Vippy Spinpro Ltd (514302)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Vippy Spinpro's revenue was ₹88.7 Cr (+26.6% year on year, +59.8% on the previous quarter), and net profit ₹3.4 Cr (+32.5% year on year); the operating margin was 11.0%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹88.7 | +26.6% | +59.8% |
| Operating profit | ₹9.8 | +100.6% | +70.3% |
| Net profit | ₹3.4 | +32.5% | +84.7% |
| EPS (₹) | 5.76 | +32.7% | +84.6% |
| Operating margin | 11.0% | — | — |
📢 Recent Corporate Announcements
Vippy Spinpro Limited has received approval from HDFC Bank Limited to enhance its fund-based working capital Cash Credit facility from ₹40 crore to ₹70 crore. The ₹30 crore increase represents approximately 11.2% of the company's TTM revenue of ₹268 crore and roughly 29% of its current market cap of ₹103 crore. The company stated that the enhanced limit will augment working capital requirements and support ordinary business operations, with documentation already completed. Given the company's existing debt of ₹112 crore and D/E of 1.12, higher utilization could increase finance costs.
- Cash Credit limit enhanced from ₹40 crore to ₹70 crore
- Net limit enhancement stands at ₹30 crore
- Approval received from HDFC Bank Limited via email on 07.10.2026
- Documentation completed by the company for the facility
Shareholders of Vippy Spinpro Ltd approved key directorate changes at the AGM held on September 25, 2026. Managing Director Shri Piyush Mutha was re-appointed for a 3-year term from April 1, 2027, to March 31, 2030, ensuring leadership continuity for the Rs 103 Cr market-cap textile firm. The company also approved the appointment of two independent/non-independent directors and noted the completion of terms for two outgoing directors, including Whole Time Executive Director Shri Manglore Maruthi Rao effective October 28, 2026.
- Re-appointment of Shri Piyush Mutha as Managing Director for 3 years (01.04.2027 to 31.03.2030)
- Appointment of Shri Chandrashekhar Sharma as Executive Non-Independent Director for 1 year (27.08.2026 to 27.08.2027)
- Re-appointment of Shri Manish Jhanwar as Non-Executive Independent Director for 5 years (03.05.2027 to 02.05.2032)
- Completion of tenure of Whole Time Executive Director Shri Manglore Maruthi Rao w.e.f. October 28, 2026
Vippy Spinpro Limited has approved the appointment of Shri Chandrashekhar Sharma as an Additional Director in the category of Executive–Non-Independent Director, effective August 27, 2026. The appointment is for a term of one year until August 27, 2027, subject to shareholder regularization at the ensuing Annual General Meeting. Mr. Sharma brings expertise in commercial operations, procurement, vendor management, purchase, and cotton planning.
- Appointment of Chandrashekhar Sharma as Additional Executive Director effective August 27, 2026
- Appointed for a tenure of 1 year from August 27, 2026 to August 27, 2027
- Subject to shareholder approval/regularization at the upcoming Annual General Meeting
- Candidate possesses domain expertise in commercial operations, purchase, and cotton planning
Vippy Spinpro has announced a series of board changes, including the re-appointment of Shri Piyush Mutha as Managing Director for a three-year term starting April 1, 2027. The company also appointed Smt. Muskaan Gupta as an Additional Independent Director effective August 10, 2026. Two directors, Smt. Deepa Sudhir Mekal and Shri Manglore Maruthi Rao, will complete their tenures in March 2027 and October 2026, respectively. These changes ensure leadership continuity for the Rs 102 Cr market cap company while refreshing the independent board composition.
