Integrated Filing — IndAS

General information about company
Scrip Code	532156
NSE Symbol	VAIBHAVGBL
MSEI Symbol	NOTLISTED
ISIN	INE884A01027
Name of company	VAIBHAV GLOBAL LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	21-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	08-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Geographical
Description of single segment
Start date and time of board meeting	21-May-2025   18:00:00
End date and time of board meeting	21-May-2025   23:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	8497959000	33795768000
	Other income	82769000	280395000
	Total income	8580728000	34076163000
2	Expenses
(a)	Cost of materials consumed	532877000	3698077000
(b)	Purchases of stock-in-trade	2331423000	8899619000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	196102000	-906095000
(d)	Employee benefit expense	1456072000	6001907000
(e)	Finance costs	38287000	149426000
(f)	Depreciation, depletion and amortisation expense	254854000	1021713000
(f)	Other Expenses
1	Other Expenses	3358560000	13209922000
	Total other expenses	3358560000	13209922000
	Total expenses	8168175000	32074569000
3	Total profit before exceptional items and tax	412553000	2001594000
4	Exceptional items	0	0
5	Total profit before tax	412553000	2001594000
6	Tax expense
7	Current tax	177295000	653985000
8	Deferred tax	-105575000	-183693000
9	Total tax expenses	71720000	470292000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	340833000	1531302000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	340833000	1531302000
17	Other comprehensive income net of taxes	49200000	221958000
18	Total Comprehensive Income for the period	390033000	1753260000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	340833000	1533597000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	390033000	1755555000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	-2295000
21	Details of equity share capital
	Paid-up equity share capital	332226000	332226000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.05	9.25
	Diluted earnings (loss) per share from continuing operations	2.02	9.1
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	2.05	9.25
	Diluted earnings (loss) per share from continuing and discontinued operations	2.02	9.1
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		Notes: n n1) The above consolidated financial results for the quarter and year ended 31 March 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 May 2025. The financial results for the year ended 31 March 2025 have been audited by the Statutory Auditors of the Parent Company. n n2) These consolidated financial results have been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. n n3 The consolidated financial results include the financial results of the Parent Company and the financial results of the following subsidiaries and step-down subsidiaries (collectively referred as ‘the Group’): n nA. VGL Retail Ventures Limited, Mauritius na.tShop TJC Limited, UK ni.tShop LC Global Inc., USA nii.tMindful Souls BV, Netherlands (acquired on 26 September 2023) nB.tSTS Global Supply Limited, Hong Kong na.tPt. STS Bali, Indonesia nb.tSTS (Guangzhou) Trading Limited, China nC.tSTS Jewels Inc., USA nD.tSTS Global Limited, Thailand nE.tSTS Global Limited, Japan nF.tVaibhav Lifestyle Limited, India nG.tShop LC GmbH, Germany nH.tVaibhav Vistar Limited, India (Up to 18 January 2025) nI.tEncase Packaging Private Limited, India (Up to 30 September 2024) nJ.tVaibhav Global Employee Stock Option Welfare Trust n n4) The Parent Company has allotted 121,963 and 580,761 equity shares having face value of Rs. 2/- each for the quarter ended 31 March 2025 and year ended 31 March 2025 respectively, under the Company's various Employees Stock Option Benefit Schemes through Vaibhav Global Employee Stock Option Welfare Trust at exercise price ranging from Rs. 2.00 – Rs. 188.95 n n5) Item exceeding 10% of total expenditure (included in other expenses): n nParticularst31-Mar-25t31-Dec-24t31-Mar-24t31-Mar-25t31-Mar-24 nContent and n broadcasting expenses 50,172.40t17,472.56t16,536.30t14,106.86t65,021.57t n n6) The Income Tax Department (“the ITD”) conducted a Survey proceeding under section 133A of the Act at the premises of the Company in November 2021. Subsequently, the Company is providing all cooperation and necessary data/documents/information. During previous year, the Company received notices under Section 142(1) for Assessment Year 2019 – 20 to Assessment Year 2022 – 23 requiring further information. As on date, based upon the nature, the management does not expect any liability to arise out of these proceedings. n n7) The Board of Directors of the Parent Company in their meeting dated 21 May 2025 have recommended final dividend of Rs. 1.5/- per fully paid-up equity shares of Rs. 2/- each, subject to approval of shareholders. n nIn addition to the above final dividend of Rs. 1.50/- i.e., 75% on equity share capital, interim dividends aggregating to Rs. 4.50/- per share (Rs. 1.5/- per share per quarter) were declared and paid during the current period. Hence, total dividend of Rs. 6.00/- per share have been declared during the current year. n n8) Exceptional item consists of the following impairment expenses: n nParticularst Quarter endedt Year ended nt 31-Mar-25t 31-Dec-2024t 31-Mar-24 31-Mar-25t 31-Mar-24 nImpairment of Property, nplant and equipment n(including capital work in progress)t -tt257.43t-t649.21 nImpairment of Goodwill nt-t-t156.94t-t156.94 nTotalt-t-t414.37t-t806.15 nt n9) The Group is currently evaluating the potential impact of recent tariff measures introduced by the United States Government on certain categories of Indian exports, including goods relevant to the Company’s product portfolio. Based on the preliminary assessment and the current level of exposure to the U.S. market, the Management believes that these tariff measures are not expected to have a material impact on the Group’s financial position, results of operations, or cash flows for the reporting period. The Management continues to monitor developments in global trade policies and will take appropriate actions, if necessary, to mitigate any future risks that may arise. n n10) During current quarter, the Board of Directors of Vaibhav Vistar Limited, India and Vaibhav Lifestyle Limited, India at their respective meetings held on 18 January 2025, have decided to call-off the merger earlier approved on 23 May 2024. n n11) During current quarter, the Parent Company’s registered office is shifted from K-6B, Fateh Tiba, Adarsh Nagar, Jaipur, 302004, Rajasthan to E-69, EPIP, Sitapura Industrial Area, Jaipur – 302022, Rajasthan to carry on business of the Company more efficiently and with better operational convenience. n n12) The figures for the quarter ended 31 March 2025 and 31 March 2024 are the balancing figures between the audited figures in respect of full financial year and published year to date figures up to 31 December 2024 and 31 December 2023. Also, the figures up to the end of third quarter of the respective year were only reviewed and not subject to audit. n n13) Segment information as per Ind AS – 108, ‘Operating Segments’ is disclosed in Annexure - I. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	2098180000
