Vikas EcoTech FY26 results: qualified audit, PAT tanks, negative operating cash flow

Qualified OpinionEmphasis Of MatterRevenue DeclinePat NegativeNegative Operating CashflowRelated Party TransactionsResults View source PDF

VIKASECO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Vikas EcoTech reported FY26 revenue of Rs 261.63 crore vs Rs 285.82 crore last year (down 8.5%). PAT collapsed to Rs 12.72 lakh from Rs 14.28 crore. Q4 swung to a Rs 1.10 crore loss from Rs 1.98 crore profit. Auditor issued a qualified opinion citing lack of evidence on a Rs 18.50 crore loan, Rs 85.50 crore receivable, Rs 55.50 crore real estate advance, and unapproved related party deals. Operating cash flow was deeply negative at Rs 111.52 crore. Income tax demands of Rs 17.71 crore are pending appeal.

Likely market impact

Multiple audit qualifications, collapsing profits, and negative operating cash flow raise serious concerns about asset quality and governance.