trading at ₹6.80 after climbing 1.49% in live market activity. Trading has been robust this morning, with the stock registering a volume of 71,932 shares during the ongoing session.