Updated Statement on Impact of Audit Qualification for the quarter and year ended 31st march 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Constronics Infra Ltd has filed an updated statement on the impact of an audit qualification for FY25. The auditor (B. Thiagarajan & Co.) issued a Qualified Opinion because Rs. 5.87 lakhs in cash was seized by an investigating agency in a matter unrelated to the company's business, and no provision was made for it. If provisioned, FY25 profit before tax would drop from Rs. 437.46 lakhs to Rs. 431.59 lakhs — a minor impact. For the year, revenue jumped sharply to Rs. 5,097.45 lakhs from Rs. 1,252.22 lakhs in FY24, and the company swung to a net profit of Rs. 313.88 lakhs from a loss earlier. EPS stood at Rs. 2.64. The previous year's audit was done by S.C. Ajmera & Co, indicating an auditor change. Reserves also turned positive at Rs. 2,619.10 lakhs.
The qualification is minor in financial terms but flags a regulatory/legal overhang from a cash seizure unrelated to core business. Shareholders should note the auditor change and the negative operating cash flow of Rs. 1,819.77 lakhs despite strong reported profits — working capital consumed significant cash. Overall profitability turnaround and revenue growth are positive signals, but cash quality and the seized-funds issue warrant attention.