Virgo Global Limited, an IT sector company, reported unaudited Q1 financial results showing a net loss of Rs 18.64 lakh, down from Rs 23.15 lakh year-over-year. The company had no revenue from operations but incurred total expenses of Rs 18.64 lakh. EPS improved to -Rs 0.18 from -Rs 0.22. Major expenses included Rs 458.50 lakh for materials consumed and Rs 14.49 lakh for employee benefits. The company's balance sheet shows a paid-up equity share capital of Rs 420.17 lakh and a reserves deficit of Rs 363.31 lakh.