Voler Car Limited, listed on the NSE Emerge platform, announced its audited standalone financial results for the fourth quarter and full year ended March 31, 2026, following a Board of Directors meeting held on May 8, 2026. The results were approved pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and audited by M/s. Goyal Goyal & Co., Statutory Auditors, who issued an unmodified opinion on the financial statements. Subsequently, on May 12, 2026, the company also issued a press release under Regulation 30 of the SEBI (LODR) Regulations, 2015, providing an overview of financial highlights, growth initiatives, and management commentary. The company operates in a single reportable segment of Employee Transportation Services.

Financial Performance Overview

For the full year ended March 31, 2026, Voler Car Limited recorded revenue from operations of ₹5,284.41 lakhs, compared to ₹4,239.85 lakhs in the previous year. Other income for FY26 stood at ₹259.83 lakhs versus ₹59.20 lakhs in FY25, taking total income to ₹5,544.24 lakhs against ₹4,299.05 lakhs in FY25. EBITDA for FY26 stood at ₹482.64 lakhs, while profit before tax (PBT) was ₹466.58 lakhs and net profit (PAT) was ₹347.06 lakhs. The following table presents the key financial metrics for the full year and the latest quarter:

Expense Breakdown

Total expenses for FY26 amounted to ₹5,077.66 lakhs compared to ₹3,777.95 lakhs in FY25. After accounting for total tax expenses of ₹119.52 lakhs, net profit for FY26 was ₹347.06 lakhs versus ₹449.89 lakhs in FY25. The expense composition for FY26 is detailed below:

Operational Highlights

During FY26, Voler Car served 29+ corporate clients across various industries including IT/ITeS and enterprise businesses. The company expanded its operational presence across 17+ cities, strengthening its service network, while its employee strength stood at 115+ professionals supporting daily operations and client servicing. The company managed 2,100+ trips per day during FY26, reflecting strong execution capabilities and operational scale, with a continued focus on service reliability, operational efficiency, and customer-centric mobility solutions.

Management Commentary

Commenting on the performance, Mr. Vikas Parasrampuria, Whole-Time Director, said: "FY26 was an important year for Voler Car as we continued to strengthen our presence in the employee transportation segment and expand our operational reach across customers and locations. During the year, the Company witnessed healthy growth in revenues driven by continued demand for organized corporate mobility solutions. The long-term outlook for the employee transportation industry remains encouraging, supported by increasing corporate outsourcing and mobility requirements. With our growing market presence and disciplined approach towards operations, we remain optimistic about the opportunities ahead and confident about achieving sustainable growth in the coming years."

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹4,630.77 lakhs compared to ₹4,378.77 lakhs as at March 31, 2025. Shareholders' funds increased to ₹4,050.00 lakhs from ₹3,702.94 lakhs, comprising share capital of ₹1,114.35 lakhs and reserves and surplus of ₹2,935.65 lakhs. Cash and bank balances were ₹2,641.09 lakhs as at March 31, 2026, compared to ₹3,109.05 lakhs in the prior year. Trade receivables stood at ₹617.47 lakhs versus ₹447.94 lakhs in the previous year.

IPO and Private Placement Fund Utilisation

The company had issued 30,00,000 equity shares of ₹10 each at a premium of ₹80 each as a fresh issue via public offering and got listed on the Emerge Platform of NSE Limited on February 19, 2025. As at March 31, 2026, out of the total allocated amount of ₹2,700.00 lakhs from the IPO proceeds, ₹535.56 lakhs had been utilised and ₹2,164.44 lakhs remained unutilised, with the unutilised amount invested in fixed deposits.

Additionally, the company had issued 11,370 equity shares of ₹10 each at a premium of ₹24,590 each as private placement on June 29, 2024. The entire allocated amount of ₹523.02 lakhs from this placement has been fully utilised towards funding working capital requirements as at March 31, 2026.

Internal Auditor Re-appointment

The Board of Directors, at its meeting held on May 8, 2026, re-appointed the In-House Internal Audit Department as the Internal Auditor of the Company for the financial year 2026-27. The department will be headed by Mr. Nirankar Mishra, General Manager (GM), and will comprise such other officials as may be decided by the management from time to time. The department is responsible for ensuring effective internal controls, compliance, and risk management, and conducts independent audits to improve operational and financial efficiency.

Voler Car Limited has submitted a regulatory intimation to the National Stock Exchange of India Limited (SME Emerge) under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that there has been no deviation or variation in the utilisation of proceeds from its Public Issue (IPO) for the quarter and year ended 31st March, 2026. The disclosure, dated 8th May, 2026, was signed by Vikas Parasrampuria, Whole-Time Director of the company.

IPO Overview and Fund Raising Details

Voler Car Limited raised funds through a Public Issue, with allotment completed on 18th February, 2025, and the equity shares listed on the NSE Emerge platform on 19th February, 2025. The company issued 30,00,000 equity shares of ₹ 10 each at a premium of ₹ 80 per share, resulting in a total issue price of Rs 90 per share. The key details of the issue are summarised below:

Statement of Fund Utilisation

As per the statement of utilisation of funds certified by statutory auditors Goyal Goyal & Co. (Firm's Registration No. 015069C), the IPO proceeds have been deployed across three objects as stated in the Prospectus dated 17th February, 2025. All funds utilised have been directed strictly towards the objects outlined in the prospectus, with no deviation reported. The detailed utilisation as of 31st March, 2026 is as follows:

The unutilised amount of Rs 2,164.44 lakhs is noted to be invested in fixed deposits (FDs).

Auditor's Certificate and Compliance

The statement of utilisation has been certified by CA Hemant Goyal, Partner at Goyal Goyal & Co., Chartered Accountants (M. No. 405884, UDIN: 26405884ZQHWHD1953), based in Kolkata, dated 8th May, 2026. The auditors confirmed that the statement is in agreement with the books of account and records of the company and fairly presents, in all material respects, the manner of utilisation of funds. The certificate was issued in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) issued by the Institute of Chartered Accountants of India, and pursuant to LODR requirements and NSE circular reference number NSE/CML/2024/23.

The Audit Committee offered no comments on the statement, and no shareholder approval was required as there was no deviation or variation in the use of funds. The statement was also signed by Ankit Toshniwal, CFO of Voler Car Limited, from Kolkata on 8th May, 2026.