FINANCIAL RESULTS ALONG WITH AUDITOR REPORT FOR THE QUARTER AND YEAR ENDED AS ON 31.03.2026
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Veer Global Infraconstruction Ltd reported FY26 revenue of ₹6.90 Cr, down 40.6% from ₹11.63 Cr in FY25. Net profit declined to ₹1.61 Cr from ₹1.81 Cr (down 10.7%), with EPS at ₹1.00 vs ₹1.12 prior year. Exceptional items showed a loss of ₹40.45 Lacs versus a gain of ₹69.24 Lacs in FY25. The auditor issued an unmodified opinion but included an Emphasis of Matter regarding unconfirmed trade receivables and advances worth ₹2,108.50 Lacs. A contingent GST liability of ₹22.13 Cr is pending before the High Court (stay granted). The company also defaulted on ₹90.01 Lacs repayment to Bank of Baroda (both principal and interest, 50 days overdue as of March 31, 2026). Operating cash flow turned positive at ₹339.51 Lacs versus negative ₹537.51 Lacs in FY25. Loans and advances surged to ₹2,831.05 Lacs from nil, indicating significant fund deployment.
The stock may face pressure due to revenue decline, loan default, and the GST contingency. The Emphasis of Matter on unconfirmed receivables raises concerns about asset quality, while the positive cash flow recovery is a marginal positive.