BSEKedia Construction Company LtdHighNeutral
Announced Fri, 14 Aug, 2026 · 12:58 IST
Board approves Q1 FY27 results, flags Ridge Road litigation
Price reaction
Awaiting price reaction for this filing.
AI summary
Board of Kedia Construction approved Q1 FY27 results (June 2026) and FY26 draft annual reports. Q1 revenue from operations rose to Rs 10.50 Lakhs from Rs 6 Lakhs year-on-year. However, net loss widened sharply to Rs 232.72 Lakhs versus Rs 3.89 Lakhs loss in Q1 FY26; EPS at minus 2.10 rupees. Auditor flagged pending LIC litigation on Ridge Road property inventory of Rs 77.38 Lakhs with no provision made, and noted Kirti Investments merger with April 2024 appointed date, causing prior period restatement.
Likely market impact
Widening quarterly loss despite higher revenue is a concern. Auditor emphasis on disputed inventory and merger restatement warrants investor attention.