Q2 FY26 Results: Net Loss of ₹349L; H1 Profit Boosted by One-Time Ebix Settlement
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Board approved Q2/H1 FY26 unaudited results (ended Sep 30, 2025). Q2 standalone revenue rose to ₹14,097.78L (vs ₹13,035.63L YoY) but posted a net loss of ₹349.41L. H1 net profit of ₹12,414.82L is largely driven by a one-time ~₹13,030L gain from the Ebix UK settlement (51% equity received by VLL after consortium default). Auditor flagged emphasis of matter on pending regulatory approvals for the Ebix transaction, restatement of Q1 FY26 results (turning a loss into a profit), and material related party transactions awaiting shareholder approval. Board also cleared a postal ballot addendum to seek member approval for RPTs and other routine transactions.
Q2 shows operating loss; H1 profit is one-time settlement, not core business. Auditor flags RPT compliance gaps and prior restatement, raising governance concerns.