Financial Results for the Quarter and Year ended March 31, 2026
VISACHROME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VISA Chrome Ltd (formerly VISA Steel) reported FY2026 revenue of Rs. 561.62 Crore, marginally down from Rs. 566.21 Crore in FY2025. The company swung to a net profit of Rs. 1,050.15 Crore from a loss of Rs. 516.55 Crore, primarily due to exceptional items of Rs. 1,089.11 Crore from loan settlement write-backs with ACRE covering 100% of lenders. EBITDA before exceptional items showed a loss of Rs. 38.96 Crore. The auditor issued an unmodified opinion but flagged a material uncertainty about going concern—the company has accumulated losses, current liabilities exceed current assets, and net worth is fully eroded. The restructuring with ACRE and debt repayment via warrant conversions (Rs. 140 Crore received) provide some relief. The company operates under conversion arrangement with limited working capital.
While the reported net profit appears strong due to exceptional items, underlying operations remain loss-making. The going concern warning from auditors and eroded net worth pose significant risk despite the loan restructuring. Investors should focus on cash generation and operational turnaround rather than headline profits.