Visagar Polytex publishes FY26 audited results in newspapers
Visagar Polytex Limited reported a net loss of ₹153.72 lakh for FY26, an improvement from the ₹166.40 lakh loss recorded in the previous year, while revenue from operations increased to ₹11.52 lakh. The Board approved the audited financial results on May 29, 2026, and the extract was published in newspapers on May 31, 2026, in compliance with Regulation 47 of SEBI LODR Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
Visagar Polytex Limited reported a net loss of ₹153.72 lakh for the financial year ended March 31, 2026, narrowing from a net loss of ₹166.40 lakh in the previous year. The company recorded revenue from operations of ₹11.52 lakh for the year, a significant increase from zero in the prior year, while total income rose to ₹12.46 lakh from ₹1.51 lakh. For the quarter ended March 31, 2026, the net loss was ₹42.37 lakh, with revenue from operations remaining at zero.
The Board of Directors, in its meeting held on May 29, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026. The meeting also sanctioned the re-appointment of Mr. Lakhpat M. Trivedi as the Internal Auditor of the company for the financial year 2026-27. The trading window for dealing in the company's securities will open 48 hours after the results were made public.
Total expenditure for the year decreased to ₹174.15 lakh from ₹179.64 lakh in the previous year. Finance costs for the year stood at ₹43.24 lakh, down from ₹50.25 lakh, while depreciation and amortisation expenses were ₹49.91 lakh compared to ₹64.38 lakh. The company reported a deferred tax expense of ₹7.97 lakh for the year.
The standalone balance sheet as of March 31, 2026, showed total assets of ₹600.69 lakh, down from ₹727.58 lakh in the previous year. Non-current assets decreased to ₹208.99 lakh from ₹272.93 lakh, while current assets stood at ₹391.70 lakh compared to ₹454.65 lakh. Equity and liabilities totaled ₹600.69 lakh, with equity showing a negative balance of ₹40.72 lakh against a positive balance of ₹113.13 lakh in the prior year.
The cash flow statement for the year ended March 31, 2026, indicated a net cash flow from operating activities of ₹17.47 lakh, a decrease from ₹76.83 lakh in the previous year. Cash and cash equivalents at the end of the year stood at ₹17.49 lakh. The auditor's report, issued by M/s. Bhatther and Associates, confirmed that the financial results present a true and fair view in conformity with the applicable Indian accounting standards.
Financial Results for the Year Ended March 31, 2026
| Particulars | Year Ended 31/03/2026 (₹ in Lakhs) | Year Ended 31/03/2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 11.52 | 0 |
| Other Income | 0.94 | 1.51 |
| Total Income | 12.46 | 1.51 |
| Total Expenditure | 174.15 | 179.64 |
| Profit/Loss before Tax | (161.69) | (178.13) |
| Net Profit/Loss | (153.72) | (166.40) |
Key Board Decisions
- Approved audited standalone financial results for the quarter and year ended March 31, 2026.
- Re-appointed Mr. Lakhpat M. Trivedi as Internal Auditor for FY 2026-27.
Historical Stock Returns for Visagar Polytex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.85% | +3.77% | +12.24% | -20.29% | -36.05% | -45.00% |
What strategic initiatives will Visagar Polytex implement to convert the nominal revenue growth into sustainable profitability?
How does the company plan to address the negative equity balance of ₹40.72 lakh and restore shareholder value?
Will the reduction in total expenditure and finance costs continue into FY 2026-27 to further narrow losses?
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