Virtuoso Optoelectronics expands south despite profit drop, secures lease for new facility

Virtuoso Optoelectronics Limited's board approved its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. Standalone net profit for the half-year was ₹326.90 lakhs, down from ₹749.60 lakhs in the previous year. Consolidated net profit after tax and minority interest for the half-year also decreased to ₹254.15 lakhs from ₹745.76 lakhs in the prior year.

The company entered an operational lease agreement with Eltech Appliances Pvt Ltd, Chennai, for capacity addition, involving an asset valued at ₹55 crore. Virtuoso Optoelectronics will pay an annual lease fee of ₹7 crore for a 107,000 sq. ft. manufacturing facility. This facility has an installed capacity of 250,000 sets per annum, with Eltech committed to providing assured business of 70,000 sets annually.

This strategic move aims to support the company's expansion into southern India and facilitate the launch of entry-level models. The proposed capacity addition of 0.25 million sets is expected within two months, requiring an investment of ₹7 crore annually, funded through internal accruals.