Vardhman Concrete narrows FY26 loss to ₹11.86 lakhs
Vardhman Concrete Limited's board approved the audited standalone financial results for FY26, revealing a narrowed net loss of ₹11.86 lakhs compared to ₹43.02 lakhs in FY25. Total revenue stood at ₹4.49 lakhs, while total expenses decreased significantly to ₹17.49 lakhs. The company also appointed M/s. Priti J Sheth & Associates as its Secretarial Auditor for the financial year 2025-26.
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Vardhman Concrete Limited reported a net loss of ₹11.86 lakhs for the financial year ended March 31, 2026, a significant improvement from the net loss of ₹43.02 lakhs in the previous year. The company's board of directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 25, 2026. The reduction in loss was primarily driven by a sharp decline in total expenses to ₹17.49 lakhs from ₹48.44 lakhs in FY25, largely due to a decrease in finance costs from ₹23.05 lakhs to ₹5.66 lakhs.
Financial Performance
The company's total revenue for FY26 stood at ₹4.49 lakhs, comprising entirely of other income, compared to ₹4.27 lakhs in FY25. The statutory auditors, M/s. G. P. Sharma & Co. LLP, issued an unmodified opinion on the standalone audited financial results. The following table presents the audited standalone financial results (₹ in Lakhs, except EPS):
| Metric | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Total Revenue | 1.01 | 1.14 | 1.98 | 4.49 | 4.27 |
| Total Expenses | 3.69 | 4.65 | 14.20 | 17.49 | 48.44 |
| Profit Before Tax | (2.68) | (3.51) | (12.22) | (13.01) | (44.17) |
| Net Profit/(Loss) | (2.39) | (3.22) | (11.94) | (11.86) | (43.02) |
| Basic EPS | (0.03) | (0.04) | (0.17) | (0.17) | (0.60) |
Key Balance Sheet Highlights
Trade receivables remained unchanged at ₹361.97 lakhs, entirely classified as unsecured and considered good, with the full amount outstanding for more than three years. Cash and bank balances improved to ₹2.15 lakhs from ₹0.18 lakhs in the prior year. The company's retained earnings deficit widened to ₹1,879.44 lakhs as at March 31, 2026, from ₹1,867.58 lakhs as at March 31, 2025, reflecting the accumulated net loss.
Secretarial Auditor Appointment
The board appointed M/s. Priti J Sheth & Associates, Company Secretaries, as Secretarial Auditor for conducting the secretarial audit for FY 2025-26 pursuant to Section 204 of the Companies Act, 2013. The firm brings over 16 years of experience in corporate and secretarial compliance. The appointment was effective May 25, 2026.
What operational strategies will Vardhman Concrete implement to generate core revenue, given that FY26 revenue relied entirely on other income?
Is the reduction in finance costs sustainable for the upcoming fiscal year, or was it a result of one-time debt restructuring?
Does the company have a concrete plan to recover the significant trade receivables that have been outstanding for over three years?
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