Don’t Trade in the Dark—Get Your Pre-Market Report Every Day.Join Now
Veronica Production Ltd
| Audited Financial Results for the Quarter and Year Ended March 31, 2026
Summary : Veronica Production Limited reported significant losses and negative equity for FY26, with auditors highlighting unconfirmed trade balances.
Quarterly Report Analysis & Insights
Financial Disclosures
- Total Expenses: 447.06 lakhs (FY26) vs 736.30 lakhs (FY25)
- Purchases of Stock-in-trade: 393.95 lakhs (FY26)
- Cost of Materials Consumed: 60.09 lakhs (FY26)
- Other Expenses: 127.81 lakhs (FY26)
- Not provided, noted as missing by auditors
- Revenue from Operations: 0.00 lakhs (FY26)
- Other Income: 424.97 lakhs (FY26) vs 692.87 lakhs (FY25)
- Negative Cash Flow from Operations: (31.59) lakhs (FY26) vs (135.98) lakhs (FY25)
- Net decrease in Cash and Cash Equivalents: (37.26) lakhs (FY26)
- Total Assets: 134.91 lakhs (FY26) vs 100.37 lakhs (FY25)
- Negative Total Equity: (147.21) lakhs (FY26) vs (125.45) lakhs (FY25)
- Trade Receivables increased: 124.52 lakhs (FY26) from 52.12 lakhs (FY25)
- Cash and Cash Equivalents decreased: 9.44 lakhs (FY26) from 46.70 lakhs (FY25)
- Current Other Financial Liabilities increased: 109.70 lakhs (FY26) from 47.50 lakhs (FY25)
- Standalone Audited Financial Results
Corporate Overview
- Gujarat, India
- Significant accumulated losses
- Negative net profit
- Auditors unable to confirm trade balances
- Formal and compliant, no strategic insights
Risk Factors
- Auditor unable to confirm trade balances.
- Significant accumulated losses and negative equity.
- Zero revenue from core operations.
- Negative cash flow from operations.
Key Drivers
- No clear catalysts identified in report.
- Future business model clarity needed.
- Resolution of auditor's trade balance concerns.
- Improved financial performance and profitability needed.
Auditor’s Report
- Unmodified opinion
- Inability to confirm trade receivables and payables balances
- Management did not furnish balance confirmation letters, party-wise reconciliation, and age-wise analysis for Trade Receivable and Trade Payable balances. Auditors were unable to satisfy themselves regarding existence, completeness, accuracy, and recoverability of these balances. The impact of any adjustments is not presently ascertainable, but the opinion is not modified.
Board Commentary
- Auditor's emphasis on unconfirmed trade balances
Corporate Governance
- Audit Committee exists
- Auditor's emphasis of matter regarding unconfirmed trade balances
Management Discussion & Analysis
Critical Risks
- Inability to confirm trade receivables and payables
- Significant accumulated losses
- Negative net profit