Varvee Global Limited, formerly known as Aarvee Denims and Exports Limited, announced a net profit of ₹1,021.13 lakhs for the second quarter of the fiscal year 2025, as reported on November 12, 2025. This profit represents a significant recovery compared to the previous quarter, where the company recorded a net profit of ₹2,548.09 lakhs. The Board of Directors approved the unaudited financial results for both the quarter and half-year, which ended on September 30, 2025, during a meeting held on the same day. The results indicate a total income of ₹3,432.30 lakhs, which encompasses both revenue from operations and other income sources.

The company's revenue from operations reached ₹2,783.13 lakhs, showing a substantial increase from the previous year’s quarter, where it stood at ₹1,547.87 lakhs. Total expenses for the quarter were reported at ₹1,551.69 lakhs, reflecting an upward trend in costs associated with material consumption and employee benefits. However, despite these expenses, the company managed to achieve a profit before tax of ₹1,880.61 lakhs, underscoring its improved operational efficiency. The tax expenses amounted to ₹859.48 lakhs, primarily derived from deferred tax adjustments.

In terms of balance sheet strength, Varvee Global reported total assets of ₹20,745.91 lakhs as of September 30, 2025, slightly up from ₹20,441.25 lakhs at the end of the previous fiscal year. The equity share capital also increased to ₹2,576.43 lakhs, indicating solid investor confidence in the company’s future performance. With the reported Earnings Per Share (EPS) standing at ₹3.96 for the quarter, Varvee Global appears well-positioned to continue its growth trajectory in the upcoming quarters. The company's proactive approach in managing costs while boosting revenues has played a crucial role in this positive financial outcome.