Vikas Lifecare Reports Quarterly Earnings; Consolidated Results Show Net Profit of ₹1,836.19 Lakhs

Vikas Lifecare Reports Quarterly Earnings; Consolidated Results Show Net Profit of ₹1,836.19 Lakhs​

Vikas Lifecare Limited (formerly known as Vikas Multicorp Limited) has reported its audited consolidated financial results for the quarter ended March 31, 2026. The company registered a net profit for the period of ₹1,836.19 lakh, demonstrating operational profitability amidst several strategic transactions and market events.

The Consolidated Annual Financial Results show a significant increase in Total Income during the quarter compared to the previous year’s equivalent period. Revenue from Operations stood at 49,936.33 lakh for the quarter ended March 31, 2026, compared to 48,002.24 lakh in the corresponding period of the prior fiscal year. Total Income reached 63,510.33 lakh, reflecting both operational revenue and other income streams amounting to 13,574.00 lakh.

Financial performance highlights for the consolidated entity include:

Key Operational and Financial Updates​

The company's operations are segmented into Trading & Manufacturing Division -Agro, Trading & Manufacturing Division -Polymers, Trading & Manufacturing Division -Infrastructure, and Trading Division- Gas Meter. The Agro division contributed 40,684.31 lakh to the revenue from operations in the quarter, while the Polymers segment reported a net profit of 137.47 lakh for the period.

In terms of financial assets, the company's balance sheet shows Total Non-Current Assets at 49,961.36 lakh as of March 31, 2026, compared to 45,629.65 lakh in the previous year. Current Assets totaled 26,049.49 lakh.

Critical Transaction and Litigation Notes​

The financial statements are noted for several material transactions that occurred during the reporting period:

Debenture Settlement: The company completed a settlement agreement with Hallow Securities Private Limited (HSPL) regarding debentures acquired from Lotus Greens Constructions Private Limited, aggregating to ₹52.00 crore. The settlement involved the acknowledgment of the principal amount of ₹52.00 crore and an additional lump-sum compensation agreed at ₹3.00 crore, which is not recognized in the current financial results as the right to receive it arose subsequent to the reporting date.

Investment in EIHL: The company's investment in Ebix International Holdings Limited (EIHL) represents 51% equity shares of the subsidiary of Ebix Inc. This stake was acquired following a settlement deed concluding arbitration proceedings between Vikas Lifecare Limited and Eraaya Lifespaces Limited (ELL). The management is currently coordinating with legal advisors to regularize the compliance requirements related to this cross-border transaction.

Asset Disposal and Impairment:

• The company recognized a loss of ₹7.06 crore from the disposal of its entire investment, which comprised 51.38% equity shareholding in Shashi Beriwal and Co Private Limited, against a carrying amount of ₹11.21 crore.
• A loss of ₹2.56 crore was recognized on the disposal of immovable property located at Arihant Nagar, Delhi, after determining that the sale consideration of ₹3.00 crore was less than the carrying amount of the property.
• The company recognized an impairment loss of Rs. 5.00 crore on a previously paid advance toward the acquisition of Abhhyam Services Private Limited, as the proposed transaction did not reach completion and disputes arose regarding the purported share transfer.

Compliance and Regulatory Matters​

Regarding regulatory compliance, the company's consolidated results reflect ongoing matters:

• The Parent Company has noted that certain investments and loans made during the year are in non-compliance with provisions of Section 186(8) of the Companies Act, 2013, due to outstanding defaults in interest repayment on some borrowings.
• A provisional attachment order was received from the Enforcement Directorate (ED) regarding certain immovable properties valued at approximately ₹1,333.84 lakhs, connected to an ongoing investigation relating to the Mahadev Online Book matter and other associated platforms.

The management continues to pursue legal remedies for all matters of non-compliance or dispute resolution and remains committed to regularizing all applicable requirements.

VIKASLIFE Stock Price Movement​

Today, shares of Vikas Lifecare Limited rose to settle at ₹1.48 after advancing 1.37% in trading. The stock traded within an intraday range defined by a low of ₹1.46 and a high of ₹1.49, with 1,575,228 shares transacted during the session.