VISA Chrome returns to profitability in FY26
VISA Chrome Limited reported a net profit of ₹1,050.15 crore for the financial year ended March 31, 2026, reversing the previous year's loss of ₹516.55 crore. This turnaround was driven by exceptional items totaling ₹1,089.11 crore, including a write-back of loan settlements. Revenue from operations was ₹561.62 crore. While statutory auditors issued an unmodified opinion, they flagged material uncertainty regarding the company's status as a going concern due to eroded net worth.
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VISA Chrome Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹1,050.15 crore against a net loss of ₹516.55 crore in the previous year. The turnaround was primarily driven by exceptional items totaling ₹1,089.11 crore, which included the write-back of the difference between outstanding and settlement amounts for loan exposures and interest waivers. Despite the profit, the statutory auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern due to accumulated losses and eroded net worth, though a restructuring plan with Assets Care and Reconstruction Enterprise (ACRE) has been sanctioned.
The Board of Directors approved the audited standalone and consolidated financial results for FY26 on May 25, 2026. The company published these results in leading English and regional newspapers on May 27, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Singhi & Co., Chartered Accountants, the statutory auditors, issued an unmodified opinion on the results. Revenue from operations for the year stood at ₹561.62 crore, slightly lower than the ₹566.21 crore recorded in FY25. Total income for the period was ₹568.01 crore.
Financial Performance
The company's financial recovery was underpinned by one-time gains. For the year ended March 31, 2026, profit before tax surged to ₹1,050.15 crore from a loss before tax of ₹516.55 crore in the prior year. The exceptional items for the year comprised a write-back of ₹1,082.20 crore related to loan settlements and an interest waiver of ₹6.91 crore from VISA Infra Limited.
| Metric (₹ in Crore) | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Revenue From Operations | 561.62 | 566.21 |
| Total Income | 568.01 | 567.43 |
| Total Expenses | 606.97 | 614.66 |
| Profit Before Tax | 1,050.15 | (516.55) |
| Net Profit | 1,050.15 | (516.55) |
Auditor's Observations
The statutory auditors noted that the company's current liabilities substantially exceed its current assets and that its net worth has been fully eroded. These conditions indicate a material uncertainty that may cast doubt on the company's ability to continue as a going concern. However, the management has prepared the financial results on a going concern basis, relying on the successful implementation of the restructuring plan with ACRE and improved availability of working capital.
Corporate Governance
Based on the recommendations of the Audit Committee, the Board reappointed M/s. DGM & Associates as Cost Auditor and M/s. L. B. Jha & Co. as Internal Auditor for the financial year 2026–27. The remuneration for the Cost Auditor will be placed before shareholders for ratification at the upcoming Annual General Meeting.
Historical Stock Returns for VISA Chrome
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.81% | -3.08% | -17.78% | -15.03% | +27.15% | +322.15% |
What are the specific milestones and timeline for the sanctioned restructuring plan with ACRE?
How does the company plan to sustain profitability once the one-time exceptional items are exhausted?
What operational strategies will be implemented to reverse the decline in revenue from operations?
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