Submission of Standalone Annual Audited Financial Results along with Auditor''s Report for the quarter and financial year ended 31st March, 2026.
Awaiting price reaction for this filing.
Virgo Polymers India reported total revenue of Rs 1,560.7 lakh for FY26, down from Rs 1,863.6 lakh in FY25 — a significant revenue decline. Net profit after tax remained flat at Rs 231.9 lakh in both years, meaning profitability held despite the top-line fall. Profit before tax dropped sharply to Rs 44.3 lakh from Rs 270.3 lakh, reflecting compressed margins. Cash flow from operations turned strongly positive at Rs 5,081.8 lakh, a major turnaround from a negative operating cash flow of Rs 1,905.8 lakh in the prior year. The balance sheet also shrank substantially, with total assets falling from Rs 11,818 lakh to Rs 6,200 lakh, indicating possible deleveraging or asset sales. The statutory auditors issued an unmodified opinion with no qualifications. The company also announced a CFO change — Mrs. Bhavani resigned and Mr. Jayasankar O was appointed as the new CFO and KMP.
Revenue has declined by ~15.5% year-on-year, which is a concern for growth-focused investors, though flat net profit and a sharp improvement in operating cash flow are positives. The large reduction in balance sheet size warrants further monitoring.