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.
On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.5 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.