Vikas Ecotech reported a consolidated net profit of ₹199.8 lakh for the quarter ended June 30, 2026 (Q1FY27), a 37% increase from ₹169.7 lakh in the same period last year. The company’s board approved the standalone and consolidated unaudited financial results on August 26, 2026.

Standalone net profit stood at ₹3.6 lakh, compared to a loss of ₹109.7 lakh in Q4FY26 and a profit of ₹169.7 lakh in Q1FY26. Consolidated revenue from operations rose 15% year-on-year to ₹11,915.2 lakh, while standalone revenue increased 3% to ₹8,611.2 lakh.

Financial Performance

The group’s total income reached ₹12,220.4 lakh, supported by other income of ₹305.3 lakh. Total expenses were ₹11,894.1 lakh. Profit before tax was ₹326.3 lakh, against ₹331.7 lakh in Q1FY26.

Segment Breakdown

In the standalone segment results, the Chemical, Polymers & Special Additives business contributed ₹4,925.7 lakh in revenue, up significantly from ₹3,710.8 lakh in Q1FY26. This segment generated ₹346.0 lakh in pre-tax results. The Infra & Energy segment saw revenue decline to ₹3,685.6 lakh from ₹4,649.8 lakh, with pre-tax results dropping to ₹19.4 lakh.

Consolidated revenue for the Chemical segment was ₹8,229.6 lakh, compared to ₹5,705.7 lakh in the prior-year quarter. Infra & Energy revenue remained flat at ₹3,685.6 lakh.

What the Numbers Show

A significant divergence exists between standalone and consolidated profitability. While the standalone entity reported a marginal net profit of ₹3.6 lakh, the consolidated group delivered ₹199.8 lakh. This gap is primarily driven by the contribution of non-controlling interests and the subsidiary’s performance within the Chemical segment, which accounts for the majority of the group’s revenue growth.

Key Developments

• The company recognized compensation of ₹1.5 crore from a settlement with Hallow Securities Private Limited regarding outstanding dues of ₹20.45 crore.
• The Directorate of Enforcement issued a Provisional Attachment Order under PMLA against certain assets of a promoter. The company stated this has no immediate impact on operations or financial position.
• Statutory auditors Masar & Co. issued an unmodified limited review report on the results.

Vikas Ecotech has appointed M/s MASAR & Co., Chartered Accountants, as its new statutory auditor, effective August 17, 2026. The appointment fills a casual vacancy created by the resignation of M/s KSMC & Associates, Chartered Accountants, which concluded its tenure after two consecutive five-year terms.

The Board of Directors approved the change during a meeting held on August 17, 2026, based on the recommendation of the Audit Committee. The new appointment is subject to approval by shareholders at the ensuing Annual General Meeting (AGM) for the financial year 2025-26.

Reasons for Resignation

M/s KSMC & Associates cited two primary reasons for stepping down in its resignation letter dated August 12, 2026:

• Tenure Expiry: The firm completed its aggregate tenure of two consecutive terms (5+5 years) as per rotation requirements under the Companies Act, 2013, making it ineligible for re-appointment.
• Operational Constraint: The firm stated that the limited review of financial results for the quarter ended June 30, 2026 (Q1 FY27), could not commence because the Engagement Partner was abroad due to a sudden personal or medical emergency. This unavailability prevented the completion of the audit within the requisite timeline.

The company confirmed in its exchange filing that there are no material reasons for the resignation other than those stated in the letter from M/s KSMC & Associates.

New Auditor Profile

M/s MASAR & Co., established in 2011, brings over 15 years of experience in audit, assurance, taxation, and regulatory compliance. The firm serves domestic and international clients with expertise in cross-border transactions and business advisory services.

The company disclosed these developments pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.