VL E-Governance & IT Solutions Limited announced its standalone audited financial results for the quarter and year ended March 31, 2026, in its board meeting held on May 21, 2026. In the quarter ended March 31, 2026, the company reported revenue from operations of 118.54 Crores, compared to 448.00 Crores in the previous quarter (December 31, 2025) and 497.20 Crores in the corresponding quarter of the previous year (March 31, 2025). The company reported a net loss of 58.73 Crores for the quarter ended March 31, 2026, as compared to a net loss of 71.38 Crores in the previous quarter and a net loss of 251,940.04 Crores in the corresponding quarter of the previous year.

Note: For the Profit/Loss analysis, positive percentage indicates an increase in profit or a reduction in loss, while negative percentage indicates a decrease in profit or an increase in loss.

VL E-Governance & IT Solutions Limited is a subsidiary of Vakrangee Ltd and specializes in e-governance services, IT/ITES system integration, B2B trading, and IT/ITES equipment trading. The company functions as a systems integrator and end-to-end service provider for various e-government projects, including UIDAI Aadhaar enrollments and the digitization of land records. As of 2025, the company has faced significant financial challenges, with negative financial trends, deteriorating revenue, and has been rated a “Strong Sell” by certain market analysts. The company has been exploring expansion into high-tech fields like aeronautical systems and defense, while also dealing with shareholder concerns and fluctuating market sentiment. Notable investors in the company include Vakrangee Holdings Private Limited and the Life Insurance Corporation of India (LIC).