Standalone and Consolidated Audited Financial results along with the Audit report form the Statutory Auditor for the quarter and year ended 31st March, 2026
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Velox Shipping and Logistics reported strong revenue growth driven by acquisitions, but swung to a consolidated loss in FY2026. Consolidated total income jumped to Rs 2,227.62 Lakhs from Rs 69.50 Lakhs, largely due to newly acquired subsidiaries - Anchorage Shipping (from Dec 2025) and International Logistics Associates LLC (from Jan 2026). However, the company posted a consolidated loss after tax of Rs 73.28 Lakhs versus profit of Rs 43.94 Lakhs in the prior year, partly due to high finance costs of Rs 21.16 Lakhs in Q4 alone and foreign exchange losses. Standalone PAT declined from Rs 43.94 Lakhs to Rs 34.25 Lakhs. The company raised Rs 8.50 Crore via allotment of 2.83 crore convertible warrants to non-promoter investors at Rs 12 per warrant. Cash flow from operations turned negative at Rs 266.49 Lakhs for consolidated figures. Auditors issued unmodified (clean) opinions on both standalone and consolidated results.
The stock may see mixed reaction - top-line growth from acquisitions is positive, but the shift to consolidated loss and negative operating cashflow are concerning. The warrant issuance provides some funding support but dilution risk exists upon conversion.