1:2 Stock Split Confirmed! Small-Cap Textile Stock Fixes March 2 As Record Date; Buy Now?
Business
After Varvee Global Limited stated that a record date will be established for its upcoming stock split, the company’s shares are expected to stay in the spotlight. The company announced that Monday, March 2, 2026, has been set as the record date to ascertain shareholders’ eligibility for the subdivision of equity shares in an exchange filing to both BSE and NSE.
Varvee Global Stock Split Details
“This is to inform you that the Company has fixed Monday, March 02, 2026 as the “Record Date” for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 2 (two) equity shares having face value of Re. 5/- (Rupee five only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Equity Shareholders through Postal Ballot on 19th February, 2026,” Varvee Global confirmed in a regulatory filing.
Varvee Global Q3 Results
With revenue from operations increasing significantly to Rs 12.14 crore from Rs 5.94 crore in Q3 FY25, the firm had a good turnaround performance in Q3 FY26, indicating a robust rise of 104.30% YoY Revenue for the nine-month period (9M FY26) was Rs 39.42 crore, which was 12.78% more than the Rs 34.95 crore earned in 9M FY25.
The quarter saw a notable rebound in gross profit. In Q3 of FY26, the firm recorded a gross profit of Rs 7.21 crore, whereas in Q3 of FY25, it had a gross loss of Rs 14.44 crore. The gross profit for the nine-month period was Rs 33.30 crore, which reversed the gross loss of Rs 9.05 crore that was recorded during the same period last year.
After suffering a severe loss of Rs 22.60 crore in Q3 FY25, the firm reduced its EBITDA loss to Rs 1.47 crore in Q3 FY26. Compared to a loss of Rs 38.20 crore in 9M FY25, EBITDA went positive for 9M FY26 at Rs 11.25 crore.
After reporting a loss of Rs 6.94 crore in Q3 FY25, the firm posted a profit after tax (PAT) of Rs 5.35 crore in Q3 FY26. PAT jumped to Rs 41.04 crore for the nine-month period, a 71.67% rise over the Rs 23.91 crore recorded during the same period last year.
Additionally, there was a notable improvement in earnings per share (EPS). In contrast to the negative EPS of Rs 2.96 in Q3 FY25, the firm reported an EPS of Rs 7.36 in Q3 FY26. EPS jumped to Rs 21.54 for 9M FY26, a robust 111.37% growth over Rs 10.19 for 9M FY25.
“Our Q3 and 9M results reflect a fundamental turnaround in VGL’s earning capability. By delivering 9M gross margins of 84.5% and achieving a positive 9M EBITDA, we have proven that our focus on premium non-denim fabrics is the correct path for long-term growth. The assignment of a ‘Positive’ rating outlook from India Ratings marks our transition into a more stable, institutional-grade financial profile. We are now aggressively scaling; our expansion to 18 lakh meters per month is just the first step toward our 50lakh-meter goal. We remain committed to compounding free cash flow and maintaining a debt-free balance sheet as we capture the expanding opportunities in the Indian textile market,” – Mr. Jaimin Gupta, Chairman & Managing Director of Varvee Global Ltd said.
Varvee Global Target Price
“Varvee Global stock price is bearish on the Daily charts with strong resistance at 144. A Daily close below support of 127 could lead to a target of 114 in the near term,” commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.
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