Considered and approved audited standalone and consolidated financial results for the quarter and year ended 31st March, 2026
Awaiting price reaction for this filing.
AJR Infra and Tolling Limited reported a net profit of Rs 31,448.36 lakhs for FY26, a massive turnaround from a loss of Rs 11,172.09 lakhs in FY25. However, this profit is primarily due to an exceptional item of Rs 31,319.27 lakhs, which represents reversal of provisions following a one-time settlement (OTS) with lenders for its Sidhi Singrauli Road Project. The company's operating revenue from operations is zero, with total income of only Rs 2,401.30 lakhs from other income sources. The auditors issued an unmodified opinion but raised a material uncertainty regarding going concern, noting that current liabilities exceed current assets by Rs 1,12,907.20 lakhs. Multiple subsidiaries remain under stress with ongoing litigation including Patna Highway Projects (Supreme Court appeal pending) and Pravara Renewable Energy (illegal possession issues).
While the company posted a large profit due to exceptional items from the SSRPL settlement, shareholders should note that operating performance remains weak with zero operating revenue and severe liquidity crunch. The auditors' going concern warning and massive negative equity of Rs 1,20,934.97 lakhs indicate significant financial distress despite the one-time gain.