VL E-Governance Q1 FY27 Net Loss Narrows to ₹57.36 Lakh

Date: 10th August, 2026

Financial Results (Standalone & Consolidated)

Key Profit & Loss Statement Items (₹ in Lakhs)

Revenue from Operations: 64.90 for Q1 FY2026-27 vs. 118.54 for Q4 FY2025-26, a decrease of (45.25)%
Total Income: 67.65 for Q1 FY2026-27 vs. 123.14 for Q4 FY2025-26, a decrease of (45.07)%
Total Expenses: 124.47 for Q1 FY2026-27 vs. 181.15 for Q4 FY2025-26, a decrease of (31.29)%
EBIDTA: (54.24) for Q1 FY2026-27 vs. (54.65) for Q4 FY2025-26, an improvement of (0.75)%
Exceptional Item: None
Profit before Tax (PBT): (56.82) for Q1 FY2026-27 vs. (58.01) for Q4 FY2025-26, an improvement of (2.05)%
Tax Expenses: 0.54 for Q1 FY2026-27 vs. 0.72 for Q4 FY2025-26, a decrease of (25.00)%
Profit after Tax (PAT): (57.36) for Q1 FY2026-27 vs. (58.73) for Q4 FY2025-26, an improvement of (2.33)%
Full Year FY2025-26 Figures: Revenue from Operations: 1,715.43; Total Income: 1,766.01; Total Expenses: 1,876.25; EBIDTA: (96.66); PBT: (110.24); Tax Expenses: 2.83; PAT: (113.07)

Key Balance Sheet Items (₹ in Lakhs) as of FY2025-26

Net Worth: 4,456.61 (vs. 4,569.66 in FY2024-25)
Share Capital: 10,845.13 (unchanged from FY2024-25)
Other Equity: (6,388.52) (vs. (6,275.47) in FY2024-25)
Total Debt: None (vs. None in FY2024-25)
Other Non-Current Liabilities: 4.70 (vs. 1.87 in FY2024-25)
Total Sources of Funds: 4,461.31 (vs. 4,571.54 in FY2024-25)
Fixed Assets: 234.95 (vs. 234.79 in FY2024-25)
Other Non-Current Assets: 4,003.25 (vs. 3.25 in FY2024-25)
Investments: 13.69 (vs. None in FY2024-25)
Trade Receivables: 116.00 (vs. None in FY2024-25)
Cash & Cash Equivalents: 203.82 (vs. 246.42 in FY2024-25)
Other Current Assets: 148.11 (vs. 4,363.86 in FY2024-25)
Less: Trade Payables: 1.09 (vs. 7.03 in FY2024-25)
Less: Other Current Liabilities: 257.42 (vs. 269.75 in FY2024-25)
Net Current Assets: 223.11 (vs. 4,333.50 in FY2024-25)
Total Application of Funds: 4,461.31 (vs. 4,571.54 in FY2024-25)

Board Meeting Outcomes

The Board Meeting held on 10th August, 2026 considered and approved the Financial Results for the Quarter ended 30th June, 2026.

The presentation outlines the company's business strategy and performance update, but no other specific board resolutions are detailed beyond the results.

Business Strategy Update

Current Performance & Outlook:

The company demonstrated improved operational resilience through disciplined cost management.
It remains a debt-free organization.
The company is actively exploring new business opportunities in the Government's e-Governance initiatives, expected to drive significant revenue growth in upcoming quarters.
Long-term vision is anchored in scalable growth, sustainable development, and a commitment to nation-building and digital empowerment.

Key Projects & Opportunities:

Sankalp Industrial Smart City Project: In May 2025, the company signed an MoU with Ekansh Concepts to act as the EPC Partner. The role has commenced and started generating revenue. The project is located at the intersection of the Mumbai–Nagpur Samruddhi Mahamarg and the Delhi–Mumbai Expressway, covering 494 acres in Phase I with an estimated EPC contract value of approximately ₹800 crores. The project involves renewable energy solutions, smart infrastructure, and multi-sector development.
Defence & Aerospace: The company is exploring business in designing, developing, manufacturing, or promoting high-tech projects/products for Aviation, Aerospace, Defense, and Satellite projects, potentially through acquisition or JV.
Government e-Governance Projects: The company plans to bid for large-scale government projects, leveraging its experience. Specific projects being evaluated include:
Unique Land Parcel Identification Number (ULPIN)
Aadhaar Integration with Land Records
National Geospatial Knowledge-Based Land Survey of Urban Habitations (NAKSHA) under DILRMP
PM e-Drive EV Charging Station Operator (CPO)
Solar Power Project Implementation
Strategic Investment: The company has signed a Binding Term Sheet to acquire a 40% equity stake in HAL-Edgewood Technologies Private Limited (HETL), with the transaction at an advanced stage. HETL has developed patented, Make-in-India mission computers for military aircraft.

Company Overview & Project Experience

The company positions itself as one of India's largest e-Governance players and a systems integrator with experience in delivering IT/ITES services for India's E-Governance plan and international projects.

Notable Past Projects Include:

Land Titling Computerization for the Philippines Government: Dematerialized 20 million land deeds for 168 Registrar of Deeds offices.
Digitization of Land Record for six districts of Uttar Pradesh.
Computerization of Election Commission: Generated 100 million voter ID cards and managed over 100,000 citizen facilitation centers.
UIDAI Aadhaar Enrolment services: Enrolled more than 5 crore residents across Pan India.
National Population Register Digitization: Data digitization of 145 million resident records.
Ministry of Corporate Affairs Project (MCA-21): Setup & maintenance of IT infrastructure at 22 ROC sites; dematerialized 6.5 lakh records; issued 2 million DINs.
Passport Seva Kendra (PSK): Setup of 77 PSKs, a data centre, disaster recovery centre, and a call centre.
Rashtriya Swasthya Bima Yojana (RSBY): Health Insurance Scheme for BPL families; ~37 million families enrolled across 479 districts.
Smart-card based Public Distribution System (PDS) in Haryana: Creation of 6 million UID-linked Smart Ration Cards; installation of ~9300 Smart Card POS Terminals.
Inspector General Registration of Stamp (IGRS): Operation of Nagpur zone SRO offices (approx 144 offices) on BOT basis for 5 years.

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

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Auditor’s Report

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Disinvestment / Strategic Actions

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Other Operational / Legal / Strategic Disclosures

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