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Visaka Industries Completes Sale of Chennai Leasehold Rights for Rs 32.86 Crores
Visaka Industries Limited has successfully completed the transfer of leasehold rights for a 7-acre land parcel and building in Chennai to Caresoft Global Mobility Technologies. The company received a net consideration of Rs 32.53 crores after a TDS deduction of Rs 32.86 lakhs. This transaction involves a non-strategic asset, ensuring no disruption to the company's core manufacturing operations. The move is part of a strategy to monetize non-core assets and improve the company's liquidity position.
Key Highlights
Total gross consideration for the transfer of leasehold rights is Rs 32.86 crores.
The transaction involves 7 acres of land and building at Mahindra World City, Chennai.
The sale was completed on February 12, 2026, following an MOU signed in December 2025.
The buyer, Caresoft Global Mobility Technologies, is a third-party entity with no promoter links.
Net proceeds received by the company after tax deductions amounted to Rs 32.53 crores.
💼 Action for Investors
Investors should view this as a positive liquidity event that unlocks value from non-core assets. Monitor the upcoming quarterly results to see if the proceeds are utilized for debt reduction or reinvestment into core business segments.
Visaka Industries Reports Turnaround in Q3 FY26 with Net Profit of ₹2.73 Crore
Visaka Industries has returned to profitability in Q3 FY26, reporting a net profit of ₹2.73 crore compared to a net loss of ₹10.31 crore in the year-ago period. Revenue from operations grew 4.5% year-on-year to ₹366.99 crore. For the nine-month period ending December 2025, the company posted a strong net profit of ₹46.92 crore, significantly aided by a one-time exceptional gain of ₹36.74 crore from a land sale in Ahmedabad. The company also showed improved cost management, particularly with a reduction in finance costs.
Key Highlights
Net Profit for Q3 FY26 stood at ₹2.73 crore against a loss of ₹10.31 crore in Q3 FY25.
Revenue from operations increased to ₹366.99 crore from ₹350.96 crore in the same quarter last year.
Finance costs reduced to ₹8.42 crore in Q3 FY26 from ₹11.25 crore in Q3 FY25.
9M FY26 performance includes an exceptional gain of ₹36.74 crore from the sale of land in Gujarat.
Earnings Per Share (EPS) turned positive at ₹0.32 for the quarter compared to negative ₹1.19 YoY.
💼 Action for Investors
Investors should note the positive turnaround in operational profitability and the reduction in debt-servicing costs. While the 9M profit is heavily skewed by a land sale, the quarterly shift from loss to profit indicates improving core business health.
Visaka Industries Q3 Turnaround: Net Profit at ₹2.73 Cr vs Loss of ₹10.31 Cr YoY
Visaka Industries Limited has reported a significant turnaround in Q3 FY26, posting a net profit of ₹2.73 crore compared to a loss of ₹10.31 crore in the same quarter last year. Revenue for the quarter grew by 4.5% year-on-year to ₹366.99 crore. For the nine-month period ended December 2025, the company achieved a profit of ₹46.92 crore, which was significantly bolstered by an exceptional gain of ₹36.74 crore from a land sale in Ahmedabad. Operational efficiency improved as the company managed to reduce finance costs by approximately 25% year-on-year.
Key Highlights
Q3 FY26 Net Profit of ₹2.73 crore compared to a Net Loss of ₹10.31 crore in Q3 FY25.
Revenue from operations increased to ₹366.99 crore in Q3 FY26 from ₹350.96 crore YoY.
9M FY26 Net Profit reached ₹46.92 crore, aided by a ₹36.74 crore exceptional gain from land sale.
Finance costs for Q3 FY26 decreased to ₹8.42 crore from ₹11.25 crore in the previous year's corresponding quarter.
Earnings Per Share (EPS) improved to ₹0.32 for the quarter, up from a negative ₹1.19 in Q3 FY25.
💼 Action for Investors
The company has demonstrated a successful turnaround from losses to profitability and significant reduction in finance costs. Investors should watch for sustainability of operational margins in upcoming quarters as the current 9-month profit is heavily influenced by a one-time land sale gain.
Visaka Industries Reports Q3 Net Profit of ₹2.73 Cr, Turning Around from Year-Ago Loss
Visaka Industries Limited (VISAKAIND) reported a significant turnaround in Q3 FY26, posting a net profit of ₹2.73 crore compared to a net loss of ₹10.31 crore in the same period last year. Revenue from operations grew by 4.5% YoY to ₹366.99 crore. The company's nine-month performance was significantly bolstered by a one-time exceptional gain of ₹36.74 crore from a land sale in Ahmedabad. Notably, finance costs saw a sharp reduction of 25% YoY, dropping to ₹8.42 crore, which aided the bottom-line recovery.
Key Highlights
Revenue from operations increased to ₹366.99 crore in Q3 FY26 from ₹350.96 crore in Q3 FY25.
Net profit for the quarter stood at ₹2.73 crore, reversing a loss of ₹10.31 crore in the previous year's quarter.
Nine-month profit reached ₹46.92 crore, inclusive of a ₹36.74 crore exceptional gain from land sale.
Finance costs reduced significantly to ₹8.42 crore from ₹11.25 crore in the year-ago period.
Earnings Per Share (EPS) improved to ₹0.32 for Q3 FY26 from a negative ₹1.19 in Q3 FY25.
💼 Action for Investors
The turnaround to profitability and reduction in finance costs are positive indicators for the company's operational health. Investors should monitor if the company can maintain organic profit growth in upcoming quarters without the support of one-time asset sales.
Visaka Industries to Transfer Leasehold Rights of Chennai Land for Rs 32.86 Crores
Visaka Industries Limited has entered into a Memorandum of Understanding (MoU) to transfer its leasehold rights for a 7-acre land parcel in Mahindra World City, Chennai. The transaction is valued at Rs 32.86 crores and is being executed with M/s Caresoft Global Mobility Technologies Private Limited. The company has identified this land as a non-strategic asset, meaning the sale will not impact its core manufacturing operations. The deal is expected to be completed within 60 to 90 days, providing a healthy cash inflow for the company.
Key Highlights
Transfer of leasehold rights for 7.00 acres of land situated at Mahindra World City, Chennai.
Total consideration for the transaction is Rs 32.86 crores to be received in tranches.
The buyer, Caresoft Global Mobility Technologies, is not a related party to the promoters.
Expected completion timeline is 60 days from the MoU date, extendable by another 30 days.
The asset is classified as non-strategic, ensuring no disruption to existing business turnover.
💼 Action for Investors
Investors should view this as a positive liquidity event that unlocks value from idle assets. Monitor how the company utilizes the Rs 32.86 crore proceeds, particularly if used for debt reduction or core business expansion.