Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Virat Industries
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 + | 9.94 | 9.85 | 8.39 | 8.46 | 5.73 | 5.99 | 11.59 | 6.31 | 7.73 | 8.61 | 7.24 | 5.85 | 5.10 |
| Expenses + | 9.09 | 8.97 | 7.80 | 8.67 | 5.43 | 5.54 | 11.35 | 5.98 | 7.52 | 8.31 | 6.50 | 5.57 | 5.47 |
| Operating Profit | 0.85 | 0.88 | 0.59 | -0.21 | 0.30 | 0.45 | 0.24 | 0.33 | 0.21 | 0.30 | 0.74 | 0.28 | -0.37 |
| OPM % | 8.55% | 8.93% | 7.03% | -2.48% | 5.24% | 7.51% | 2.07% | 5.23% | 2.72% | 3.48% | 10.22% | 4.79% | -7.25% |
| Other Income + | 0.26 | 0.18 | 0.23 | 0.40 | 0.18 | 0.16 | 0.50 | 0.06 | 0.32 | 1.07 | 1.81 | 1.49 | 1.91 |
| Interest | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Depreciation | 0.39 | 0.37 | 0.37 | 0.39 | 0.32 | 0.30 | 0.20 | 0.20 | 0.29 | 0.18 | 0.13 | 0.12 | 0.09 |
| Profit before tax | 0.71 | 0.68 | 0.44 | -0.22 | 0.14 | 0.29 | 0.52 | 0.17 | 0.23 | 1.18 | 2.41 | 1.64 | 1.44 |
| Tax % | 25.35% | 22.06% | 18.18% | 4.55% | 28.57% | 27.59% | 25.00% | 23.53% | 26.09% | 24.58% | 24.48% | 27.44% | 27.08% |
| Net Profit + | 0.54 | 0.53 | 0.36 | -0.24 | 0.10 | 0.22 | 0.39 | 0.12 | 0.18 | 0.88 | 1.82 | 1.18 | 1.05 |
| EPS in Rs | 1.10 | 1.08 | 0.73 | -0.49 | 0.20 | 0.45 | 0.79 | 0.24 | 0.37 | 0.61 | 1.25 | 0.81 | 0.72 |
Financials of Virat Industries
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 + | 20.53 | 25.75 | 25.67 | 34.09 | 24.13 | 26.38 | 19.56 | 24.66 | 37.68 | 32.42 | 31.63 | 26.79 |
| Expenses + | 16.91 | 20.61 | 20.55 | 28.95 | 21.18 | 23.19 | 17.47 | 21.78 | 34.62 | 30.88 | 30.41 | 25.84 |
| Operating Profit | 3.62 | 5.14 | 5.12 | 5.14 | 2.95 | 3.19 | 2.09 | 2.88 | 3.06 | 1.54 | 1.22 | 0.95 |
| OPM % | 17.63% | 19.96% | 19.95% | 15.08% | 12.23% | 12.09% | 10.69% | 11.68% | 8.12% | 4.75% | 3.86% | 3.55% |
| Other Income + | 0.53 | 0.60 | 1.36 | 1.57 | 0.14 | 0.78 | 0.66 | 0.48 | 0.73 | 0.99 | 1.05 | 6.28 |
| Interest | 0.09 | 0.04 | 0.08 | 0.14 | 0.10 | 0.05 | 0.06 | 0.03 | 0.07 | 0.05 | 0.07 | 0.05 |
| Depreciation | 1.04 | 1.22 | 1.36 | 1.62 | 1.94 | 1.91 | 1.76 | 1.60 | 1.54 | 1.45 | 0.99 | 0.52 |
| Profit before tax | 3.02 | 4.48 | 5.04 | 4.95 | 1.05 | 2.01 | 0.93 | 1.73 | 2.18 | 1.03 | 1.21 | 6.66 |
| Tax % | 31.13% | 32.59% | 29.96% | 29.90% | 39.05% | 25.87% | 13.98% | 21.39% | 25.69% | 26.21% | 25.62% | 25.98% |
| Net Profit + | 2.08 | 3.02 | 3.52 | 3.47 | 0.65 | 1.48 | 0.79 | 1.35 | 1.62 | 0.76 | 0.90 | 4.94 |
| EPS in Rs | 4.22 | 6.13 | 7.15 | 7.05 | 1.32 | 3.01 | 1.60 | 2.74 | 3.29 | 1.54 | 1.83 | 3.40 |
| Dividend Payout % | 42.58% | 40.73% | 34.94% | 21.27% | 0.00% | 0.00% | 0.00% | 36.44% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Virat Industries
