Godha Cabcon & Insulation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Godha Cabcon & Insulation Limited has submitted revised standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), correcting an inadvertent error in the Paid-up Equity Share Capital figure previously filed on August 27, 2025. The auditor (S Parth & Co) issued a limited review report carrying a 'Basis for Disclaimer of Opinion,' citing multiple documentation gaps — missing GST reconciliation, no MSME bifurcation of trade payables, no supplier confirmations, missing E-Way bills/delivery challans, and no confirmations for unsecured loans and party advances — and explicitly stated they are 'unable to express an opinion' on the results. Revenue from operations fell sharply to ₹579.44 lakhs from ₹964.36 lakhs year-on-year (around 40% decline), with the construction segment reporting zero revenue. Despite the revenue drop, profit after tax rose to ₹68.64 lakhs from ₹44.67 lakhs (roughly 54% growth), and EBITDA margin expanded to about 16% from 7%. Paid-up equity share capital was revised upward to ₹14,762.40 lakhs (from ₹9,137.40 lakhs at FY25 end), suggesting a sizeable fresh equity issuance during the quarter.
The auditor's disclaimer of opinion is a serious red flag on financial reporting quality and could dent investor confidence and weigh on the stock. On the positive side, stronger margins, higher PAT, and a fresh capital infusion may support near-term sentiment, but shareholders should watch for resolution of the auditor's concerns in subsequent filings.