VibroPower Corporation Limited provided earning guidance for the financial year ended 31 March 2023. The Group is not expected to report a profit for FY2023, based on a preliminary assessment of the unaudited financial results of the Group for FY2023. The expected losses are mainly due to a significant decrease in the Group's revenue resulting from delay in the customer's delivery schedule for a few big projects and additional provisions made for contract loss arising from a terminated project, which is in dispute.

In this connection, the Company will update shareholders as and when there are material developments in this respect.