- Shri Piyush Mutha re-appointed as Managing Director for a 3-year term from April 2027 to March 2030
- Smt. Muskaan Gupta appointed as Additional Independent Director for 1 year effective August 10, 2026
- Shri Manglore Maruthi Rao to complete tenure as Whole Time Executive Director on October 28, 2026
- Shri Manish Jhanwar re-appointed as Independent Director for a 5-year term starting May 3, 2027
- Shri Piyush Mutha brings over 33 years of experience in the cotton industry
Vippy Spinpro (Market Cap: ₹102 Cr) has approved the re-appointment of Shri Piyush Mutha as Managing Director for a 3-year term effective April 2027. The board also noted the upcoming exit of Whole Time Director Shri Manglore Maruthi Rao on October 28, 2026, following the completion of his tenure. Additionally, Smt. Muskaan Gupta was appointed as an Additional Independent Director for a 1-year term starting August 10, 2026. These changes ensure leadership continuity while managing standard board rotations.
- Shri Piyush Mutha re-appointed as Managing Director for a 3-year term from April 1, 2027, to March 31, 2030
- Shri Manglore Maruthi Rao to conclude his tenure as Whole Time Executive Director on October 28, 2026
- Smt. Muskaan Gupta appointed as Additional Independent Director for 1 year effective August 10, 2026
- Shri Manish Jhanwar re-appointed as Independent Director for a 5-year term starting May 3, 2027
- Smt. Deepa Sudhir Mekal to complete her second 5-year term as Independent Director on March 3, 2027
Vippy Spinpro reported a robust Q1 FY27 with revenue from operations growing 54.9% YoY to ₹110.26 Cr, which accounts for approximately 41% of its total TTM revenue. Net profit followed suit, rising 46.9% YoY to ₹5.91 Cr, despite a significant 187% spike in finance costs to ₹2.19 Cr. The quarterly EPS improved to ₹10.07 from ₹6.85 in the year-ago period. While top-line growth is strong, the sharp increase in interest expenses and material costs (up 59% YoY) warrants close monitoring of margin sustainability.
- Revenue from operations increased by 54.9% YoY to ₹110.26 Cr from ₹71.17 Cr.
- Net profit grew 46.9% YoY to ₹5.91 Cr compared to ₹4.03 Cr in June 2025.
- Finance costs surged to ₹2.19 Cr, a 187% increase from ₹0.76 Cr in the previous year's quarter.
- Quarterly EPS rose significantly to ₹10.07 from ₹6.85 YoY.
- Cost of materials consumed rose to ₹83.76 Cr, representing 76% of revenue.
Vippy Spinpro reported a strong start to FY27 with quarterly revenue reaching ₹110.26 Cr, a 54.9% increase YoY. Net profit grew 46.7% YoY to ₹5.91 Cr, while EPS improved to ₹10.07 from ₹6.85 in the year-ago period. The quarterly revenue of ₹110.26 Cr is significant, representing approximately 41% of the total TTM revenue of ₹268 Cr. However, finance costs saw a sharp 188% YoY increase to ₹2.19 Cr, which investors should monitor alongside the debt-to-equity ratio of 1.12.
- Revenue from operations grew 54.9% YoY to ₹110.26 Cr in Q1 FY27.
- Net profit increased 46.7% YoY to ₹5.91 Cr compared to ₹4.03 Cr in Q1 FY26.
- Quarterly EPS rose to ₹10.07, up from ₹5.76 in the preceding March quarter.
- Cost of materials consumed stood at ₹83.76 Cr, accounting for 76% of revenue.
- Finance costs increased significantly to ₹2.19 Cr from ₹0.76 Cr in the same quarter last year.
Vippy Spinpro has scheduled a board meeting for August 10, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. The company, a micro-cap with a market capitalization of ₹103 crore, reported a TTM revenue of ₹268 crore and a PAT of ₹12 crore. Investors will be monitoring if the company can sustain the revenue growth seen in the March 2026 quarter (₹88.69 crore) compared to the June 2025 quarter (₹71.17 crore). The company currently carries a debt-to-equity ratio of 1.12, making quarterly performance critical for debt servicing visibility.
- Board meeting scheduled for August 10, 2026, at 03:00 PM via video conferencing.
- Financial results to be approved for the quarter ended June 30, 2026.
- Trading window has been closed since July 01, 2026, and will remain so until 48 hours after the results declaration.
- Company reported a TTM EPS of ₹20.43 as per the latest available financial context.
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