Vaxfab Enterprises soared 19% on Monday, 1 June, to touch a 52-week high of ₹60 after the Ahmedabad-based company reported a sharp improvement in its financial performance for FY26. According to reports from LiveMint, the stock opened at ₹48.05 on the BSE and touched an intraday high of ₹60 before settling at the current level. The stock has delivered strong returns across multiple timeframes, with gains of 5.32% over the past week, 8.38% over two weeks, 9.84% in one month, 22.79% in three months, 43.89% year-to-date, and 49.73% over the last six months. As per latest trading data, the stock is currently trading at ₹54.68, representing an 8.17% increase from the previous closing price of ₹50.55.
The company posted total income of ₹99.60 crore for FY26, up 67.7% year-on-year from ₹59.38 crore in the previous fiscal. As reported by LiveMint, net profit surged 523% to ₹3.64 crore, compared with ₹58.42 lakh in FY25, while EBITDA climbed more than seven-fold to ₹5.21 crore from ₹73.77 lakh a year ago. For the March quarter, Vaxfab reported total income of ₹18.37 crore, with quarterly net profit jumping 329% year-on-year to ₹3.01 crore from ₹70.36 lakh, while EBITDA stood at ₹6.98 crore.
Commenting on the performance, Ravindra Joshi, Managing Director of Vaxfab Enterprises, said the company delivered strong growth in revenue, profitability and operational efficiency during FY26. According to LiveMint, Joshi added that the company has also laid the groundwork for its next phase of expansion by diversifying into textile products and clothing, alongside its core agriculture-related business. The diversification strategy is expected to broaden the company's market presence, create additional revenue streams and support long-term value creation for shareholders.
The stock's performance came despite broader market weakness, as the Indian stock market witnessed sharp selling pressure on Monday, 1 June. As reported by LiveMint, the BSE Sensex declined 508.40 points, or 0.68%, to close at 74,267.34, while the NSE Nifty 50 fell 165.15 points, or 0.70%, to settle at 23,382.60. The benchmark indices erased early gains and ended the day firmly in the red as investors resorted to profit-booking amid persistent concerns over elevated crude oil prices and the absence of any concrete breakthrough in the Middle East conflict.
