Visagar Financial Services Limited , a Mumbai-based financial services company, has reported a significant decline in revenue for the first quarter of the fiscal year 2026, according to the company's latest financial results.

Financial Performance

The company's total income for Q1 FY2026 stood at ₹254.87 lakhs, marking a substantial 78% decrease from ₹1160.17 lakhs reported in the same quarter of the previous fiscal year. Despite the sharp decline in revenue, Visagar Financial Services managed to narrow its net loss for the quarter.

Key Financial Metrics

The net loss for Q1 FY2026 was reported at ₹105.14 lakhs, compared to a loss of ₹234.35 lakhs in the corresponding quarter of the previous year, representing an improvement of about 55%.

Earnings Per Share

The company's earnings per share (EPS) showed an improvement, moving from ₹(0.04) in Q1 FY2025 to ₹(0.02) in the current quarter. This change in EPS reflects the reduced net loss despite the significant drop in revenue.

Board Approval and Disclosure

The Board of Directors of Visagar Financial Services Limited approved these unaudited financial results on August 14, 2025. In compliance with regulatory requirements, the company has published the extract of these results in both English and Marathi newspapers on August 15, 2025.

Equity Share Capital

The company's equity share capital remains unchanged at ₹5839.16 lakhs, as reported in both the current and previous financial periods.

While Visagar Financial Services has managed to reduce its losses compared to the previous year, the substantial decline in revenue presents significant challenges for the company. The coming quarters will be crucial as stakeholders watch how the company addresses this revenue shortfall and works towards improving its financial performance.

Visagar Financial Services Limited (VFSL) has reported a net loss of Rs 105.14 lakhs for the first quarter ended June 30, 2025, according to the company's unaudited financial results approved by its Board of Directors. This loss represents a significant improvement compared to the Rs 257.97 lakhs loss reported in the same quarter of the previous year.

Financial Performance

The company's total income for Q1 FY2026 decreased to Rs 254.87 lakhs from Rs 3,057.49 lakhs year-over-year. The breakdown of income shows:

• Interest Income: Rs 33.18 lakhs
• Investment Income: Rs 221.69 lakhs

Total expenditure for the quarter fell to Rs 360.01 lakhs from Rs 3,315.46 lakhs in the corresponding quarter last year. Key expense items include:

The company's basic and diluted earnings per share (EPS) stood at negative Rs 0.02 for the quarter.

Management Changes

In a significant board-level change, VFSL announced the appointment of Mr. Vikasjeet Singh as an Additional Director (Non-Executive, Non-Independent) effective August 14, 2025. Mr. Singh, a graduate from Punjab University, brings over two years of experience in VFX Compositing to the board.

Simultaneously, the company disclosed the resignation of Mr. Pushpraj Gupta from his position as Company Secretary, effective from the closing hours of August 14, 2025.

Corporate Governance Update

The Board of Directors also adopted and approved the company's 'Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons' and 'Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information'. These measures aim to enhance corporate governance practices within the organization.

Visagar Financial Services Limited continues to navigate challenging market conditions, as evidenced by the reduced loss compared to the previous year. The appointment of a new director and the implementation of updated governance codes signal the company's efforts to strengthen its management and compliance framework.