Virtual Galaxy Infotech Approves Audited Financial Results for FY 2026; Extends IPO Fund Timelines
Virtual Galaxy Infotech Limited, the software development company, announced on May 22, 2026, that its Board of Directors approved the Standalone Audited Financial Results for the Quarter and the full Year ended March 31, 2026. The results received an unmodified opinion from the Statutory Auditors, K.K. Mankeshwar & Co.The Board also approved the extension of the utilization timeline for funds raised through the Initial Public Offering (IPO).
Financial Results Summary (Year Ended March 31, 2026)
The company's consolidated financial performance for the year ended March 31, 2026, showed a Total Income of 18,333.10 lakhs. This was offset by Total Expenses of 11,884.62 lakhs, resulting in a Profit before tax of 6,448.49 lakhs. After tax expenses of 1,234.56 lakhs, the company recorded a net profit of 1,321.58 lakhs for the year. Earnings per share (Basic) stood at 19.12.The audited financial results for the quarter and year ended March 31, 2026, show the following key figures (all figures in ₹ Lakhs):
| Metric | Quarter Ended 31/03/2026 | Quarter Ended 31/12/2025 | Year to Date (Current Year) | Year to Date (Previous Year) |
|---|---|---|---|---|
| Total Income | 5,543.64 | 4,136.58 | 18,333.10 | 12,043.20 |
| Total Expenses | 3,540.74 | 2,797.33 | 11,884.62 | 7,509.79 |
| Profit before Tax | 2,002.89 | 1,339.25 | 6,448.49 | 4,533.41 |
| Profit/(Loss) for the Period | 1,449.30 | - | 1,839.19 | 3,211.83 |
| Basic EPS | 6.04 | 3.99 | 19.20 | 19.12 |
Balance Sheet and Cash Flow Snapshot
As of March 31, 2026, the company’s total assets amounted to 29,913.68 lakhs, an increase from 15,818.58 lakhs reported on March 31, 2025.The Balance Sheet details are summarized below:
| Particulars | 31st March 2026 (₹ Lakhs) | 31st March 2025 (₹ Lakhs) |
|---|---|---|
| Total Equity and Liabilities | 29,913.68 | 15,818.58 |
| Share Capital | 2,486.86 | 1,829.86 |
| Reserves and Surplus | 19,358.61 | 7,489.27 |
| Long-Term Borrowings | 3,592.61 | 2,853.91 |
| Total Assets | 29,913.68 | 15,818.58 |
| Cash and Cash Equivalents | 3,118.32 | 255.74 |
The Cash Flow Statement indicated that the company generated net cash from Operating Activities of 4,935.88 lakhs for the year, compared to 4,321.38 lakhs in the previous year. Net cash from Investing Activities was -10,561.00 lakhs, and Net cash from Financing Activities was 8,487.69 lakhs.
Extension of IPO Funds Utilization Timeline
A key resolution approved by the Board was the extension of the timeline for utilizing funds raised during the Initial Public Offer (IPO). The revised timelines for the specified objects are detailed as follows:| Objects of the issue as per Prospectus | Original Completion Timeline | Revised Completion Timeline |
|---|---|---|
| Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring | Till FY 2025-26 | Till FY 2026-27 |
| Funding for business development and marketing activities | Till FY 2025-26 | Till FY 2026-27 |
The Board Meeting, which commenced at 2:30 PM, concluded at 3:15 PM, on May 22, 2026.
VGINFOTECH Stock Price Movement
Shares of Virtual Galaxy Infotech Limited today slipped by 2.00% to close at ₹145.85. The stock traded on 58,000 shares, dipping from an intraday high of ₹152.45 down to a low of ₹140.35.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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