VSF Projects Reports Q3FY26 Net Loss of ₹20.86 Lakh Against Prior Year Profit
VSF Projects Limited announced Q3FY26 results showing a net loss of ₹20.86 lakh compared to a profit of ₹17.43 lakh in the previous year quarter. The company's total income declined to ₹11.87 lakh from other income sources while expenses increased significantly to ₹36.39 lakh, resulting in negative earnings per share of ₹0.13.

*this image is generated using AI for illustrative purposes only.
VSF Projects Limited has announced its unaudited financial results for the quarter ended December 31, 2025, reporting a net loss of ₹20.86 lakh compared to a profit of ₹17.43 lakh in the corresponding quarter of the previous year. The board meeting was held on February 12, 2026, at the company's corporate office in Hyderabad to approve these results under Regulation 33 of SEBI regulations.
Financial Performance Overview
The company's financial performance showed significant deterioration during the third quarter of FY26. Total income declined substantially to ₹11.87 lakh, derived entirely from other income, as the company reported no operational revenue during the quarter.
| Financial Metric: | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Total Income: | ₹11.87 lakh | ₹21.36 lakh | -44.46% |
| Net Loss/Profit: | (₹20.86 lakh) | ₹17.43 lakh | Loss |
| Total Expenses: | ₹36.39 lakh | ₹4.91 lakh | +641.14% |
| EPS (Basic): | (₹0.13) | ₹0.15 | Negative |
Expense Analysis
The company's expenses increased dramatically during Q3FY26, rising to ₹36.39 lakh from ₹4.91 lakh in the previous year. The major expense components included finance costs of ₹11.78 lakh, other expenses of ₹15.39 lakh, and depreciation of ₹9.03 lakh.
Nine-Month Performance
For the nine months ended December 31, 2025, VSF Projects reported a net loss of ₹25.02 lakh compared to a loss of ₹31.98 lakh in the corresponding period of the previous year, showing some improvement in the cumulative performance.
| Nine-Month Metric: | FY26 (9M) | FY25 (9M) | Change |
|---|---|---|---|
| Total Income: | ₹52.72 lakh | ₹21.61 lakh | +143.96% |
| Net Loss: | (₹25.02 lakh) | (₹31.98 lakh) | Improved |
| Total Expenses: | ₹81.07 lakh | ₹54.26 lakh | +49.37% |
Regulatory Compliance
The financial results were reviewed by the audit committee and approved by the board of directors. The company's statutory auditors, V D P & Co. Chartered Accountants, conducted a limited review of the unaudited financial results and provided an unmodified review conclusion. The results comply with Indian Accounting Standards and SEBI listing regulations.
The company maintains a paid-up equity share capital of ₹1,639.63 lakh with a face value of ₹10 per share. The meeting was conducted from 3:30 PM to 4:00 PM and was signed off by Managing Director B. N. Murthy.
Historical Stock Returns for VSF Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.01% | -14.40% | -18.76% | -33.30% | -32.20% | +359.19% |




























