VMS TMT Q3 FY26 Unaudited Standalone Results: Profit ₹803.89 Lakhs
VMS TMT Limited reported Q3 FY26 unaudited standalone profit after tax of ₹803.89 Lakhs. Revenue from operations was ₹20,212.96 Lakhs. The company also disclosed a deviation in IPO proceeds utilization, with ₹2.81 crore transferred to working capital instead of direct loan repayment, though facilities were later closed. The share price is significantly below the IPO price.
The positive financial results are tempered by the deviation in IPO fund utilization and the significantly lower current share price compared to the IPO price, which could impact investor confidence.
The profit for the quarter shows a significant increase compared to the previous quarter, indicating improved financial performance.
VMS TMT Limited announced its unaudited standalone financial results for the third quarter and nine months ended December 31, 2025. The company reported a profit after tax of ₹803.89 Lakhs for the quarter, a significant increase from ₹212.84 Lakhs in the previous quarter. For the nine-month period, the profit after tax stood at ₹1,874.36 Lakhs.
Revenue from operations for the third quarter was ₹20,212.96 Lakhs, with total income reaching ₹20,250.91 Lakhs. Total expenses for the quarter amounted to ₹19,283.36 Lakhs.
The Board of Directors also authorized Key Managerial Personnel under Regulation 30(5) of SEBI LODR. The company reviewed the Limited Review Report from its Statutory Auditors on the financial results.
Additionally, the company provided a statement of deviation(s) or variation(s) pursuant to Regulation 32 of SEBI LODR, detailing the utilization of IPO proceeds. A significant portion of the IPO proceeds, ₹115 crore, was allocated for repayment of borrowings. While ₹112.19 crore has been utilized for this purpose, there was a deviation of ₹2.81 crore, where funds were transferred to a cash credit account for working capital purposes before the formal closure of the loan facilities on February 4, 2026. The company clarified that this was due to procedural reasons with the bank, and the facilities were subsequently closed, with SVC Bank issuing a no-dues certificate. General corporate purposes saw utilization of ₹20.60 crore, and issue-related expenses amounted to ₹12.85 crore.
The Monitoring Agency report by CARE Ratings Limited noted the deviation in the utilization of IPO proceeds, stating that ₹2.81 crore was not in line with the stated object. The report also highlighted that the current share price of ₹51.01 as of February 10, 2026, is significantly lower than the issue price of ₹99.
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VMS TMT Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by VMS TMT Limited. Read the original for the full detail.