{"id":69288,"date":"2026-10-24T15:45:04","date_gmt":"2026-10-24T10:15:04","guid":{"rendered":"https:\/\/jodhpurreporter.com\/index.php\/2026\/10\/24\/varvee-global-reports-rs-6-78-crore-profit-in-q2-swings-back-to-profitability\/"},"modified":"2026-10-24T15:45:04","modified_gmt":"2026-10-24T10:15:04","slug":"varvee-global-reports-rs-6-78-crore-profit-in-q2-swings-back-to-profitability","status":"publish","type":"post","link":"https:\/\/jodhpurreporter.com\/index.php\/2026\/10\/24\/varvee-global-reports-rs-6-78-crore-profit-in-q2-swings-back-to-profitability\/","title":{"rendered":"Varvee Global reports Rs 6.78 crore profit in Q2, swings back to profitability"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>Ahmedabad (Gujarat) [India], October 24<\/strong>: Varvee Global Limited, a vertically integrated textile manufacturing company formerly known as Aarvee Denims and Exports Limited, reported a net profit of Rs 6.78 crore for the quarter ended September 30, 2026, marking a sharp turnaround from the net loss of Rs 6.56 crore in the preceding quarter. The results were approved by the company\u2019s Board of Directors at a meeting held today.<\/p>\n<p class=\"wp-block-paragraph\">The company\u2019s return to profitability was accompanied by a more than threefold sequential increase in total income to Rs 27.68 crore in the September 2026 quarter from Rs 8.88 crore in the June quarter. However, on a year-on-year basis, total income declined from Rs 34.32 crore in the September 2025 quarter, while net profit fell from Rs 10.21 crore in the corresponding period last year.<\/p>\n<p class=\"wp-block-paragraph\">For the first half of the financial year 2026-27, Varvee Global reported total income of Rs 36.56 crore, compared with Rs 40.59 crore in the corresponding period of the previous fiscal year. Net profit for the six-month period stood at Rs 23.18 lakh, against Rs 35.69 crore a year earlier.<\/p>\n<p class=\"wp-block-paragraph\">Commenting on the results, Tarachand Agrawal, Whole-time Director, Varvee Global Limited, said, <em>\u201cThe return to profitability in the September quarter, with a net profit of Rs 6.78 crore following the loss in the preceding quarter, marks a significant improvement in our financial performance. We remain focused on strengthening our operational performance, improving business efficiency and sustaining the strong growth momentum and recovery in the coming quarters.\u201d<\/em><\/p>\n<p class=\"wp-block-paragraph\">Varvee Global manufactures denim, non-denim, poplin, shirting and suiting fabrics, as well as cotton yarn and fibres. Its manufacturing facility in Narol, Ahmedabad, houses in-house processes including weaving, dyeing and finishing. In recent years, the company has diversified its focus towards non-denim shirting and suiting fabrics, B2B job work and fabric trading. In July 2026, it incorporated Varvee Energy, a wholly owned subsidiary focused on renewable energy solutions.<\/p>\n<p class=\"wp-block-paragraph\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ahmedabad (Gujarat) [India], October 24: Varvee Global Limited, a vertically integrated textile manufacturing company formerly known as Aarvee Denims and Exports Limited, reported a net profit of Rs 6.78 crore for the quarter ended September 30, 2026, marking a sharp turnaround from the net loss of Rs 6.56 crore in the preceding quarter. The results [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69289,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[631],"class_list":["post-69288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/posts\/69288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/comments?post=69288"}],"version-history":[{"count":0,"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/posts\/69288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/media\/69289"}],"wp:attachment":[{"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/media?parent=69288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/categories?post=69288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jodhpurreporter.com\/index.php\/wp-json\/wp\/v2\/tags?post=69288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}