Vaxfab Enterprises Limited has announced its unaudited financial results for the quarter and half-year ended 30th September, 2026. The company reported a profit of ₹136.84 lakh for the quarter from continuing operations. The Limited Review Report from the statutory auditor highlights a qualification due to unavailability of certain prior period documents and records, impacting the completeness and accuracy of the financial statements.
Financial Highlights for Q2 2026
Vaxfab Enterprises Limited released its unaudited standalone financial results for the quarter and half-year ended 30th September, 2026. For the quarter ended 30th September 2026, the company reported a profit of ₹136.84 lakh from continuing operations. This compares to a loss of ₹584.09 lakh in the previous quarter and a loss of ₹224.99 lakh in the same quarter of the previous year.
Half-Year Performance
For the half-year ended 30th September, 2026, Vaxfab Enterprises Limited posted a consolidated profit of ₹113.47 lakh from continuing operations. The consolidated financial statements also indicate a total comprehensive income of ₹114.86 lakh for the same period. The standalone half-year profit from continuing operations was ₹447.25 lakh.
Balance Sheet Overview
As of 30th September, 2026, the total assets of the company stood at ₹19,951.44 lakh on a standalone basis, an increase from ₹17,260.97 lakh as of 31st March 2026. Equity share capital was ₹2,608.64 lakh, with other equity at ₹2,669.76 lakh. The consolidated balance sheet shows total assets of ₹28,034.39 lakh as of 30th September 2026.
Cash Flow Statement Insights
The standalone statement of cash flows for the half-year ended 30th September, 2026, shows a net cash inflow from operating activities of ₹194.16 lakh. Investing activities resulted in a net cash outflow of ₹2,620.05 lakh, primarily due to purchases of investments. Financing activities generated a net cash inflow of ₹2,419.24 lakh.
Auditor’s Limited Review Report
Chandabhoy & Jassoobhoy, Chartered Accountants, issued a Limited Review Report on the unaudited standalone financial results. The report includes a qualification stating that certain records relating to prior periods were not adequately maintained by the previous management. This unavailability of documents, including those for trade receivables, trade payables, and unsecured loans, prevented full verification of completeness, accuracy, and recoverability of these balances. Consequently, the auditor’s conclusion on the standalone financial statements is qualified.
Consolidated Financials
The unaudited consolidated financial results for the quarter ended 30th September 2026 show revenue from operations of ₹5104.42 lakh. The consolidated profit for the quarter from continuing operations was ₹113.47 lakh. The auditor’s limited review report on the consolidated results also carries a qualification similar to the standalone report, citing issues with prior period records and unavailability of confirmations from certain debtors, creditors, and lenders.
Fund Utilization Certificate
Separately, Chandabhoy & Jassoobhoy, Chartered Accountants, provided a certificate regarding the projected fund utilization for the preferential issue of Fully Convertible Warrants. Funds are allocated for loan repayment (₹560.64 lakh), working capital funding to a subsidiary (₹834.00 lakh), investment in a subsidiary (₹2100.00 lakh), and general corporate purposes (₹873.00 lakh). As of the reporting date, ₹91.16 lakh had been utilized for loan repayment, with the balance of loans pending.
Source: BSE
