Victory Electric Vehicles' Financial Results Show Revenue Trends and Cash Flow Dynamics for FY2026

Victory Electric Vehicles' Financial Results Show Revenue Trends and Cash Flow Dynamics for FY2026​

The financial results for Victory Electric Vehicles International Limited have been released, reflecting key operational performance metrics across revenue, profitability, assets, and cash flow for the year ended March 31, 2026. The company reported a Net Profit from continuing operations of 52.52 Lakhs, while the Balance Sheet indicated total assets matching total liabilities at the end of the period.

Financial Performance Snapshot (FY2026)​

For the financial year ending March 31, 2026, Victory Electric Vehicles reported a Total Income of 1,545.51 Lakhs. Revenue from operations stood at 1,527.18 Lakhs, supported by Other Income amounting to 18.33 Lakhs.

Total expenses for the year were recorded at 1,470.60 Lakhs. These expenses included costs of materials consumed (1,076.52 Lakhs), employee benefit expense (63.71 Lakhs), and administrative and other expenses (144.26 Lakhs).

The company posted a Profit before tax of 74.92 Lakhs, resulting in a Net Profit from continuing operations of 52.52 Lakhs after accounting for taxes. The Earnings per equity share (Basic/Diluted) was reported at 0.27 for the period.

Balance Sheet Health and Composition​

As of March 31, 2026, the company’s total assets matched its outstanding dues, amounting to 5,457.59 Lakhs. The balance sheet highlights the current state of equity and liabilities:


The company’s assets include Non-current assets totaling 48.35 Lakhs and Current assets valued at 5,213.01 Lakhs, including Inventories at 955.75 Lakhs and Trade receivables at 1,772.28 Lakhs. The company concluded the period with Cash and cash equivalents amounting to 1,030.47 Lakhs.

Cash Flow Analysis​

Analyzing the cash flows reveals a significant inflow from financing activities (2,251.16 Lakhs) contrasting sharply with a negative net cash generation from operating activities, which stood at (1,362.22) Lakhs for the period. Net cash used in investing activities was 55.94 Lakhs, leading to an overall increase of 944.88 Lakhs in cash and cash equivalents during the year.

Related Party Transactions Report​

The company's dealings with related parties were documented, including KMP (Key Managerial Personnel) and affiliated entities. Noteworthy transactions include:

• Remuneration: Mr. Sanjay Kumar Popli received 13.20 Lakhs in remuneration for the period ending March 31, 2026.
• Trade Transactions: The company recorded a sale of goods worth 468.32 Lakhs to Active Power Electric Co., and made a purchase of goods totaling 403.93 Lakhs from Future Star Energy Solutions Private Limited.
• Loan Activity: A loan was given to VICTORY DISHA DARSHAN PVT LTD (Former Name OK Green Mobility Private Limited) amounting to 217.95 Lakhs.

Detailed figures for all related party transactions, including remuneration and trading activity amounts in lakhs, are available for stakeholders review.

VICTORYEV Stock Price Movement​

Shares of Victory Electric Vehicles International Limited slipped 0.90% on Wednesday, settling at ₹16.45 as trading closed. The stock traded within a session range of ₹15.8 to ₹17.25, with 66,000 shares recorded during the period.