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 standalone revenue of Rs 13,133.14 lakhs for FY26 (up 9.9% from Rs 11,947.56 lakhs) with standalone PAT of Rs 2,070.46 lakhs (marginal growth from Rs 2,004.90). However, consolidated revenue declined sharply to Rs 24,436.44 lakhs from Rs 30,113.03 lakhs in the prior year. More critically, consolidated PAT turned negative at Rs 2,293.44 lakhs loss versus profit of Rs 237.04 lakhs in FY25. The auditor issued an unmodified opinion but included an Emphasis of Matter flagging non-payment of statutory dues including PF (Rs 1,024.81 lakhs), TDS (Rs 1,292.73 lakhs), and disputed income tax liabilities (Rs 1,065.72 lakhs) totaling over Rs 3,700 lakhs. The company operates in 4 segments: SaaS/US Fintech, IDC & IT Services, Healthcare, and Payment & Credit Services (India Fintech).
The switch to consolidated loss and significant revenue decline are major red flags. The accumulated statutory dues (over Rs 3,700 lakhs) create contingent liability risk. Shareholders should monitor the company's ability to manage working capital (standalone trade receivables increased by Rs 12,460.64 lakhs) and resolve statutory compliance issues.