Audited Financial Results of the Company (both standalone and consolidated) for the fourth quarter and financial year ended March 31, 2026
VISAKAIND · price
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Visaka Industries reported strong FY26 results with standalone revenue of Rs 1,67,559 lakhs, up 8.75% from Rs 1,54,081 lakhs in FY25. Standalone net profit after tax surged to Rs 8,783 lakhs from just Rs 14.38 lakhs in the prior year. This dramatic jump is primarily due to exceptional items of Rs 5,970.33 lakhs from the sale of land in Ahmedabad (Rs 3,674.30 lakhs) and land & building in Kanchipuram (Rs 2,296.03 lakhs). Excluding these one-time gains, the underlying profit before tax was Rs 5,055 lakhs vs Rs 132.19 lakhs — still a substantial improvement. Finance costs dropped significantly to Rs 3,296 lakhs from Rs 4,424 lakhs, reflecting active debt reduction. Total borrowings fell from Rs 47,842 lakhs to Rs 30,249 lakhs. The Board recommended a final dividend of Rs 1.20 per share (60% on Rs 2 face value). The auditor (Price Waterhouse & Co) issued an unqualified opinion with no going concern or emphasis of matter issues. A new CFO, Mr. Ramakrishna Pendyala, was appointed effective June 20, 2026, succeeding Mr. S. Shafiulla on retirement.
The large exceptional gains from asset sales inflated PAT substantially, making year-on-year comparisons misleading. The core business showed solid improvement in operating profitability and a significant reduction in debt. Shareholders should note the dividend but treat the PAT figure as non-recurring.