VSF Projects Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company’s Board of Directors approved these results in a meeting held on November 14, 2026. The results include the un-audited financial statements and a limited review report, providing insights into the company’s financial performance during the specified periods. These results are in compliance with SEBI regulations.
VSF Projects Limited Announces Unaudited Financial Results
VSF Projects Limited has officially released its unaudited financial results for the quarter and half-year periods concluding on September 30, 2026. The company’s Board of Directors convened on Saturday, November 14, 2026, at the corporate office to consider and approve these financial statements.
Key Financial Disclosures
The approved documents include:
- The Un-Audited Financial Results for the Quarter and half year ended 30.09.2026.
- The Limited Review Report for the aforementioned unaudited financial results.
The meeting of the Board of Directors commenced at 4:00 P.M. and concluded at 5:00 P.M. on the same day. The company has provided these results for the perusal and records of the concerned authorities.
Detailed Financial Performance (Unaudited)
The detailed financial statements reveal the company’s performance metrics. For the half-year ended September 30, 2026, the total income stood at ₹20.84 Lakhs. The total expenses for the same period amounted to ₹56.58 Lakhs, leading to a Profit/(Loss) before exceptional items and tax of (₹35.74 Lakhs). After accounting for tax expenses, the Profit/(Loss) for the period stood at (₹36.15 Lakhs).
Comparing with the previous year’s comparable periods, the total income for the half-year ended September 30, 2025 was ₹40.85 Lakhs, with total expenses of ₹44.68 Lakhs, resulting in a Profit/(Loss) before exceptional items and tax of (₹3.83 Lakhs). The Profit/(Loss) for that period after tax was (₹4.15 Lakhs).
For the quarter ended September 30, 2026, the total income was ₹9.82 Lakhs and total expenses were ₹23.76 Lakhs, with a resultant Profit/(Loss) before exceptional items and tax of (₹13.04 Lakhs). The net Profit/(Loss) for the quarter after tax was (₹6.49 Lakhs).
In contrast, for the quarter ended September 30, 2025, the total income was ₹21.78 Lakhs and total expenses were ₹23.76 Lakhs, leading to a Profit/(Loss) before exceptional items and tax of (₹1.98 Lakhs). The net Profit/(Loss) for that quarter after tax was (₹0.32 Lakhs).
Statement of Assets and Liabilities
As of September 30, 2026, VSF Projects Limited reported total assets of ₹19,561.27 Lakhs. The equity stood at ₹9,796.85 Lakhs, comprising Equity Share Capital of ₹1,639.63 Lakhs and Other Equity of ₹8,157.22 Lakhs. Total liabilities were reported at ₹9,764.42 Lakhs.
This is compared to the position as at March 31, 2026, where total assets were ₹19,137.75 Lakhs, with equity at ₹9,833.00 Lakhs (Equity Share Capital: ₹1,639.63 Lakhs; Other Equity: ₹8,193.37 Lakhs). Total liabilities as of March 31, 2026, were ₹9,304.75 Lakhs.
Cash Flow Statement
The cash flow statement for the period ended September 30, 2026, indicates a net cash generated from operating activities of ₹438.42 Lakhs. Cash flows from investing activities resulted in a net outflow of (₹535.36 Lakhs), primarily due to outflows related to Work-In-Progress (WIP). Net cash used in financing activities was (₹2.43 Lakhs).
The net increase in cash and cash equivalents for the period was (₹99.38 Lakhs). The company began the period with cash and cash equivalents of ₹100.04 Lakhs, ending with ₹0.66 Lakhs.
Auditor’s Review Report
VDP & Co., Chartered Accountants, have provided their Independent Auditor’s Review Report on the Standalone Quarterly and Year to Date Unaudited Financial Results. They have reviewed the accompanying statement for the quarter ended and year-to-date results for the period from April 1, 2026, to September 30, 2026. Based on their review, conducted in accordance with the Standard on Review Engagements, the auditors have concluded that nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement and that it is prepared in accordance with applicable Indian Accounting Standards and other recognized accounting principles.
Source: BSE
