V B Industries reported a net profit of ₹34.93 lakh for the first quarter of FY27, ending June 30, 2026. This represents an 8.6% increase year-on-year from ₹32.15 lakh in Q1FY25. The company turned profitable in the current quarter after reporting a net loss of ₹90.47 lakh in the preceding quarter (Q4FY26).

The Kolkata-based firm, which operates in the finance and investments segment, recorded zero revenue from operations for the quarter. Total income stood at ₹56.34 lakh, derived entirely from other income. This compares to total income of ₹695.41 lakh in Q4FY26, which included ₹650 lakh in operational revenue.

Financial Performance

The company’s expenses remained low at ₹9.66 lakh, primarily comprising employee benefit expenses of ₹3.63 lakh and other expenses of ₹6.03 lakh. There were no finance costs or cost of materials consumed reported for the quarter.

Tax expenses for the quarter amounted to ₹11.75 lakh. Earnings per share (basic and diluted) were ₹0.27, compared to a loss per share of ₹0.69 in the previous quarter and earnings of ₹0.25 in Q1FY25.

What the Numbers Show

The financial results highlight a complete reliance on non-operational income for profitability in Q1FY27. With zero revenue from operations, other income constituted 100% of the company’s total income (₹56.34 lakh out of ₹56.34 lakh). This contrasts sharply with Q4FY26, where operational revenue accounted for approximately 93% of total income. The divergence suggests a temporary pause or absence in core business activities during the current quarter, with profitability driven exclusively by investment returns or other non-core sources.

The unaudited standalone financial results were reviewed by SGAJ & Associates, the statutory auditors, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the results in a meeting held on August 12, 2026.

V B Industries Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹13.67 lakh compared to a net loss of ₹9.31 lakh in the previous year. The company’s revenue from operations for the fourth quarter surged to ₹650 lakh, up from ₹42.60 lakh in the corresponding three months of the prior year. This turnaround was driven primarily by a sharp increase in operational income, which helped offset expenses and tax liabilities.

For the quarter ended March 31, 2026, the company reported a total income of ₹695.41 lakh, while total expenses stood at ₹814.99 lakh, resulting in a net loss of ₹90.47 lakh for the period. However, the annual performance remained positive, with total income for the year reaching ₹853.45 lakh against ₹295.93 lakh in the prior year. The board of directors reviewed and recommended these results, which were subsequently taken on record during its meeting on May 28, 2026.

The statutory auditors, M/s. Rajesh Kumar Gokul Chand & Associates, issued an audit report with an unmodified opinion on the standalone financial statements. In their report, the auditors emphasized specific matters regarding the valuation of investments and advances. They noted that the company holds investments in small-cap illiquid stocks with thin or suspended trading, valued at last traded prices without provision for potential losses. Additionally, unquoted investments are carried at cost pending a fair valuation by an independent valuer.

The auditors also highlighted that the company has given interest-free advances amounting to ₹5,290.38 lakh. Management stated that the value shown in the financial statements represents fair value and is for business purposes, not prejudicial to the company. Despite these emphasis of matter paragraphs, the auditors confirmed that their opinion on the financial results remains unmodified.

The company’s balance sheet as of March 31, 2026, shows total assets of ₹10,698.73 lakh, an increase from ₹10,178.43 lakh in the previous year. Equity share capital remained constant at ₹1,310.80 lakh, while reserves and surplus improved to ₹8,210.15 lakh from ₹8,196.48 lakh. The statement of cash flows indicates a net increase in cash and cash equivalents of ₹9.47 lakh during the year, bringing the closing balance to ₹22.95 lakh.

Financial Results for FY26

Key Balance Sheet Items