Submission of Audited Financial for the Quarter and financial year ended 31st March along with audit report
Awaiting price reaction for this filing.
Wisec Global Ltd reported FY2026 total revenue of Rs. 3.30 lakhs, a significant increase from near-zero revenue in FY2025. However, the company continues to operate at a loss with net loss of Rs. 19.81 lakhs for FY2026, improved from Rs. 25.69 lakhs loss in FY2025 (approximately 23% reduction in losses). The company has negative reserves of Rs. 1,206.87 lakhs, resulting in negative net worth of Rs. 41.86 lakhs. Cash flow from operations was negative at Rs. 12.89 lakhs. Total assets stand at Rs. 32.75 lakhs. The statutory auditors MKRJ & Co. have issued an unmodified (clean) audit opinion on the financial statements.
The stock remains under pressure due to persistent losses and negative net worth. While the loss narrowed year-on-year and revenue emerged from zero, the company has a very small revenue base of Rs. 3.30 lakhs and accumulated losses exceed Rs. 1,200 lakhs. Shareholders should be cautious given the weak financial position despite clean audit.