VSF Projects Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a net loss of ₹29.66 lakh for the quarter and a consolidated net loss of ₹36.15 lakh for the half-year period. These results were approved by the Board of Directors on November 14, 2026.
VSF Projects Limited Announces Q2 FY27 Financial Results
VSF Projects Limited has officially disclosed its unaudited financial results for the second quarter and the half-year ended September 30, 2026. The announcement follows a meeting of the Board of Directors held on November 14, 2026, where the financial statements were considered and approved.
Quarterly and Half-Yearly Performance
For the quarter ended September 30, 2026, VSF Projects Limited reported a net loss of ₹29.66 lakh. This compares to a net loss of ₹6.49 lakh in the same period of the previous year. The total comprehensive income for the quarter, net of tax, also stood at a loss of ₹29.66 lakh.
During the half-year period ended September 30, 2026, the company’s net loss amounted to ₹36.15 lakh. This is a widening of the loss from ₹4.15 lakh reported in the corresponding period of the previous year. The total comprehensive income/(loss) net of tax for the half-year period was ₹36.15 lakh.
Statement of Profit and Loss Highlights
The financial statements reveal significant figures across various lines. For the half-year ended September 30, 2026, Total Income stood at ₹21.78 lakh, while Total Expenses amounted to ₹56.58 lakh. This resulted in a Profit/(loss) before exceptional items and tax of ₹35.74 lakh, and a Profit/(loss) before Tax of ₹35.74 lakh.
Key expenses contributing to the performance include Employee benefits expenses (₹2.50 lakh), Finance cost (₹2.43 lakh), Depreciation and amortisation expenses (₹15.00 lakh), and Other expenses (₹36.65 lakh) for the half-year ended September 30, 2026. Tax expense for the period was ₹0.41 lakh.
Statement of Assets and Liabilities
As of September 30, 2026, the company’s total assets stood at ₹19,561.27 lakh. Non-current assets were dominated by Investment Property at ₹12,168.65 lakh and Property, plant and Equipment at ₹6,542.28 lakh. Current assets totaled ₹1,059.84 lakh, with Other current assets at ₹202.59 lakh and Trade receivables at ₹0.66 lakh.
Total Equity and Liabilities stood at ₹19,561.27 lakh. Equity Share Capital was ₹1,639.63 lakh, and Other Equity was ₹8,157.22 lakh. Non-current liabilities included Borrowings of ₹8,736.76 lakh, while current liabilities amounted to ₹1,227.94 lakh, with Trade payables at ₹928.82 lakh.
Cash Flow Statement Insights
The cash flow statement for the period ended September 30, 2026, shows a net cash generated from operating activities of ₹438.42 lakh. However, cash flows from investing activities resulted in a net outflow of ₹535.36 lakh, primarily due to outflow of Work-in-progress (WIP). Cash flows from financing activities, after finance costs, showed a net cash used of ₹2.43 lakh.
The net increase in cash and cash equivalents for the period was (₹99.38 lakh), bringing the closing balance of cash and cash equivalents to ₹0.66 lakh.
Source: BSE
