A2Z Infra Q3 FY26: Revenue up but auditor disclaims on going concern

Going-concern doubtEmphasis of matterNet loss reportedExceptional itemDebt to equity above the thresholdRevenue growth above 20%Results View source PDF Explain this filing

A2ZINFRA · price

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Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹15.20

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-2.3% vs market

Diversified Commercial Services peers, median of 70sector-0.1%-2.7% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.7 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 70Pending

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AI summary

A2Z Infra Engineering filed Q3 FY26 results for the quarter and nine months ended Dec 31, 2025. Standalone revenue from operations rose to Rs. 3,126.82 lakhs from Rs. 949.43 lakhs YoY, yet the company posted a net loss of Rs. 450.89 lakhs versus a profit of Rs. 33.01 lakhs. Nine month revenue doubled to Rs. 7,519.89 lakhs. Net exceptional loss was Rs. 2,047.31 lakhs. Auditor MRKS and Associates disclaimed conclusion citing going concern doubts, accumulated losses of Rs. 1,07,822.23 lakhs, NPA borrowings, DRT lender filings, and Punjab power plant litigation.

Likely market impact

Auditor flagged going concern risk, NPA loans, and DRT lender cases. Revenue surged but losses continue. High-risk filing for investors.