VISA Chrome Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
VISACHROME · price
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VISA Chrome Limited (formerly VISA Steel Limited) reported total income of Rs. 568.01 crore for FY 2025-26, largely flat compared to Rs. 567.43 crore in the previous year. The company posted a profit before tax of Rs. 1,050.15 crore, compared to a loss of Rs. 516.55 crore in FY 2024-25, primarily due to exceptional gains of Rs. 1,089.11 crore from loan settlement write-backs with ACRE. However, before exceptional items, the company still reported a loss of Rs. 38.96 crore (improved from Rs. 47.23 crore loss). Basic EPS improved to Rs. 87.89 from negative Rs. 44.61. The auditors issued an unmodified opinion but highlighted material uncertainty regarding going concern due to accumulated losses, excess current liabilities over assets, and fully eroded net worth. The company reached a restructuring agreement with ACRE covering 100% of lenders.
While the bottom-line turnaround due to debt restructuring provides temporary relief, the company remains fundamentally weak with negative net worth of Rs. 219.86 crore. The going concern uncertainty from auditors means significant risk remains for shareholders, and the stock should be treated with caution until operational profitability improves.