FY26 Annual Report: Rs 1,050 Cr PAT driven by one-time loan write-back

VISA Chrome (formerly VISA Steel) FY26 revenue dipped to Rs 561.62 Cr (Rs 566.21 Cr prior). Operating profit fell to Rs 20.06 Cr from Rs 32.22 Cr. PAT turned to Rs 1,050.15 Cr profit from a Rs 516.55 Cr loss, driven by a one-time exceptional gain of Rs 1,089.11 Cr on debt settlement write-back with ACRE covering all lenders. Plant runs under conversion arrangement due to absent working capital. Raised Rs 140 Cr via warrants to promoter group for debt repayment. No dividend. Auditors gave unmodified opinion but flagged material going concern uncertainty.