Financial Results for the Fourth Quarter and year ended 31st March 2026
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Megamont Ltd (formerly V.R. Woodart Ltd) reported consolidated revenue of Rs 6,011.77 lakhs and net profit of Rs 621.70 lakhs for FY2026, a turnaround from a loss of Rs 13.12 lakhs in the previous year. The standalone entity showed zero revenue and a loss of Rs 90.49 lakhs, as business operations shifted to newly acquired subsidiaries (Nidimo Mont and Parent Mont) acquired in November 2026. The company raised Rs 139.90 lakhs via preferential share issuance (1.4 crore shares at Rs 22 each) and issued 44.8 lakh convertible warrants. Total assets grew significantly to Rs 9,393.23 lakhs from Rs 0.16 lakhs, reflecting the acquisitions. The auditor issued an unmodified (clean) opinion with no going concern or emphasis of matter flags.
The stock shows a transformational turnaround with the new subsidiary acquisitions driving profitability, though investors should note the standalone entity remains loss-making and the cash position is deeply negative. The significant equity raise has diluted share capital but strengthened the balance sheet.