Vipul511726Quarterly results
Board approves Q1 results, fixes 35th AGM for November 12, 2026; auditor's review qualified
Board approved the unaudited standalone & consolidated results for the quarter ended June 30, 2026 at its meeting held on October 15, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 772.34 | 169.32 | +356% | 4,075.42 | −81% |
| Total income | 2,784.56 | 1,350.55 | +106% | 5,091.73 | −45.3% |
| Profit before tax | (77.03) | (142.18) | +45.8% | (1,410.60) | +94.5% |
| Profit after tax | (77.03) | (142.18) | +45.8% | (1,545.02) | +95% |
| Total comprehensive income | (77.03) | (142.18) | +45.8% | (1,475.07) | +94.8% |
| Basic EPS | (0.05) | 0.10 | — | (1.10) | +95.5% |
- Total income YoY change
- +106%
- Period
- 30.06.2026
Also decided at the meeting
- Convened the 35th AGM on Thursday, November 12, 2026 at 12:00 Noon through VC/OAVM.
- Fixed Thursday, November 5, 2026 as the cut-off date for e-voting eligibility at the AGM.
- Register of Members and Share Transfer Books to remain closed from November 5, 2026 to November 12, 2026 (both days inclusive) for the AGM.
- Fixed e-voting period from Saturday, November 7, 2026 9:00 A.M. to Wednesday, November 11, 2026 5:00 P.M.
- Appointed M/s AVA Associates through Partner Mr. Amitabh, Practicing Company Secretary, as scrutinizer for e-voting at the AGM.
Auditor's review
Conclusion: Qualified
- Qualified: Scheme of amalgamation (appointed date 1 April 2022) JDA revenue and project costs for Lavanya Project recognised in FY 2025-26 instead of from appointed date; comparatives not restated.
- Qualified: loans and advances (some under litigation, on-hold projects, entities in liquidation/struck off) not impaired; profit may be overstated.
- Qualified: certain trade receivables unconfirmed; Note 8 interest not provided on customer advances. Disclaimer: interest on certain ICDs/advances not provided, effect not ascertainable.
- Emphasis of matter: Bank Guarantee of ₹3,91,14,400/- to OSHB; arbitral award entitled Company to encash it with interest; income recognised (Note 6); no MSME dues (Note 7).
Notes to the results
- NCLT New Delhi order dated 17th April, 2026 approved amalgamation of five wholly owned subsidiaries with Vipul Ltd w.e.f. April 1, 2022; accounted under pooling of interest method.
- Standalone comparative figures restated for the amalgamation; amalgamation has no impact on the Consolidated Financial Results.
Board meeting outcome
- The Board met on Thursday, October 15, 2026 and approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, along with the auditor's limited review report.
- The meeting commenced at 12:30 P.M. and concluded at 4:30 P.M.
Annual General Meeting and voting
- 35th AGM on Thursday, November 12, 2026 at 12:00 Noon through video conferencing or other audio-visual means; the deemed venue is the Registered Office at LGF, B-57, South Extension, Part-II, New Delhi-110049.
- Cut-off date for determining eligibility to vote by remote e-voting or e-voting at the AGM: Thursday, November 5, 2026.
- Remote e-voting window: Saturday, November 7, 2026 from 9:00 A.M. to Wednesday, November 11, 2026 up to 5:00 P.M., using NSDL's remote e-voting system, plus e-voting facility at the AGM.
- Scrutinizer: M/s AVA Associates through its Partner Mr. Amitabh, Membership No. A14190, COP No. 5500.
- Register of Members and Transfer Books closed from Thursday, November 5, 2026 to Thursday, November 12, 2026, both days inclusive.
Auditor's review conclusion
- The auditor's conclusion on both the standalone and the consolidated results is qualified, and there is also a basis for disclaimer of conclusion.
- Disclaimer matter: the company has not provided interest expense on certain ICDs and advances received from customers, as negotiations for settlement of the same are under progress. The auditor states the agreements governing these balances are not available, so the applicable interest rate and the related interest expense could not be determined, and a potential overstatement or understatement cannot be ascertained.
- Qualified conclusion matters include the accounting treatment of the Scheme of Arrangement for amalgamation of five wholly owned subsidiaries (NCLT order dated 17 April 2026, appointed date 1 April 2022), where revenue and project costs arising from the JDA for the Lavanya Project were given effect in the year ended 31 March 2026 instead of from the appointed date; loans and advances the auditor states should have been impaired; trade receivables not confirmed as they are under reconciliation; and non-provision of interest on advances received from certain customers.
