Virinchi Q4FY26 Results: Revenue Up 16.55%, PAT Declines Amidst Write-off
Virinchi Limited reported Q4FY26 standalone revenue of ₹44.45 crore, up 16.55% YoY. Full-year FY26 revenue rose 19.53% to ₹183.38 crore. PAT for Q4FY26 was a loss of ₹8.10 crore due to an ₹8.43 crore write-off. FY26 PAT was ₹13.98 crore. Consolidated Q4FY26 revenue was ₹67.31 crore with a net loss of ₹15.69 crore.
The reported loss in PAT and the significant write-off, despite revenue growth, will likely affect investor sentiment and stock performance. However, the underlying business performance is noted as robust.
While revenue showed growth, the significant decline in PAT and the occurrence of a substantial write-off negatively impact the overall sentiment.
Virinchi Limited announced its audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026. The company reported a standalone Q4FY26 revenue increase of 16.55% to ₹44.45 crore, compared to ₹38.14 crore in Q4FY25. For the full fiscal year FY26, revenue grew 19.53% YoY to ₹183.38 crore from ₹153.41 crore in FY25, primarily driven by growth in the SaaS and ITES businesses.
However, standalone Profit After Tax (PAT) for Q4FY26 was a negative ₹8.10 crore, a significant decline from a positive PAT of ₹1.71 crore in Q4FY25. This was largely attributed to a one-time, fully-provided write-off of ₹8.43 crore on receivables from QC Holdings, a major SaaS customer, and an increase in administrative expenses. For the full year FY26, PAT declined 12.85% YoY to ₹13.98 crore from ₹16.04 crore in FY25.
The SaaS business demonstrated healthy growth, with Q4FY26 revenue at ₹36.94 crore and FY26 revenue at ₹153.94 crore, reflecting continued demand for its software solutions. The EBIT for Q4FY26 was impacted by the aforementioned bad debt write-off, resulting in an EBIT loss of ₹10.63 crore. For FY26, EBIT stood at ₹13.18 crore.
The ITES business recorded Q4FY26 revenue of ₹3.68 crore and EBIT of ₹0.37 crore, with FY26 revenue at ₹10.07 crore and EBIT at ₹1.01 crore. The IDC & IT Services business generated Q4FY26 revenue of ₹10.86 crore and EBIT of ₹0.14 crore, while FY26 revenue was ₹40.37 crore with an EBIT loss of ₹2.37 crore. This segment experienced a significant decline in onshore revenue due to a stricter visa regime, leading to a shift towards offshore delivery models.
The Healthcare business reported Q4FY26 revenue of ₹14.49 crore, a decline from ₹26.07 crore in Q4FY25. For FY26, revenue was ₹79.99 crore. Despite the revenue decline, the segment's EBIT improved to ₹0.15 crore for FY26 from an EBIT loss of ₹0.88 crore in FY25. In March 2026, the promoter acquired a 49% stake in Virinchi Health Care Private Limited through a fresh infusion of funds.
On a consolidated basis, the Group reported Q4FY26 revenue of ₹67.31 crore and a negative PAT of ₹15.69 crore. For FY26, consolidated revenue stood at ₹286.13 crore with a negative PAT of ₹27.39 crore. The company stated that excluding the write-off, underlying operating performance remained robust across core businesses.
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