V.I.P. Industries
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V.I.P. Industries (507880) investor relations material

V.I.P. Industries Q4 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 25/26 earnings summary20 May, 2026

Executive summary

  • Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 were approved, with statutory auditors issuing unmodified opinions on both sets of results.

  • The company reported significant net losses for the year, both on a standalone and consolidated basis, with negative EPS and comprehensive losses.

  • Board recommended the appointment of Deloitte Haskins & Sells as statutory auditors for a five-year term, replacing Price Waterhouse due to regulatory term limits.

Financial highlights

  • Standalone revenue for FY26 was ₹1,879.05 crore, down from ₹2,184.50 crore in FY25; consolidated revenue was ₹1,880.49 crore, down from ₹2,189.35 crore year-over-year.

  • Standalone net loss for FY26 was ₹342.88 crore (EPS: -₹24.14), compared to a net loss of ₹25.83 crore in FY25; consolidated net loss was ₹338.01 crore (EPS: -₹23.79), compared to a net loss of ₹68.79 crore in FY25.

  • Total comprehensive loss for FY26 was ₹344.75 crore standalone and ₹330.46 crore consolidated.

  • Significant provisions for inventory: ₹93.74 crore standalone and ₹122.66 crore consolidated for FY26.

  • Cash flow from operations was positive at ₹97.08 crore standalone and ₹180.95 crore consolidated, but net cash decreased due to investing and financing outflows.

Outlook and guidance

  • Deferred tax asset recognition was restricted due to changes in shareholding and management, and business plan reviews.

  • The company continues to monitor the impact of new labour codes and GST investigations, with no material adverse effects expected.

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Q1 26/276 Aug, 2026
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