V B Industries returns to profitability in FY26 with revenue of ₹650 lakh
V B Industries Limited returned to profitability in FY26 with a net profit of ₹13.67 lakh, compared to a net loss of ₹9.31 lakh in the previous year. Revenue from operations for Q4FY26 surged to ₹650 lakh. The statutory auditors issued an unmodified opinion but highlighted matters regarding investment valuation and interest-free advances.

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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
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 650.00 | 87.60 |
| Total Income | 853.45 | 295.93 |
| Total Expenses | 833.86 | 268.73 |
| Profit for the Year | 13.67 | (9.31) |
| Basic EPS (₹) | 0.10 | (0.07) |
Key Balance Sheet Items
| Particulars | As At 31.03.2026 (₹ in Lakhs) | As At 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Total Assets | 10,698.73 | 10,178.43 |
| Total Equity | 9,520.95 | 9,507.28 |
| Total Liabilities | 1,177.79 | 671.15 |
| Net Cash from Operating Activities | 208.98 | 5.54 |
Historical Stock Returns for VB Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.08% | +2.65% | -10.51% | -10.28% | -30.20% | +772.50% |
What is the timeline for the independent valuation of unquoted investments, and how might a downward adjustment impact future profitability?
Does the company plan to recover the significant interest-free advances of ₹5,290.38 lakh, and what are the specific business purposes justifying this capital allocation?
Is the surge in Q4 revenue from operations sustainable, or does it reflect one-time transactions that may not recur in FY27?






























