Result for for the quarte and half year ended September 30,2025
Awaiting price reaction for this filing.
Veronica Production Limited reported revenue from operations of Rs. 193.00 lacs for Q2 FY26 and Rs. 360.34 lacs for H1 FY26 (up sequentially from Rs. 167.34 lacs in Q1 FY26). The company continued to post a net loss for the half year, with EPS in negative territory. The balance sheet shows deep stress — paid-up equity of Rs. 7,128.79 lacs is wiped out by accumulated losses of Rs. (7,257.34) lacs, leaving negative net worth of Rs. (128.55) lacs. Operating cash flow was sharply negative at Rs. (101.97) lacs for H1 FY26 versus Rs. (19.93) lacs in H1 FY25. The statutory auditor (S K Bhavsar & Co.) issued an unqualified limited review report with no qualifications or emphasis of matter. The company operates in a single segment — trading of agriculture products and chemicals.
Negative for shareholders — the company is loss-making, burning cash from operations, and its reserves have fully eroded its share capital, indicating serious financial weakness. Stock price is likely to remain under pressure given the distressed balance sheet, even though the limited review report itself is clean.