Virinchi Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
VIRINCHI · price
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Virinchi Limited reported a 14.7% revenue decline at standalone level, with revenue falling to Rs 13,133.14 lakhs in FY2026 from Rs 15,393.33 lakhs in FY2025. Consolidated revenue also declined to Rs 24,436.44 lakhs from Rs 30,113.03 lakhs. The company swung into significant losses at consolidated level with a net loss of Rs 2,293.44 lakhs for FY2026 compared to a profit of Rs 237.04 lakhs in FY2025. Standalone PAT for FY2026 stood at Rs 1,397.35 lakhs, down from Rs 2,070.46 lakhs in the prior year. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding non-payment of statutory dues including PF (Rs 807.17 lakhs standalone / Rs 1,024.81 lakhs consolidated), ESI, Professional Tax, TDS, and Income Tax. Disputed income tax liabilities of Rs 297.86 lakhs (AY 2017-18) and Rs 767.86 lakhs (AY 2022-23) remain pending. Cash flow from operations remained positive at Rs 2,099.82 lakhs.
The significant revenue decline and consolidated net loss are concerning for shareholders. The Emphasis of Matter on unpaid statutory dues raises compliance risk and potential penalties. Despite positive operating cashflow, the company's financial performance deteriorated sharply year-on-year.