FY26 results show profit collapse; auditor issues qualified opinion

Board & Shareholder Meetings View source PDF

VIKASECO · price

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AI summary

Board approved audited results for Q4 and FY ended March 31, 2026. FY26 revenue fell to ₹261.63 crore from ₹285.82 crore. Net profit collapsed to ₹12.72 lakhs from ₹1,428.14 lakhs. Q4 saw a ₹1.10 crore loss vs ₹1.98 crore profit earlier. Auditor issued a qualified opinion flagging delayed statutory dues, related party deals without shareholder approval, a doubtful ₹18.50 crore loan, BG Technocrats investment cancellation leaving ₹42.53 crore receivable, ₹55.50 crore real estate advance, and ₹17.71 crore income tax demands.

Likely market impact

Sharp profit decline and qualified auditor opinion with multiple governance red flags may weigh on the stock and concern investors.