UN-AUDITED FINANCIAL RESULTS ALONG WITH THE LIMITED REVIEW REPORT FOR THE QUARTER ENDED JUNE 30, 2025.
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Veer Global Infraconstruction reported Q1 FY26 revenue from operations of ₹119.40 lakhs, down sharply from ₹202.78 lakhs in the same quarter last year (a ~41% decline). However, other income jumped to ₹146.91 lakhs (from just ₹0.40 lakhs earlier), pushing total income to ₹266.31 lakhs versus ₹203.18 lakhs. Net profit fell to ₹17.45 lakhs from ₹51.31 lakhs (down ~66%), and EPS dropped to ₹0.11 from ₹0.32. Finance costs spiked dramatically to ₹119.21 lakhs from ₹23.06 lakhs, more than a five-fold increase, which weighed heavily on margins. The statutory auditor (Bansilal Shah & Company) issued an unqualified limited review report with no qualifications or emphasis of matter.
Sharply lower core revenue and a multi-fold rise in finance costs point to pressure on the core business; the bottom line was propped up mostly by other income, which is not recurring in nature. Shareholders should view the profit drop and rising interest burden as a concern despite the clean auditor report.