Vaarad Ventures Q1 loss widens to Rs 171.31 lakh; other expenses surge
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.0 pts more than Nifty Microcap 250 and 8.0 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vaarad Ventures posted a standalone and consolidated loss after tax of Rs 171.31 lakh for Q1 FY27, against a Rs 6.40 lakh loss in Q1 FY25. Total income of Rs 51.99 lakh came entirely from recoveries of financial assets written off, with zero revenue from operations. Other expenses spiked to Rs 221.54 lakh from Rs 4.50 lakh year-on-year. Auditor J D Jhaveri gave an unqualified limited review. Board also appointed a new Internal Auditor and Secretarial Auditor, and named a new Independent Chairperson.
Sharply higher loss driven by one-time expense spike; weak core operations with zero operating revenue raise concern for shareholders.