News Earnings Virat Leasing Limited Reports Q3FY26 Net Loss of ₹103.75 Lakhs Due to Fair Value AdjustmentsVirat Leasing Limited Reports Q3FY26 Net Loss of ₹103.75 Lakhs Due to Fair Value Adjustments
Virat Leasing Limited reported a substantial net loss of ₹103.75 lakhs for Q3FY26 compared to ₹6.89 lakhs loss in Q3FY25, primarily due to fair value losses of ₹120.30 lakhs. Revenue from operations declined marginally to ₹20.37 lakhs from ₹20.75 lakhs year-over-year. For the nine-month period, the company posted a net loss of ₹83.52 lakhs against ₹41.91 lakhs loss in the previous year. The Board approved these results on February 13, 2026.
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Virat Leasing Limited announced its unaudited financial results for the third quarter ended December 31, 2025, revealing a substantial increase in net losses primarily driven by fair value adjustments. The company's Board of Directors approved these results during their meeting held on February 13, 2026.
Financial Performance Overview
The company reported a net loss of ₹103.75 lakhs for Q3FY26, representing a significant deterioration from the ₹6.89 lakhs loss recorded in the corresponding quarter of the previous fiscal year. This marked increase in losses was primarily attributed to substantial fair value adjustments during the quarter.
| Financial Metric: | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Total Revenue from Operations: | ₹20.37 lakhs | ₹20.75 lakhs | -1.83% |
| Net Loss: | ₹103.75 lakhs | ₹6.89 lakhs | -1,405.66% |
| Basic EPS: | -₹0.80 | -₹0.05 | -1,500% |
| Total Expenses: | ₹128.83 lakhs | ₹28.17 lakhs | +357.25% |
Revenue Analysis
The company's revenue structure remained relatively stable with interest income forming the primary component. Interest income for Q3FY26 stood at ₹21.29 lakhs, marginally declining from ₹21.66 lakhs in Q3FY25. However, other operating income showed volatility, recording a negative ₹0.92 lakhs compared to negative ₹0.91 lakhs in the previous year's corresponding quarter.
Major Expense Components
The most significant factor impacting the company's performance was the net loss on fair value changes, which surged to ₹120.30 lakhs in Q3FY26 from ₹18.75 lakhs in Q3FY25. This represented the largest expense component and the primary driver of the increased losses.
| Expense Category: | Q3FY26 | Q3FY25 |
|---|---|---|
| Net Loss on Fair Value Change: | ₹120.30 lakhs | ₹18.75 lakhs |
| Employee Benefits Expense: | ₹6.06 lakhs | ₹4.46 lakhs |
| Finance Cost: | ₹1.06 lakhs | ₹1.06 lakhs |
| Other Expenses: | ₹0.83 lakhs | ₹1.28 lakhs |
Nine-Month Performance
For the nine-month period ended December 31, 2025, Virat Leasing Limited reported a net loss of ₹83.52 lakhs compared to ₹41.91 lakhs loss in the corresponding period of FY25. Total revenue from operations for the nine-month period increased to ₹73.72 lakhs from ₹71.50 lakhs, showing a marginal improvement of 3.11%.
Tax Position and Comprehensive Income
The company recorded a tax credit of ₹4.71 lakhs for Q3FY26, compared to a tax credit of ₹0.21 lakhs in Q3FY25. Total comprehensive income for the quarter remained at negative ₹103.75 lakhs, as there were no other comprehensive income items recorded during the period.
Capital Structure
The company maintained its paid-up equity share capital at ₹1,298.05 lakhs with a face value of ₹10 per share. Other equity stood at ₹329.12 lakhs for the nine-month period ended December 31, 2025, compared to ₹258.94 lakhs in the corresponding period of the previous year.
Historical Stock Returns for Virat Leasing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -6.96% | -47.20% | -36.62% | -48.14% | +124.29% |
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