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 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 14.52 |
| Reserves | 8.35 | 9.89 | 13.53 | 15.52 | 15.29 | 16.79 | 17.61 | 18.93 | 20.07 | 20.70 | 21.52 | 116.22 |
| Borrowings + | 0.62 | 0.45 | 0.45 | 2.08 | 0.48 | 1.43 | 0.32 | 0.24 | 0.16 | 0.79 | 0.63 | 0.00 |
| Other Liabilities + | 3.36 | 3.95 | 2.98 | 4.62 | 3.44 | 3.42 | 2.73 | 3.76 | 5.47 | 4.95 | 4.66 | 3.93 |
| Total Liabilities | 17.25 | 19.21 | 21.88 | 27.14 | 24.13 | 26.56 | 25.58 | 27.85 | 30.62 | 31.36 | 31.73 | 134.67 |
| Fixed Assets + | 5.45 | 6.07 | 8.77 | 10.81 | 10.43 | 9.32 | 7.43 | 5.83 | 4.60 | 4.61 | 3.67 | 3.39 |
| CWIP | 0.00 | 0.00 | 0.03 | 1.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.26 | 0.25 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets + | 11.54 | 12.89 | 12.83 | 15.13 | 13.70 | 17.24 | 18.15 | 22.02 | 26.02 | 26.75 | 28.06 | 131.28 |
| Total Assets | 17.25 | 19.21 | 21.88 | 27.14 | 24.13 | 26.56 | 25.58 | 27.85 | 30.62 | 31.36 | 31.73 | 134.67 |
Financials of Virat Industries
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 + | 3.95 | 5.23 | 1.70 | 1.61 | 3.15 | 1.47 | 4.20 | 0.05 | -1.72 | 5.22 | -0.82 | 2.54 |
| Cash from Investing Activity + | -0.70 | -4.27 | -0.83 | -2.90 | -0.95 | -1.74 | 0.25 | 0.04 | 0.27 | -5.36 | 0.85 | -46.80 |
| Cash from Financing Activity + | -2.42 | -1.06 | -1.71 | 1.53 | -2.27 | 0.88 | -1.20 | -0.14 | -0.66 | 0.52 | -0.28 | 99.74 |
| Net Cash Flow | 0.83 | -0.09 | -0.84 | 0.24 | -0.07 | 0.61 | 3.26 | -0.06 | -2.11 | 0.38 | -0.25 | 55.48 |
| Free Cash Flow | 3.48 | 3.39 | -1.80 | -3.57 | 2.23 | 0.66 | 4.36 | 0.05 | -2.03 | 3.88 | -0.87 | 2.28 |
| CFO/OP | 136% | 136% | 56% | 61% | 120% | 71% | 204% | 18% | -32% | 368% | -56% | 455% |
Financials of Virat Industries
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 | 15.65 | 7.37 | 29.43 | 29.77 | 50.37 | 49.81 | 78.00 | 56.98 | 45.62 | 53.25 | 62.55 | 53.41 |
| Inventory Days | 296.87 | 221.09 | 306.34 | 219.00 | 227.89 | 268.93 | 274.45 | 321.50 | 343.39 | 246.53 | 270.90 | 297.29 |
| Days Payable | 68.13 | 66.74 | 103.82 | 102.37 | 85.51 | 57.86 | 52.01 | 73.58 | 90.34 | 42.52 | 57.63 | 72.18 |
| Cash Conversion Cycle | 244.38 | 161.72 | 231.95 | 146.39 | 192.75 | 260.88 | 300.44 | 304.91 | 298.67 | 257.26 | 275.81 | 278.53 |
| Working Capital Days | 71.29 | 31.89 | 91.57 | 76.02 | 128.27 | 131.58 | 166.08 | 170.81 | 157.02 | 142.08 | 174.71 | 162.40 |
| ROCE % | 22.09% | 31.29% | 31.26% | 24.63% | 5.74% | 9.40% | 4.17% | 7.50% | 9.14% | 3.72% | 4.79% | 8.50% |
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