Winny Immigration reports widened FY26 loss of ₹632.71 lakh
Winny Immigration reported a widened FY26 net loss of ₹632.71 lakh as revenue dropped to ₹224.95 lakh. Auditors cited material uncertainty regarding the company's status as a going concern. The Board approved the results on May 27, 2026.
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Winny Immigration & Education Services reported a widened net loss of ₹632.71 lakh for the financial year ended March 31, 2026, compared to a loss of ₹463.13 lakh in the previous year. Revenue from operations fell sharply to ₹224.95 lakh from ₹818.63 lakh in FY25, reflecting continued operational challenges. The statutory auditors have flagged a material uncertainty regarding the company's ability to continue as a going concern, dependent on strategic initiatives and market conditions.
The Board of Directors approved the audited standalone financial results for the year and half-year ended March 31, 2026, at a meeting held on May 27, 2026. B N P S and Associates LLP, the statutory auditors, issued an unmodified opinion on the annual results but drew attention to the losses incurred. The auditors also emphasized the non-recognition of deferred tax assets on carried forward losses due to the absence of virtual certainty of future taxable profits.
Total income for FY26 stood at ₹251.22 lakh, a steep decline from ₹847.94 lakh in the previous year. Total expenses for the year were reported at ₹735.13 lakh, lower than the ₹1,467.62 lakh recorded in FY25. The company’s basic and diluted earnings per share for FY26 were recorded at a loss of ₹29.16, compared to a loss of ₹22.97 in the prior year.
Financial Performance
The company’s financial statements for the year ended March 31, 2026, reflect the following key figures:
| Particulars | Year Ended Mar 31, 2026 (₹ Lakhs) | Year Ended Mar 31, 2025 (₹ Lakhs) |
|---|---|---|
| Revenue from operations | 224.95 | 818.63 |
| Total Income | 251.22 | 847.94 |
| Total Expenses | 735.13 | 1,467.62 |
| Profit/Loss for the year | (632.71) | (463.13) |
IPO Fund Utilization
The company provided a certificate confirming that proceeds raised through its Initial Public Offering (IPO) dated June 25, 2024, were utilized for approved purposes. Following shareholder approval in November 2025, the objects of the issue were modified to include licensing an AI-enabled CRM system and obtaining an Overseas Recruitment Agent license. As of March 31, 2026, ₹558.21 lakh had been utilized out of the total revised amount of ₹912.80 lakh, leaving ₹354.59 lakh unutilized.
In a separate regulatory filing, the company announced the re-appointment of Siddharth N. Shah & Associates as internal auditors for the financial year 2026-27, based on the recommendation of the Audit Committee.
Historical Stock Returns for Winny Immigration & Education Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -9.63% | -20.19% | -44.78% | -76.38% | -85.10% |
What specific strategic initiatives is management pursuing to address the auditors' concerns regarding the company's status as a going concern?
How does the company plan to leverage the new AI-enabled CRM system to reverse the sharp decline in revenue from operations?
What is the timeline for deploying the remaining ₹354.59 lakh in unutilized IPO funds, and will the allocation strategy change given current financial losses?
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