Wherrelz IT Solutions Q4FY26 Results: Net profit turns positive to ₹23 lakh
- Wherrelz IT Solutions returns to profit with ₹22.96 lakh PAT in FY26 vs loss of ₹894.29 lakh previously
- Revenue from operations jumps 82.5% YoY to ₹1,956.01 lakh while expenses decline slightly
- 12th AGM scheduled for September 30, 2026 to approve financials and re-appoint directors
- Secretarial audit flags compliance delays including late shareholding pattern filings
*this image is generated using AI for illustrative purposes only.
Wherrelz IT Solutions has called its 12th Annual General Meeting for September 30, 2026, to approve financial results that mark a return to profitability. The company reported a net profit of ₹22.96 lakh for FY26, recovering from a loss of ₹894.29 lakh in the prior year.
The BSE SME-listed firm also seeks shareholder approval to re-appoint Mrs. Sumanlata Dhareshwar as a director and to appoint CS Mayuri Rupareliya as its secretarial auditor.
Financial Performance
Revenue from operations grew significantly to ₹1,956.01 lakh in FY26, up from ₹1,071.76 lakh in FY25. This top-line expansion was accompanied by a sharp reduction in total expenses, which fell to ₹1,942.47 lakh from ₹1,966.11 lakh in the previous fiscal year.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹1,956.01 lakh | ₹1,071.76 lakh | +82.5% |
| Total Expenses | ₹1,942.47 lakh | ₹1,966.11 lakh | -1.2% |
| Net Profit/(Loss) | ₹22.96 lakh | -₹894.29 lakh | Turnaround |
The company did not recommend any dividend for the year under review. Share capital remained unchanged at ₹38.96 lakh.
What the Numbers Show
The turnaround in profitability was driven by operational leverage rather than just revenue growth. While revenue more than doubled, total expenses decreased slightly. This divergence suggests significant cost optimization or a shift in the cost structure, allowing the company to cross the break-even threshold despite modest absolute profit margins.
Corporate Governance & Compliance
The Board of Directors met four times during FY26. The Audit Committee, chaired by Independent Director Uma Krishnan, also held four meetings. The Nomination and Remuneration Committee and Stakeholders Relationship Committee each met once.
The secretarial audit report highlighted several compliance lapses, including delayed filing of shareholding patterns and shareholder complaints, which resulted in fines from the BSE. The company has not disclosed a group company incorporated outside India to regulatory authorities, as noted by the auditor.
AGM Details
- Date: September 30, 2026
- Time: 11:30 am
- Venue: Registered Office, Navi Mumbai
- Book Closure: September 18 to September 30, 2026
- E-Voting: Remote e-voting via NSDL opens on September 27, 2026
Historical Stock Returns for Wherrelz IT Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Will Wherrelz IT Solutions maintain its cost optimization strategies to sustain profitability, or is the FY26 turnaround a one-time event driven by specific operational adjustments?
How will the company address the secretarial audit lapses and BSE fines to restore regulatory compliance and investor confidence in its corporate governance?
Given the significant revenue growth of 82.5%, what new contracts or market segments contributed to this expansion, and are these growth drivers sustainable for FY27?
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