VIVellora Impact531257Quarterly results

Board approves unaudited Q2 results; auditor's limited review report is qualified

Board approved unaudited standalone results for the quarter ended 30 September 2026.

By ScoutQuest · Wed 4 Nov 2026, 5:57 PM IST · 2 min read

Profit after tax YoY growth

+1.8%

Period

30.09.2026

The board of Vellora Impact Ltd met on 4 November 2026 from 5:00 p.m. to 5:30 p.m. and approved the unaudited standalone financial results for the quarter ended 30 September 2026. The statutory auditor, Kapil Kumar Agarwal & Associates, issued a Limited Review Report that is qualified.

What the auditor qualified

• Basis for qualified opinion: the company accounts for gratuity and leave encashment on a cash basis. The auditor states this is not in accordance with Ind AS 1 (Presentation of Financial Statements) and Ind AS 19 (Employee Benefits) and is contrary to Section 133 of the Companies Act, 2013. The extent of non-compliance in terms of value is stated to be not ascertainable.
• Other matter: during the quarter and half year ended 30 September 2026, the company discontinued its chemicals manufacturing operations (discontinued last year during financial year 2025-26); from 1-1-2026 it changed its business objective to Information Technology and Information Technology Enabled Services (IT & ITES) and trading of agriculture produce. The auditor's opinion is qualified in respect of this matter as well.
• The report also states that the results have been presented solely on the basis of information compiled by management and approved by the board.

Numbers from the results (Rs in lakhs, standalone, unaudited)

• Revenue from operations for the quarter: 14863.64, against 216.51 in the same quarter a year earlier.
• Total income: 14864.47.
• Profit before tax: 886.56; Profit for the period: 671.39.
• Half year: Revenue from operations 29055.74 and Profit for the period 1262.81.
• Basic and diluted earnings per share for the quarter: 12.05; for the half year 22.67.

Where the revenue comes from

The company reports three segments - IT Enabled Services, Agriculture Products, and Chemicals.

• Agriculture Products segment revenue for the quarter: 14433.77 lakhs.
• IT Enabled Services segment revenue: 429.87 lakhs.
• Chemicals segment revenue: 0.00 lakhs for the quarter, consistent with the discontinued manufacturing.

Balance sheet position (as at 30 September 2026, Rs in lakhs)

• Total assets 10923.61, against 183.18 as at 31 March 2026.
• Trade receivables 10331.89, against 9.12 as at 31 March 2026.
• Trade payables 9106.08, against 55.18.
• Total equity 1358.67; cash and cash equivalents 137.63.

Reading the flags

• A "qualified" review report means the auditor has identified specific accounting departures; a limited review gives moderate, not full audit, assurance.
• The quarter's revenue is almost entirely from the agriculture trading segment, so the earnings profile now depends on a trading business rather than the old chemicals manufacturing.
• Receivable and payable balances are large relative to total equity, so collection and payment cycles are central to how the business converts revenue into cash.

Takeaway: the board approved results showing a sharp jump in Revenue from operations (largely from the new agriculture trading segment), alongside a qualified limited review opinion on employee benefit accounting and on the change of business, with chemicals manufacturing discontinued.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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