New Delhi, February 14 Ahmedabad-based Varvee Global Ltd has reported a net profit of Rs 5.34 crore for the December quarter of FY'26.
The company had reported a net loss of Rs 6.94 crore in the October-December quarter a year ago, the denim maker said in a regulatory filing.
Its revenue from operations increased twofold to Rs 12.13 crore in the December quarter. It was at Rs 5.04 crore in the corresponding quarter.
While the Q3 EBITDA remains slightly negative due to timing and reinvestment, the 93.5% reduction in Q3 operating loss reflects a trajectory toward sustainable profitability, it said in the earnings statement.
"We are now aggressively scaling up; our expansion to 18 lakh meters per month is just the first step towards our 50-lakh-meter goal. We remain committed to generating free cash flow and maintaining a debt-free balance sheet as we capture the expanding opportunities in the Indian textile market," said its Chairman & Managing Director, Jaimin Gupta.
