Submission of Un-audited Standalone Financial Results of the Company for the Quarter ended June 30, 2025
Awaiting price reaction for this filing.
Victoria Enterprises Limited, a real estate development and consultancy company, reported no revenue from operations for Q1 FY26 (quarter ended June 30, 2025), with only Rs 1.39 lacs of other income. Total expenses rose to Rs 41.77 lacs, leading to a net loss of Rs 39.06 lacs versus a loss of Rs 20.53 lacs in the year-ago quarter, nearly doubling the quarterly loss. EPS stood at Rs -7.81 compared to Rs -4.11 in Q1 FY25. The statutory auditor Mahesh Chandra & Associates issued a qualified review report, flagging 5% Non-Cumulative Redeemable Preference Shares that have been overdue for refund since March 2020 with management still negotiating restructuring, unconfirmed receivables and payables, and balances pending reconciliation with statutory authorities including GST.
Shareholders should note the continued losses, zero operational revenue, and the auditor's qualified conclusion highlighting long-overdue preference share redemptions and unconfirmed balances, which together raise concerns about the company's financial health and transparency.