Vikas WSP reports widened net loss for FY26

1 min read     Updated on 30 May 2026, 03:19 PM
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Anirudha BScanX News Team
AI Summary

Vikas WSP Limited reported a widened standalone net loss of ₹6,697.57 lakh for FY26, compared to ₹2,661.07 lakh in the previous year. Total income from operations for the year decreased to ₹25.75 lakh from ₹26.34 lakh in FY25. The company, which is under the corporate insolvency resolution process, saw its net loss for the quarter ended March 31, 2026, widen to ₹4,071.65 lakh.

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vikas wsp reported a standalone net loss of ₹6,697.57 lakh for the year ended March 31, 2026, widening from ₹2,661.07 lakh in the previous year. Total income from operations for the year declined to ₹25.75 lakh from ₹26.34 lakh in FY25. The company is currently under the corporate insolvency resolution process, with its affairs managed by the Resolution Professional.

For the quarter ended March 31, 2026, the company reported a net loss of ₹4,071.65 lakh, compared to a loss of ₹40.74 lakh in the corresponding quarter of the previous year. Total income from operations for the quarter stood at ₹8.39 lakh, slightly higher than ₹8.31 lakh in the same period last year. The basic and diluted earnings per share (EPS) for the year stood at ₹(3.25), compared to ₹(1.30) in the previous year.

Financial Performance

The company's financial results for the quarter and year ended March 31, 2026, were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 28, 2026. The Independent Auditor's Report of the Statutory Auditors is being filed with the Stock Exchange. The company continues to operate under the provisions of the Insolvency and Bankruptcy Code, 2016.

Particulars Quarter Ended March 31, 2026 (Audited) Quarter Ended March 31, 2025 (Audited) Year Ended March 31, 2026 (Audited) Year Ended March 31, 2025 (Audited)
Total Income from operations 8.39 8.31 25.75 26.34
Net Profit/ Loss for the period after tax (4,071.65) (40.74) (6,697.57) (2,661.07)
Total comprehensive income (4,010.42) (28.05) 6,636.34 (2,649.38)
Equity Share Capital 20,440.40 20,440.40 20,440.40 20,440.40
Basic EPS (Rs.) (1.96) (0.01) (3.25) (1.30)

The company's equity share capital remained unchanged at ₹20,440.40 lakh during the period. The total comprehensive income for the year stood at ₹6,636.34 lakh, a significant shift from the negative comprehensive income reported in the previous year. The detailed financial results are available on the BSE website.

Historical Stock Returns for Vikas WSP

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+1.03%-2.00%-20.33%-34.23%-81.85%

What is the expected timeline for the resolution process under the Insolvency and Bankruptcy Code?

How will the widening net loss impact the company's ability to attract potential bidders during the insolvency resolution?

What strategic measures are the Resolution Professional considering to stabilize operations and reduce losses?

Vikas WSP reports net loss of ₹66.97 crore in FY26

2 min read     Updated on 30 May 2026, 01:48 PM
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Shriram SScanX News Team
AI Summary

Vikas WSP Limited reported a net loss of ₹66.97 crore for the financial year ended March 31, 2026, compared to a net loss of ₹26.61 crore in the previous year, while total income from operations declined to ₹25.75 lakh. The company, which is under the Corporate Insolvency Resolution Process, has scheduled its 37th Annual General Meeting for June 24, 2026, through video conferencing.

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Vikas WSP Limited has reported a net loss of ₹66.97 crore for the financial year ended March 31, 2026, widening from the net loss of ₹26.61 crore recorded in the previous year. The company's total income from operations for the year stood at ₹25.75 lakh, a decrease from ₹26.34 lakh in FY25. For the quarter ended March 31, 2026, the company posted a net loss of ₹40.71 crore on a total income from operations of ₹8.39 lakh.

The company is currently under the Corporate Insolvency Resolution Process (CIRP) pursuant to the Insolvency and Bankruptcy Code, 2016, with affairs managed by Resolution Professional Mr. Darshan Singh Anand. The audited financial results for the quarter and year ended March 31, 2026, were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 28, 2026. The Independent Auditor's Report of the Statutory Auditors is being filed with the Stock Exchange.

Vikas WSP Limited has scheduled its 37th Annual General Meeting (AGM) for Wednesday, June 24, 2026, at 11:30 AM IST through video conferencing. The meeting will be conducted in compliance with the Ministry of Corporate Affairs and Securities and Exchange Board of India regulations. Pursuant to Section 91 of the Act and Regulation 42 of the SEBI Listing Regulations, 2015, the Register of Members and Share Transfer Books of the company will remain closed from June 18, 2026, to June 24, 2026 (both days inclusive).

Financial Results Summary

The following table outlines the standalone audited financial results for the quarter and year ended March 31, 2026:

Particulars Quarter Ended March 31, 2026 (Audited) Year Ended March 31, 2026 (Audited)
Total Income from operations ₹8.39 lakh ₹25.75 lakh
Net Profit/ Loss for the period after tax (₹40.71 crore) (₹66.97 crore)
Equity Share Capital (Face value of ₹1/- each) ₹2,044.04 crore ₹2,044.04 crore
Earning per share (Basic) (₹1.96) (₹3.25)

Shareholder Communication

Shareholders who have not registered their email addresses are requested to update their details to receive the Notice of the AGM and Integrated Annual Report electronically. Members holding shares in electronic form must update their information with their Depository Participant. Those holding shares in physical form must submit the prescribed Form ISR-1 and other relevant forms to the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

Historical Stock Returns for Vikas WSP

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+1.03%-2.00%-20.33%-34.23%-81.85%

What is the expected timeline for the resolution of the Corporate Insolvency Resolution Process (CIRP) and potential bidders?

How will the company address the drastic decline in operational income while managing its substantial equity share capital?

What strategic updates regarding the company's revival plan will be presented during the upcoming 37th Annual General Meeting?

More News on Vikas WSP

1 Year Returns:-34.23%