The Board at their meeting held on 28.05.2025, declared the Audited Financial Results for the quarter and year ended 31.03.2025
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The board of Virat Leasing Ltd approved audited financial results for the quarter and year ended 31 March 2025 on 28 May 2025. Total revenue from operations rose modestly to Rs. 92.89 lakhs in FY25 from Rs. 87.02 lakhs in FY24, but the company reported a widening net loss of Rs. 29.24 lakhs versus Rs. 13.09 lakhs in the previous year, driven by higher finance costs, impairment of financial instruments, and employee expenses. The statutory auditor (Surajit Roy & Associates) issued an unmodified (unqualified) opinion on the results. The board appointed M/s. Srimal Jain & Co. as the new internal auditor for FY26 but deferred the appointment of a Secretarial Auditor to the next meeting due to lack of a suitable candidate. Related party transactions for the half year ended 31 March 2025 were also approved.
Shareholders should note the loss has more than doubled year-on-year, reflecting continued stress on profitability despite stable revenue. However, the clean audit opinion and appointment of a new internal auditor provide some comfort on governance. The deferral of the Secretarial Auditor appointment is a minor compliance flag to watch.