Virinchi Limited reported a consolidated net loss of ₹2,738.70 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹48.41 lakh recorded in the previous year. Revenue from operations for the year declined to ₹28,436.40 lakh from ₹30,113.03 lakh in FY25, primarily impacted by performance across its SaaS, IT, and healthcare segments. On a standalone basis, the company reported a net profit of ₹1,397.85 lakh for FY26, a decrease from ₹1,603.90 lakh in the prior year.

The Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The results were reviewed by the Audit Committee and are prepared in accordance with Indian Accounting Standards (Ind AS). The statutory auditors, M/s. P. Murali & Co., issued an unmodified opinion on the financial results.

Financial Performance

For the quarter ended March 31, 2026, the consolidated net loss stood at ₹1,568.65 lakh, compared to a loss of ₹444.18 lakh in the same period last year. Total income for the quarter was ₹6,731.19 lakh, while total expenses amounted to ₹8,035.20 lakh. The standalone entity reported a net loss of ₹810.35 lakh for Q4FY26, compared to a profit of ₹170.85 lakh in Q4FY25.

Segment Results

The company operates across four major segments: SaaS Business, IDC & IT Services, Health Care Services, and Payment & Credit Services. The SaaS Business reported revenue of ₹15,393.88 lakh for the year, while Health Care Services contributed ₹7,999.05 lakh. The IDC & IT Services segment recorded revenue of ₹4,036.85 lakh. Segment results before interest and tax showed a decline in the SaaS Business, which reported a profit of ₹1,318.30 lakh compared to ₹1,984.12 lakh in the previous year.

Auditor's Emphasis of Matter

The statutory auditors drew attention to the fact that the company has not been regular in depositing certain undisputed statutory dues, including Provident Fund, Employees' State Insurance, Professional Tax, Tax Deducted at Source (TDS), and Income Tax. These outstanding dues as of March 31, 2026, total approximately ₹2,740.21 lakh on a consolidated basis. Additionally, there are income tax liabilities in dispute amounting to ₹1,065.72 lakh for assessment years 2017-18 and 2022-23. The auditors stated that the eventual outcome of any proceedings or penalties is uncertain but noted that their opinion is not modified in respect of this matter.

Capital Structure

During the quarter ended March 31, 2026, the company allotted 61,50,000 equity shares pursuant to the conversion of warrants issued on a preferential basis. The paid-up share capital as of March 31, 2026, stood at 10,879.69 lakh units. The company's cash and cash equivalents increased to ₹865.92 lakh on a consolidated basis at the end of FY26 from ₹775.76 lakh in the previous year.

Virinchi Limited has announced that its board of directors will meet on Thursday, May 28, 2026. The primary agenda for the meeting is to consider and approve the audited standalone and consolidated financial results of the company for the quarter and year ended March 31, 2026.

The meeting is scheduled to take place at the registered office of the company. In accordance with regulatory requirements, the trading window for all directors, promoters, designated employees, and specified connected persons of the company and its material subsidiaries will remain closed until May 30, 2026, in view of the upcoming board meeting.

Board Meeting Details