Q1 FY26-27 results: revenue drops 45% QoQ, MoU for Rs 800 cr smart city EPC
VLEGOV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VL E-Governance posted Q1 FY26-27 revenue of Rs 64.90 lakhs, down 45% QoQ from Rs 118.54 lakhs. EBITDA loss narrowed slightly to Rs 54.24 lakhs from Rs 54.65 lakhs; PAT loss stood at Rs 57.36 lakhs. Company remains debt-free with net worth of Rs 4,456.61 lakhs. Signed MoU as EPC partner for Sankalp Industrial Smart City Phase I worth around Rs 800 crores, and a binding term sheet to acquire 40 percent stake in HAL-Edgewood Technologies in aerospace and defence. Plans to bid for land digitization, EV charging, and solar projects.
Weak quarterly revenue and continued losses remain a concern, but large EPC pipeline and defence acquisition could drive future growth.