Unaudited Financial result for quarter and half year ended Sep 2025
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Virtuoso Optoelectronics reported weak Q2 FY26 results with the company slipping into a standalone loss of ₹330.68 lakhs, after a profit of ₹657.58 lakhs in Q1 FY26. H1 FY26 standalone revenue stood at ₹29,896.47 lakhs, slightly down from ₹30,582.89 lakhs in H1 FY25, while H1 PAT fell sharply to ₹326.90 lakhs from ₹749.60 lakhs (a ~56% drop). Finance costs surged to ₹1,542 lakhs (vs ₹1,149 lakhs), pressuring margins. On a consolidated basis, H1 PAT dropped to ₹254.15 lakhs from ₹745.76 lakhs. The company also announced an operational lease with Eltech Appliances (Chennai) adding 0.25 million sets of annual capacity, with an assured 70,000 sets/year of business and a ₹500/set shortfall compensation clause, financed through internal accruals at ₹7 crore per annum.
Negative short-term sentiment likely as Q2 turned to a loss, PAT nearly halved, and operating cash flow turned deeply negative at ₹(2,649.75) lakhs. The ₹55 crore Eltech lease signals expansion plans but adds fixed costs, and reliance on ₹7,123 lakhs in financing inflows (preferential issue, warrants, borrowings) to fund operations and capex highlights cash strain.