VGL reports Rs 6.56 cr standalone loss as expenses exceed revenue
The operating margin was -83.17%, with a Rs 0.31 cr tax credit partly reducing the Rs 6.87 cr pre-tax loss.
Filed 12 Aug 2026, 18:53 IST · after market close · VGL (VGL)
Key takeaways
- Standalone expenses of Rs 15.12 cr exceeded revenue of Rs 8.26 cr, leaving operating margin at -83.17%.
- VGL reported a standalone net loss of Rs 6.56 cr, after a Rs 0.31 cr tax credit narrowed the Rs 6.87 cr pre-tax loss.
- Other income of Rs 0.63 cr did not offset the operating loss, while interest remained at Rs 0.01 cr.
Operating costs overwhelmed Q1FY27 revenue
VGL's standalone revenue was Rs 8.26 cr against expenses of Rs 15.12 cr, resulting in an operating loss of Rs 6.87 cr. The gap between costs and revenue pushed operating margin to -83.17%. With no year-on-year or sequential comparison available, the quarter's cost structure is the main signal.
Tax credit softened, but did not remove, the loss
A Rs 0.31 cr tax credit reduced the Rs 6.87 cr pre-tax loss to a Rs 6.56 cr net loss. Other income contributed Rs 0.63 cr, but was not enough to offset the operating loss. Interest was only Rs 0.01 cr, so financing costs were not the main pressure on profit.
Results were filed after market close
The standalone results were filed after market close on 12 August 2026. There is no reported market reaction yet, and no recent reaction history is provided for comparison.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹8 cr |
| Other income | ₹1 cr |
| Expenses | ₹15 cr |
| Operating profit | ₹-7 cr |
| Operating margin (%) | -83.17% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹-7 cr |
| Tax | ₹-0 cr |
| Net profit | ₹-7 cr |
| EPS (₹) | ₹-1.27 |
What to watch
- Whether operating margin improves from -83.17%.
- Whether revenue moves above Rs 8.26 cr while expenses remain below Rs 15.12 cr.
- Whether the tax credit remains a factor after the Rs 0.31 cr credit reported this quarter.