Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Varvee Global Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 50 | 10 | 25 | 26 | 24 | 14 | 15 | 6 | 8 | -1 | 28 | 12 | 23 |
| Expenses + | 55 | 21 | 31 | 35 | 29 | 24 | 20 | 29 | 59 | 1 | 14 | 14 | 29 |
| Operating Profit | -5 | -11 | -6 | -9 | -5 | -11 | -5 | -23 | -52 | -1 | 14 | -1 | -6 |
| OPM % | -10% | -102% | -25% | -36% | -22% | -81% | -30% | -381% | -689% | 50% | -12% | -25% | |
| Other Income + | 0 | 0 | 2 | 3 | 1 | 45 | 34 | 23 | 38 | 7 | 6 | 22 | -15 |
| Interest | 13 | 10 | 12 | 8 | 7 | 5 | 4 | 2 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 5 | 6 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 |
| Profit before tax | -23 | -27 | -18 | -15 | -13 | 28 | 25 | -3 | -16 | 3 | 19 | 19 | -23 |
| Tax % | -32% | -31% | -29% | -56% | -49% | 19% | 66% | 102% | -45% | -677% | 46% | 72% | 26% |
| Net Profit + | -15 | -19 | -13 | -7 | -6 | 23 | 8 | -7 | -9 | 25 | 10 | 5 | -29 |
| EPS in Rs | -3.29 | -3.96 | -2.77 | -1.41 | -1.38 | 4.81 | 1.76 | -1.48 | -1.89 | 4.95 | 1.98 | 1.04 | -5.55 |
Financials of Varvee Global Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 746 | 841 | 844 | 827 | 752 | 565 | 265 | 421 | 261 | 85 | 42 | 63 |
| Expenses + | 679 | 764 | 772 | 747 | 669 | 529 | 285 | 431 | 289 | 113 | 122 | 57 |
| Operating Profit | 66 | 77 | 72 | 80 | 82 | 36 | -20 | -10 | -28 | -29 | -80 | 5 |
| OPM % | 9% | 9% | 9% | 10% | 11% | 6% | -7% | -2% | -11% | -34% | -189% | 9% |
| Other Income + | 3 | -1 | 2 | 3 | 3 | -0 | 12 | 25 | 7 | 4 | 130 | 20 |
| Interest | 35 | 37 | 38 | 43 | 49 | 53 | 51 | 43 | 46 | 37 | 13 | 1 |
| Depreciation | 31 | 31 | 33 | 33 | 34 | 38 | 28 | 25 | 25 | 12 | 4 | 5 |
| Profit before tax | 3 | 8 | 3 | 6 | 2 | -56 | -87 | -54 | -92 | -73 | 33 | 18 |
| Tax % | 95% | 17% | 35% | 12% | 37% | -24% | -27% | -24% | -30% | -39% | 43% | 32% |
| Net Profit + | 0 | 7 | 2 | 6 | 1 | -42 | -64 | -41 | -65 | -45 | 19 | 12 |
| EPS in Rs | 0.04 | 1.50 | 0.38 | 1.20 | 0.23 | -8.94 | -13.69 | -8.83 | -13.87 | -9.51 | 3.95 | 2.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Varvee Global Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 26 |
| Reserves | 232 | 240 | 243 | 248 | 250 | 208 | 144 | 103 | 38 | -6 | 12 | 51 |
| Borrowings + | 370 | 382 | 355 | 379 | 434 | 419 | 433 | 413 | 397 | 278 | 94 | 3 |
| Other Liabilities + | 145 | 178 | 210 | 268 | 241 | 193 | 110 | 89 | 70 | 144 | 74 | 104 |
| Total Liabilities | 771 | 825 | 831 | 919 | 949 | 843 | 711 | 629 | 528 | 438 | 204 | 184 |
| Fixed Assets + | 372 | 367 | 375 | 363 | 389 | 350 | 274 | 231 | 202 | 72 | 68 | 43 |
| CWIP | 2 | 1 | 5 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
| Other Assets + | 397 | 457 | 451 | 556 | 560 | 492 | 437 | 397 | 324 | 366 | 136 | 129 |
| Total Assets | 771 | 825 | 831 | 919 | 949 | 843 | 711 | 629 | 528 | 438 | 204 | 184 |
Financials of Varvee Global Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 47 | 75 | 110 | 38 | 51 | 65 | 45 | 13 | 40 | 110 | 27 | |
| Cash from Investing Activity + | -11 | -38 | -50 | -19 | -53 | 5 | 9 | 47 | 13 | 46 | 182 | |
| Cash from Financing Activity + | -36 | -33 | -63 | -19 | 3 | -70 | -42 | -63 | -62 | -156 | -196 | |
| Net Cash Flow | -0 | 4 | -3 | 0 | 0 | -1 | 12 | -4 | -10 | 0 | 13 | |
| Free Cash Flow | 39 | 35 | 66 | 22 | -10 | 63 | 50 | 59 | 53 | 151 | 209 | |
| CFO/OP | 71% | 100% | 154% | 48% | 63% | 181% | -223% | -125% | -141% | -385% | -34% |
Financials of Varvee Global Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 92 | 104 | 130 | 140 | 152 | 287 | 144 | 174 | 430 | 67 | 93 |
| Inventory Days | 132 | 127 | 114 | 146 | 189 | 234 | 283 | 204 | 230 | 405 | 34 | 296 |
| Days Payable | 74 | 90 | 109 | 151 | 167 | 167 | 160 | 100 | 109 | 235 | 78 | 457 |
| Cash Conversion Cycle | 143 | 129 | 109 | 125 | 161 | 219 | 410 | 247 | 295 | 600 | 23 | -69 |
| Working Capital Days | -18 | -22 | -25 | 1 | 16 | 20 | 8 | -6 | -65 | -369 | -886 | -272 |
| ROCE % | 6% | 8% | 6% | 8% | 8% | -0% | -7% | -6% | -11% | -10% | -37% | 19% |