Vardhman Textiles falls 5% into Q2 results due today

VTL Vardhman Textiles Limited’s board meets today, 6 November, to consider Q2 FY27 results, and the shares were down 5 percent on the StockGro print before any result. Q1 FY27 numbers (consolidated, last reported): Total income: Rs 2,781.14 crore, up 13.2% YoY from Rs 2,455.96 crore Net profit: Rs 314.56 crore, up 51.5% YoY from Rs 207.68 crore Net profit: up 66.2% QoQ from Rs 189.26 crore in the March quarter I have not seen the Q2 figures, and the sources I checked do not give a cause for today’s fall. The 3:14 PM print is already below Rs 507, the day low of 4 November, so the exit test is today’s close. Vardhman Textiles [VTL][***** traded at Rs 502.05 at 3:14 PM IST on 6 November on StockGro, down 5.0 percent from its previous close of Rs 528.69, and up 17 percent over a year. P/E 17.1; sector P/E near 27. My view: hold, not a fresh entry. Q1 profit grew fast, but I cannot tell from what I have read whether the Q2 quarter repeats it, and the stock has moved before its own result. Holders stay until today’s close; a close below Rs 507 ends the hold. Fresh money waits for Q2 net profit at or above Q1’s Rs 314.56 crore and a stated margin. What would change my mind: a Q2 profit that meets that bar, or a company reason for today’s fall. Next trigger: Q2 FY27 results, due today per the exchange intimation. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.