Results for the Financial Year 2025-26
Awaiting price reaction for this filing.
Veronica Production Ltd reported FY2025-26 results with revenue declining 38.7% to Rs. 424.97 lakh from Rs. 692.87 lakh in the prior year. The company posted a net loss of Rs. 21.75 lakh for the year, significantly narrower than the Rs. 66.45 lakh loss in FY2024-25. However, the auditor issued an Emphasis of Matter noting that the company failed to provide balance confirmations, party-wise reconciliation statements, and age-wise analysis for certain trade receivables and payables as of March 31, 2026. The auditor stated they were unable to satisfy themselves regarding the existence, completeness, accuracy, and recoverability of these balances. The company declared an unmodified opinion on the audited results.
The company continues to bleed losses with declining revenue and a negative equity base of Rs. 147.21 lakh. The auditor's emphasis on unverifiable receivables raises red flags about asset quality and cash flow reliability, making the stock high-risk for investors.