Wherrelz IT FY26 results: Revenue up 83%, PAT swings to profit Rs 22.37L
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Wherrelz IT Solutions reported FY26 revenue of Rs 1,965.93 lakhs, up 83% from Rs 1,071.79 lakhs in FY25. Net profit swung to Rs 22.37 lakhs from a loss of Rs 894.36 lakhs. EPS at Rs 5.74 vs Rs (229.56). Auditor (B B Gusani & Associates) gave an unmodified opinion. Board approved raising authorised capital to Rs 48 cr and issuing up to 4.67 cr shares at Rs 10 to 7 non-promoters to convert ~Rs 46.77 cr of unsecured loans into equity. EGM set for May 18, 2026.
Strong revenue rebound and return to profit, but accumulated losses of Rs 768.72L linger. Loan-to-equity conversion will strengthen the balance sheet and reduce leverage.