Q1 FY27 results: Revenue down 22% YoY, net loss narrows to Rs 39.45 lakh
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Veejay Lakshmi Engineering reported Q1 FY27 revenue of Rs 1580.74 lakhs, down 22% YoY from Rs 2032.09 lakhs. Net loss narrowed to Rs 39.45 lakhs (after a deferred tax credit of Rs 21.47 lakhs) from Rs 171.37 lakhs a year ago. Pre-tax loss stood at Rs 60.92 lakhs vs Rs 175.72 lakhs YoY. Both Engineering and Textile divisions remained in the red at the segment level. FY26 full year ended with a net loss of Rs 566.96 lakhs. Statutory auditor NRD Associates issued an unmodified limited review opinion on both standalone and consolidated results.
Revenue decline and ongoing losses remain concerns despite a narrower quarterly loss. The clean auditor opinion offers limited comfort for shareholders.