Vadilal Enterprises Q3 FY26: Revenue Ka Bura Haal Aur Numbers Mein Khot!
Vadilal Enterprises ne apne Q3 FY26 ke results announce kiye hain, aur bhai, figures dekh ke thoda chakka jam ho raha hai. Ek taraf toh net loss kam hua hai, jo ki ek aachi baat hai, par doosri taraf revenue ka toh poora band baja hua hai.
Numbers Ki Kahani:
Quarter ended December 31, 2025 ke liye, company ne ₹16.12 Crore ka Net Loss report kiya hai. Yeh pichhle saal ki same quarter ke ₹18.31 Crore ke loss se 12.0% kam hai. Toh yahan toh relief hai.
Par ab aao asli dhamaka sunne. Revenue from operations seedha 71.5% gir gaya! Q3 FY25 mein yeh ₹926.00 Crore tha, jo ab ghata hokar sirf ₹264.39 Crore reh gaya hai.
Aur mazedaar baat ye hai ki Total Income saal dar saal 35.9% badh gayi, ₹137.03 Crore se ₹186.21 Crore ho gayi. Matlab, operational revenue gir raha hai, par total income badh rahi hai? Weird!
Expenses bhi thoda 3.9% badh kar ₹167.74 Crore ho gaye.
EPS ka toh bura haal hai, jo (₹122.50) se (₹186.86) ho gaya hai.
Jabki nine-month period ki baat karein toh Net Profit ₹14.9 Crore se badh kar ₹16.7 Crore ho gaya hai, par revenue 20.0% gir kar ₹895.33 Crore ho gaya.
Data Mein Gadbad Ka Khel:
Sabse badi chinta wali baat toh numbers ki inconsistency hai. Aap khud dekho, Q3 FY26 mein reported 'Total Income' ₹186.21 Crore hai, jabki 'Revenue from operations' ₹264.39 Crore bata rahe hain. Revenue operational income ka hi ek hissa hota hai, toh yeh kaise ho sakta hai ki revenue total income se zyada ho?
Aur ek aur gadbad: Agar Total Income (₹186.21 Cr) mein se Total Expenses (₹167.74 Cr) minus karein, toh ₹18.47 Crore ka positive profit banta hai. Par company ne 'Profit/(loss) before tax' mein (₹21.53 Crore) ka loss dikhaya hai! Yeh ₹40 Crore ka difference kya hai? Seriously, reporting mein badi khot lag rahi hai.
Auditors ne kaha hai ki unhe koi material misstatement nahi mili, par yeh arithmetic errors dekh ke kuch bhi clear nahi lag raha.
Ek-Dho Cheezein:
Government ke naye Labour Codes ki wajah se, gratuity aur compensated absences ke liye ₹2.90 Crore ka accounting impact bhi aaya hai.
Risk Kya Hai Aur Aage Kya?
Company ne future ke liye koi outlook ya management commentary nahi di hai. Asal risk toh 71.5% revenue drop aur yeh numbers mein dikh rahi gadbad hai. Jab figures hi clear nahi honge toh future predict karna mushkil hai. Investors ko is report ko bahut dhyan se dekhna chahiye.