Vikas Lifecare FY26 profit of Rs 86 cr but auditor flags major risks
VIKASLIFE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
FY26 revenue Rs 492.05 cr vs Rs 463.58 cr prior; net profit Rs 86.17 cr vs Rs 2.26 cr loss, lifted by Rs 133.50 cr other income. Q4 net loss Rs 23.25 cr. Auditors qualified opinion flags delayed statutory dues, related party deals without shareholder approval, and Section 186 breaches. Red flags include Rs 52 cr HSPL debenture matter, 51% Ebix International stake with FEMA filings pending, Enforcement Directorate property attachment of about Rs 13.34 cr in the Mahadev case, and Rs 5 cr advance impairment.
Profit looks superficial, driven by fair value gains. Qualified audit, FEMA gaps, ED attachment, and related party concerns cloud the outlook.