Q2 FY26-27: revenue slumps, negative equity remains a concern
Awaiting price reaction for this filing.
Veronica Production reported Rs 120.30 lacs revenue for Q2 FY26-27, down sharply from Rs 193.00 lacs a year ago. H1 FY27 revenue fell to Rs 150.49 lacs from Rs 360.34 lacs. Q2 net profit was Rs 1.15 lacs versus a loss of Rs 8.17 lacs earlier. H1 FY27 net loss was Rs 3.91 lacs. Total equity stands at Rs minus 151.12 lacs with reserves at Rs minus 7,279.91 lacs, showing deep erosion. Operating cash flow was negative at Rs minus 12.35 lacs. Auditor raised an emphasis of matter on unfurnished balance confirmations for trade receivables and payables, with conclusion unmodified.
Weak results and deeply negative shareholder funds are serious red flags; auditor emphasis on unconfirmed balances adds to concerns.