- Emphasis of matters: a bank guarantee of ₹3,91,14,400 furnished in favour of the Orissa State Housing Board; an arbitral award dated 9 February 2026 (amended 31.03.2026) in Arbitration Case No. 01(P) of 2024 which rejected OSHB's claims and held the company entitled to encash the guarantee with interest; and the statement that there are no dues to Micro, Small or Medium Enterprises under the MSMED Act, 2006 at the quarter end.
- The conclusion is not modified in respect of the emphasis of matters.
Standalone results for the quarter ended June 30, 2026 (Rs. in lakhs)
- Revenue from operations: 772.34
- Other income: 2,011.82
- Total income: 2,784.16
- Total expenses: 2,861.28
- Profit/(Loss) for the period: (77.12)
- Basic and diluted EPS: (0.05)
For the quarter ended June 30, 2025 (standalone), revenue from operations was 169.32, total income 1,349.40 and profit/(loss) for the period (103.68).
Consolidated results, other matters
- The consolidated unaudited financial results include the interim financial results of six subsidiaries which have not been reviewed by their respective auditors. These reflect total revenue of Rs. 0.39 lakhs, total net profit/(loss) after tax of Rs. (0.20) lakhs and total comprehensive income/(loss) of Rs. (0.20) lakhs for the quarter ended June 30, 2026.
- They also include the Group's share of net profit after tax of Rs. 0.29 lakhs and total comprehensive income of Rs. 0.29 lakhs for four associates, based on interim financial results not reviewed by their respective auditors.
- According to the information and explanations given by the Management, these interim financial results are not material to the Group.
2,784.16 (Rs. In Lakhs)×2.06
20251,349.40 (Rs. In Lakhs)20262,784.16 (Rs. In Lakhs)
Also from Vipul
Board meeting on October 15, 2026 to consider unaudited results for quarter ended June 30, 2026
12 Oct 2026
Consolidated results for the FOR THE QUARTER ENDED 31.03.2026
29 Sep 2026
Board Meeting on September 29, 2026 for Audited FY26 Results and Dividend Consideration
24 Sep 2026
More numbers
- Bank guarantee furnished in favour of Orissa State Housing Board₹3,91,14,400/-
- Standalone Revenue from operations, quarter ended 30.06.2026772.34 (Rs. In Lakhs)
- Standalone Total income, quarter ended 30.06.20262,784.16 (Rs. In Lakhs)
- Standalone Total expenses, quarter ended 30.06.20262,861.28 (Rs. In Lakhs)
- Standalone Profit/(Loss) for the period, quarter ended 30.06.2026(77.12) (Rs. In Lakhs)
- Standalone Total income, quarter ended 30.06.20251,349.40 (Rs. In Lakhs)
- Six subsidiaries (not reviewed) total revenue for the quarterRs. 0.39 lakhs
- Group's share of net profit after tax, four associates (not reviewed)Rs. 0.29 lakhs
- Total income, latest quarter2,784.56 (Rs. in Lakhs)
- Total income, year-ago quarter1,350.55 (Rs. in Lakhs)
- Total income, previous quarter5,091.73 (Rs. in Lakhs)
- Total comprehensive income, latest quarter(77.03) (Rs. in Lakhs)
- Total comprehensive income, year-ago quarter(142.18) (Rs. in Lakhs)
- Total comprehensive income, previous quarter(1,475.07) (Rs. in Lakhs)
- Profit after tax, latest quarter(77.03) (Rs. in Lakhs)
- Profit after tax, year-ago quarter(142.18) (Rs. in Lakhs)
- Profit after tax, previous quarter(1,545.02) (Rs. in Lakhs)
- Revenue from operations, latest quarter772.34 (Rs. in Lakhs)
- Revenue from operations, year-ago quarter169.32 (Rs. in Lakhs)
- Revenue from operations, previous quarter4,075.42 (Rs. in Lakhs)
- Profit before tax, latest quarter(77.03) (Rs. in Lakhs)
- Profit before tax, year-ago quarter(142.18) (Rs. in Lakhs)
- Profit before tax, previous quarter(1,410.60) (Rs. in Lakhs)
Source: BSE · 15 Oct 2026
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