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Thu, 29 Oct 2026
06:50:24 am
Thu, 29 Oct 2026
06:50:24 am
Synopsis
Vaibhav Global Q2 FY27 results show net profit falling 12.3% to ₹41.71 crore despite 7% revenue growth. The company declared a ₹1.50 interim dividend per share.
Vaibhav Global reported a 12.3% year-on-year decline in consolidated net profit to ₹41.71 crore in Q2 FY27, compared with ₹47.55 crore in the same quarter last year.
Revenue from operations grew 7% to ₹938.37 crore, but higher operating expenses affected profitability. The company also declared a second interim dividend of ₹1.50 per share for FY27.
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue from operations | ₹938.37 crore | ₹877.32 crore | +7.0% |
| Total income | ₹946.57 crore | ₹887.84 crore | +6.6% |
| EBITDA | ₹76.2 crore | ₹88.0 crore | -13.5% |
| EBITDA margin | 8.1% | 10.0% | -190 bps |
| Profit before tax | ₹44.42 crore | ₹60.25 crore | -26.3% |
| Net profit | ₹41.71 crore | ₹47.55 crore | -12.3% |
| Basic EPS | ₹2.49 | ₹2.85 | -12.6% |
The board approved a second interim dividend of ₹1.50 per equity share for FY27, with November 4, 2026, set as the record date.
Including the earlier interim dividend of ₹1.50 per share, the total dividend declared so far in FY27 stands at ₹3 per share.
Digital revenue increased 9.1% year-on-year to ₹367.5 crore, while TV revenue grew 2.7% to ₹500.2 crore. The company said its migration of retail websites to Shopify Enterprise created temporary integration issues that affected digital conversion and revenue.
| Channel | Q2 FY27 Revenue | YoY Growth |
|---|---|---|
| Digital | ₹367.5 crore | +9.1% |
| TV | ₹500.2 crore | +2.7% |
For the first half of FY27, revenue from operations rose 9.7% to ₹1,855.4 crore. EBITDA increased 9.6% to ₹178.3 crore, with a margin of 9.6%.
B2B revenue grew 32.4% year-on-year to ₹70.9 crore, while B2B EBITDA increased 18.5% to ₹42.4 crore.
Higher operating costs weighed on quarterly profitability. Other expenses increased to ₹408.84 crore from ₹346.38 crore a year earlier. Content and broadcasting expenses rose to ₹204.60 crore from ₹173.93 crore.
Although gross margin expanded to 65.5%, increased digital marketing and freight costs, alongside operating deleverage, contributed to the decline in EBITDA margin.
| Period | Return |
|---|---|
| 1 day | +0.99% |
| 5 days | -5.76% |
| 1 month | -5.95% |
| 6 months | -14.56% |
| 1 year | -21.71% |
| 5 years | -69.64% |
Vaibhav Global recorded revenue growth in Q2 FY27, but lower net profit and EBITDA reflected pressure from rising costs. Investors may track the company’s operating expenses, digital channel performance and margins in upcoming quarters.
This article is for informational purposes only and is not investment advice.
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