ARSS Infrastructure Projects Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Limited, which has been under Corporate Insolvency Resolution Process (CIRP) since November 30, 2021, submitted its unaudited financial results for Q1 FY26. Revenue from operations collapsed to Rs 1,868.19 lakhs, down sharply from Rs 8,677.53 lakhs in the same quarter last year (a ~78% year-on-year decline). The company posted a standalone net loss after tax of Rs 11,552.48 lakhs (EPS of Rs -50.81) versus a small profit of Rs 56.55 lakhs in Q1 FY25, driven mainly by a one-time write-off of Rs 110.48 crores related to the settlement of an arbitration award involving Niraj Cement Structurals Ltd. and Jaipur Development Authority. Other equity is deeply negative at Rs (18,652.35) lakhs. The auditor (MARS & Associates) issued a qualified conclusion on both standalone and consolidated results due to non-recognition of contract-wise surplus/loss under Ind AS-115, and highlighted the ongoing CIRP and the write-off as emphasis-of-matter items.
Shareholders face a deeply negative equity position, ongoing insolvency proceedings since 2021, a steep revenue fall, and a large one-time loss — all pointing to continued distress and uncertainty around the stock's value and any potential recovery for equity holders.