Submission of un-audited financial results for the quarter and half year ended 30th September, 2025
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Constronics Infra Ltd (formerly Invicta Meditek Ltd) submitted its unaudited Q2 and H1 FY26 results on 12 November 2025. On a consolidated basis, revenue from operations jumped to Rs 586.16 lakhs in Q2 FY26 from Rs 169.34 lakhs in Q2 FY25, while profit after tax surged to Rs 144.71 lakhs from Rs 26.46 lakhs, driven mainly by its new subsidiary Constronics Energy Solutions. However, on a standalone basis, revenue collapsed sharply to Rs 36.22 lakhs (from Rs 169.34 lakhs) and PAT fell to Rs 21.82 lakhs (from Rs 26.46 lakhs). The auditor M/s B. Thiagarajan & Co. issued a qualified conclusion on both reports, flagging that Rs 5.87 lakhs in cash was seized by an investigating agency in a matter unrelated to the company's business, for which no provision was made. New long-term borrowings of Rs 1,737.17 lakhs and capital work-in-progress of Rs 2,143.15 lakhs appeared on the consolidated balance sheet, indicating major capex and funding activity.
The qualification regarding seized cash (Rs 5.87 lakhs — immaterial but noteworthy from a governance angle) and the sharp divergence between consolidated strength and standalone weakness could draw investor scrutiny. Positive takeaway for shareholders is the strong consolidated revenue and PAT growth, though it is dependent on the new subsidiary; negative takeaway is the steep decline in the standalone core business.