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VL E-Governance & IT Solutions Q2 FY27 results: net loss widens to ₹0.53 crore
VL E-Governance & IT Solutions Limited reported nil operating revenue and a net loss of ₹0.53 crore for Q2 FY27 on a standalone basis. The loss was marginally higher than Q2 FY26, while lower expenses narrowed the EBITDA loss against the previous quarter.
Key points
- Revenue was nil in Q2 FY27, down ₹3.25 crore from Q2 FY26.
- Total income fell 99.4% to ₹0.02 crore from ₹0.31 crore in Q2 FY26.
- The company reported a net loss of ₹0.53 crore in Q2 FY27, against a net loss of ₹0.52 crore a year earlier.
- Total expenses declined 85.6% to ₹0.55 crore, while employee cost fell 21.9% to ₹0.25 crore.
- For H1 FY27, revenue fell 94.3% to ₹0.65 crore and PAT turned to a loss of ₹1.10 crore from a profit of ₹0.17 crore.
How did VL E-Governance & IT Solutions perform in Q2 FY27?
VL E-Governance & IT Solutions reported nil operating revenue in Q2 FY27, against ₹3.25 crore in Q2 FY26 and ₹0.65 crore in Q1 FY27. Total income was ₹0.02 crore, down 99.4% year on year and 97.1% sequentially. The company reported an EBITDA loss of ₹0.52 crore; no EBITDA margin was available for the quarter.
The profit before tax and net loss were each ₹0.53 crore, compared with a profit before tax and net loss of ₹0.52 crore in Q2 FY26 and ₹0.57 crore in Q1 FY27. Basic EPS was ₹0.05 in each of the three quarters. The figures are standalone; the results cover the July–September 2026 quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0.65 | 3.25 | ||
| Other income | 0.02 | 0.03 | 0.05 | −60.0% | −33.3% |
| Total expenses | 0.55 | 1.24 | 3.82 | −85.6% | −55.6% |
| EBITDA | −0.52 | −0.57 | −0.54 | ||
| Profit before tax | −0.53 | −0.57 | −0.52 | ||
| Tax | 0 | 0.01 | 0.01 | ||
| Net profit | −0.53 | −0.57 | −0.52 | ||
| EPS (₹) | −0.05 | −0.05 | −0.05 |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in VL E-Governance & IT Solutions' costs and profit?
Total expenses fell ₹3.27 crore, or 85.6%, to ₹0.55 crore from ₹3.82 crore in Q2 FY26. Employee cost was lower by ₹0.07 crore, or 21.9%, at ₹0.25 crore, while other expenses increased by ₹0.05 crore, or 22.7%, to ₹0.27 crore. Depreciation remained ₹0.03 crore, finance costs were nil and there was no exceptional item.
Other income declined ₹0.03 crore, or 60.0%, to ₹0.02 crore from ₹0.05 crore. Tax expense fell ₹0.01 crore to nil, but the net loss increased by ₹0.01 crore to ₹0.53 crore. Against Q1 FY27, total expenses were lower by ₹0.69 crore, or 55.6%, and employee cost fell ₹0.06 crore, or 19.4%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.25 | 0.32 | −0.07 | −21.9% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.03 | 0.03 | 0 | +0.0% |
| Other expenses | 0.27 | 0.22 | +0.05 | +22.7% |
| Total expenses | 0.55 | 3.82 | −3.27 | −85.6% |
| Other income | 0.02 | 0.05 | −0.03 | −60.0% |
| Tax | 0 | 0.01 | −0.01 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, revenue fell 94.3% to ₹0.65 crore from ₹11.49 crore in H1 FY26, while total income declined 94.1% to ₹0.70 crore from ₹11.92 crore. The company said its role as EPC Partner for the Sankalp Industrial Smart City Project had commenced and had started generating revenue.
Profit before tax turned to a loss of ₹1.09 crore from a profit of ₹0.18 crore, while PAT was a loss of ₹1.10 crore against a profit of ₹0.17 crore. EPS was ₹0.10 for the half year, compared with ₹0.02 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.65 | 11.49 | −94.3% |
| Profit before tax | −1.09 | 0.18 | turned to loss |
| Net profit | −1.10 | 0.17 | turned to loss |
| EPS (₹) | −0.10 | 0.02 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹46.00 crore, down from ₹47.20 crore at 31 March 2026, while total equity was ₹43.46 crore compared with ₹44.57 crore. Borrowings remained nil. Cash and cash equivalents declined to ₹0.03 crore from ₹2.04 crore, while trade receivables were unchanged at ₹1.16 crore.
H1 FY27 operating cash flow was negative ₹2.27 crore, compared with negative ₹2.45 crore in H1 FY26. Investing cash flow was ₹0.25 crore against ₹0.29 crore, financing cash flow was nil and capital expenditure was nil, compared with ₹0.14 crore in the earlier half.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 46 | 47.20 |
| Total equity | 43.46 | 44.57 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.03 | 2.04 |
| Inventories | 0 | 0 |
| Trade receivables | 1.16 | 1.16 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −2.27 | −2.45 |
| Cash from investing | 0.25 | 0.29 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0.14 |
Source: Company's results filing (XBRL).
How has VL E-Governance & IT Solutions done over the last 8 quarters?
Revenue reached its highest level in the reported series at ₹15.21 crore in Q3 FY25 and its lowest at nil in Q2 FY27. It rose to ₹8.24 crore in Q1 FY26 before declining to ₹4.48 crore in Q3 FY26, ₹1.19 crore in Q4 FY26, ₹0.65 crore in Q1 FY27 and nil in Q2 FY27.
PAT moved from profit of ₹0.94 crore in Q3 FY25 to profit of ₹0.69 crore in Q1 FY26, before losses began in Q2 FY26. The reported loss was ₹0.53 crore in Q2 FY27, slightly narrower than ₹0.57 crore in Q1 FY27. The EBITDA margin was highest at 4.3% in Q1 FY26 and lowest at -87.8% in Q1 FY27; no margin was available for Q2 FY27.
What else did the company announce?
On 4 November 2026, the board approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026, following review by the audit committee. The statutory auditors issued a limited review report with an unmodified opinion. The company filed an investor presentation covering its results and business strategy on the same day.
Management said the company was exploring business opportunities in government e-Governance initiatives and evaluating acquisition or joint venture options across infrastructure, renewable energy, electronics, software, hardware and aeronautical systems. No dividend, fund-raising or appointment was reported in the same-day filings.
Quick answers
What was VL E-Governance & IT Solutions' revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹3.25 crore in Q2 FY26 (standalone).
Did VL E-Governance & IT Solutions make a profit in Q2 FY27?
No. It reported a net loss of ₹0.53 crore, against a net loss of ₹0.52 crore in Q2 FY26.
What was VL E-Governance & IT Solutions' EPS in Q2 FY27?
Basic loss per share was ₹0.05, against a loss of ₹0.05 in Q2 FY26.
When did VL E-Governance & IT Solutions announce its Q2 FY27 results?
On 4 November 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Notice Of Board Meeting To Be Held On Wednesday, 4Th November, 2026 (BSE, 30 October 2026) · PDF
- Outcome of Board Meeting (NSE, 4 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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