Synopsis: The stock jumped after the board approved a major buyback of 26.31 lakh shares worth up to  percent 100 crore, triggering strong market interest. Despite sharply weaker quarterly earnings and highly volatile margins, the business remains anchored in market-driven investment activities, proprietary trading and treasury operations, supported by low leverage and diversified subsidiaries.

The shares of the financial services provider gained up to 18 percent in today’s trading session after the board of directors approved a buyback of up to 26,31,578 equity shares, which is equivalent to 7.71  percent of the total paid-up equity share capital.

With a market capitalization of Rs 1,039.06 crore, the shares of VLS Finance Ltd were trading at Rs 311 per share, increasing around 18.03 percent as compared to the previous closing price of Rs 263.50 apiece.

Buyback

The shares of VLS Finance Ltd have seen positive movement after the board has approved a buyback of up to 26,31,578 equity shares, representing 7.71 percent of its paid-up capital for an aggregate amount not exceeding Rs. l00 crore. The buyback will be executed at a maximum price of  Rs 380 per share. The final number of shares repurchased will depend on the actual buyback price and total funds deployed.

Financial Highlights

The company’s quarterly performance weakened sharply, with revenue plunging 87 percent to  Rs 10.53 crore in Q2FY26 from  Rs 79.18 crore a year earlier. Net profit also fell 86 percent to  Rs 7.10 crore, reflecting a significant slowdown in core operations and reduced income from financial activities.

VLS Finance’s operating profit shows sharp volatility, swinging from Rs 123 crore in Jun-2024 to a steep loss of  Rs 73 crore in Dec-2024 before recovering to  Rs 4.95 crore in Sep-2025. OPM also fluctuates widely, peaking above 94 percent in multiple quarters but falling to 47 percent in Sep-2025, reflecting inconsistent income patterns and unstable cost structures.

Company Overview

VLS Finance Ltd is primarily engaged in investments, proprietary trading, and securities-related financial activities. Its business revolves around deploying capital into equity markets, private placements, debt instruments and strategic investments through subsidiaries such as VLS Securities and VLS Asset Management. Its revenue largely depends on market conditions.

The company operates as a non-banking financial entity involved in stock market operations, treasury management, and long-term investments, without conducting lending activities. Through subsidiaries, it participates in broking, asset management, and investment advisory functions, while remaining focused on low debt, liquidity strength, and navigating market-linked risks and opportunities.

Written by Abhishek Singh

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