Kindly find enclosed herewith unaudited financial results for the quarter ended on 31 December, 2025, with Limited Review Report.
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Vikram Aroma reported revenue from operations of Rs 476.19 lakhs for Q3 FY26, down sharply from Rs 935.38 lakhs in Q3 FY25 — a roughly 49% year-on-year decline and also lower than the Rs 601.43 lakhs posted in Q2 FY26. The company continued to post a net loss of Rs 3.62 lakhs in Q3 FY26, though this is much narrower than the Rs 56.79 lakhs loss in Q2 FY26 and the Rs 10.73 lakhs loss in Q3 FY25. For the nine months ended December 2025, revenue stood at Rs 1,586.44 lakhs versus Rs 2,188.78 lakhs a year earlier, with a cumulative net loss of Rs 54.07 lakhs (vs Rs 88.42 lakhs loss last year). The full-year FY25 ended with a loss of Rs 149.89 lakhs on revenue of Rs 2,813.58 lakhs. The statutory auditor J.T. Shah & Co. issued an unmodified limited review report with no qualifications.
Despite revenue shrinking sharply, the narrowing of losses and an unqualified review report suggest some cost-side improvement, but the steep sales drop is a clear red flag for shareholders and could weigh on the stock. Persistent losses raise concerns about the company's path to profitability, though reserves of Rs 1,824.90 lakhs provide some cushion.