	Capital work-in-progress	6322000
	Investment property	1106772000
	Goodwill	1198047000
	Other intangible assets	1254870000
	Intangible assets under development	100447000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	28000
	Trade receivables, non-current	0
	Loans, non-current	70640000
	Other non-current financial assets	84599000
	Total non-current financial assets	155267000
	Deferred tax assets (net)	475188000
	Other non-current assets	116558000
	Total non-current assets	6511651000
2	Current assets
	Inventories	7008274000
	Current financial asset
	Current investments	1159826000
	Trade receivables, current	3235567000
	Cash and cash equivalents	911850000
	Bank balance other than cash and cash equivalents	380724000
	Loans, current	14245000
	Other current financial assets	431572000
	Total current financial assets	6133784000
	Current tax assets (net)	0
	Other current assets	739479000
	Total current assets	13881537000
3	Non-current assets classified as held for sale	6899000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	20400087000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	332226000
	Other equity	13167393000
	Total equity attributable to owners of parent	13499619000
	Non controlling interest	0
	Total equity	13499619000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	879227000
	Total non-current financial liabilities	879227000
	Provisions, non-current	109628000
	Deferred tax liabilities (net)	57581000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1046436000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1139536000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2333351000
	Total Trade payable	2333351000
	Other current financial liabilities	1096216000
	Total current financial liabilities	4569103000
	Other current liabilities	1018107000
	Provisions, current	41194000
	Current tax liabilities (Net)	225628000
	Deferred government grants, Current	0
	Total current liabilities	5854032000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	6900468000
	Total equity and liabilites	20400087000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	United States of America	5321244000	20725512000
2	United Kingdom	2247758000	9341478000
3	India	1736765000	6918719000
4	Europe (excluding United Kingdom)	950947000	3788054000
5	Rest of world	774858000	3858217000
6	Inter Company elimination	0	0
	Total Segment Revenue	11031572000	44631980000
	Less: Inter segment revenue	2533613000	2533613000
	Revenue from operations	8497959000	33795768000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	United States of America	380422000	1567143000
2	United Kingdom	250124000	1085308000
3	India	366660000	1485722000
4	Europe (excluding United Kingdom)	83755000	-191809000
5	Rest of world	296164000	1151666000
6	Inter Company elimination	-926285000	-2947010000
	Total Profit before tax	450840000	2151020000
	i. Finance cost	38287000	38287000
	ii. Other Unallocable Expenditure net off Unallocable income	0	0
	Profit before tax	412553000	2001594000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	United States of America	12468514000	12468514000
2	United Kingdom	18397214000	18397214000
3	India	9089960000	9089960000
4	Europe (excluding United Kingdom)	1582660000	1582660000
5	Rest of world	17817020000	17817020000
6	Inter Company elimination	-38955281000	-38955281000
	Total Segment Asset	20400087000	20400087000
	Un-allocable Assets	0	0
	Net Segment Asset	20400087000	20400087000
4	Segment Liabilities
	Segment Liabilities
1	United States of America	5396925000	5396925000
2	United Kingdom	3134942000	3134942000
3	India	2761158000	2761158000
4	Europe (excluding United Kingdom)	3686855000	3686855000
5	Rest of world	615202000	615202000
6	Inter Company elimination	-8694614000	-8694614000
	Total Segment Liabilities	6900468000	6900468000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	6900468000	6900468000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of defined benefit plans	-6667000	-15768000
	Total Amount of items that will not be reclassified to profit and loss	-6667000	-15768000
2	Income tax relating to items that will not be reclassified to profit or loss	-2271000	-5451000
3	Amount of items that will be reclassified to profit and loss
1	Exchange difference on translation of foreign operations	53596000	232275000
	Total Amount of items that will be reclassified to profit and loss	53596000	232275000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	49200000	221958000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2001594000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			149426000
	Adjustments for decrease (increase) in inventories			-878341000
	Adjustments for decrease (increase) in trade receivables, current			-306040000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-432421000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			339964000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-11834000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1021713000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			309430000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-20454000
	Adjustments for dividend income			0
	Adjustments for interest income			122164000
	Adjustments for share-based payments			170200000
	Adjustments for fair value losses (gains)			-27749000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-14967000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			5683000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			182446000
	Net cash flows from (used in) operations			2184040000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			536196000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1647844000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			85687000
	Cash flows used in obtaining control of subsidiaries or other businesses			84215000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			1902000
	Purchase of property, plant and equipment			346794000
	Proceeds from sales of investment property			3500682000
	Purchase of investment property			3283349000
	Proceeds from sales of intangible assets			42717000
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			74581000
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			87179000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-70772000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			38291000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			110445000
	Repayments of borrowings			0
	Payments of lease liabilities			272433000
	Dividends paid			1041043000
	Interest paid			133958000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-1298698000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			278374000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			18718000
	Net increase (decrease) in cash and cash equivalents			297092000
	Cash and cash equivalents cash flow statement at beginning of period			614758000
	Cash and cash equivalents cash flow statement at end of period			911850000