GVP Infotech Approves Quarter-End Results; Notes Reveal Forfeiture of Vendor Deposits
GVP Infotech Limited announced that its Board of Directors approved the standalone unaudited financial results for the quarter ending June 30, 2026. The company's operational performance and key accounting movements were detailed in the results.A significant note within the results pertains to the forfeiture of deposits received from vendors. During the quarter ending June 30, 2026, GVP Infotech recorded an income corresponding to the forfeiture of deposits amounting to Rs 4,94,99,990. These funds represented security or indemnity held by the company against potential claims and litigations involving various vendors/merchants. Since the company had no further obligation to refund these amounts, the right to retain the deposits crystallized during the quarter, and the amount was recognized as income under "Other Income" in the Statement of Profit and Loss.
The company operates solely within the payment processing business and related allied services, resulting in only one reportable segment as per IND AS 108 - Operating Segments. The Board meeting where these results were approved commenced at 4:00 P.M. and concluded at 4:35 P.M.
The company's financial performance data for the relevant periods is presented below (amounts are in Lakhs):
| Particular | Quarter Ended 30-Jun-2026 | Quarter Ended 31-Mar-2026 | Quarter Ended 30-Jun-2025 |
|---|---|---|---|
| Revenue from operations | 333 | 42.83 | 409.82 |
| Other Income | 22.05 | 70.47 | 1.01 |
| Total Income | 355.05 | 113.30 | 410.83 |
| Cost of material consumed | - | - | B |
| Purchase of stock-in-trade | 6.29 | 43.93 | B |
| Changes in inventories | . | 75 | 549 |
| Employee benefits expense | 53.52 | 42.25 | 47.67 |
| Finance cost | 19.62 | 73.80 | 0.30 |
| Depreciation and Amortisation Expenses | 48.61 | 143.87 | 472 |
| Other expenses | 58.16 | 171 | 12314 |
| Total Expenses | 186.20 | 306.31 | 19,992.10 |
| Profit/ (Loss) before tax | 334.18 | (193.02) | 210.88 |
| Tax adjustment of earlier years | 5 | 9.24 | - |
| Deferred Tax Assets (Liability) | 3,232 | (0.87) | 15.07 |
| Net Profit/ (Loss) for the period | 366.50 | (202.25) | 210.01 |
The company reported Total Comprehensive Income for the period at 366.50 Lakhs, showing a Basic Earnings Per Share of 0.21 per share. Paid up capital stands at 3,468.95 Lakhs.
GVPTECH Stock Price Movement
GVP Infotech Limited shares shed 0.14% in trade today, closing at ₹7.07 following the market close. The stock saw a volume of 36,140 shares during trading hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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