Era Infra Q1 FY27 results filed; auditor flags qualified opinion
Awaiting price reaction for this filing.
Era Infra Engineering submitted unaudited Q1 FY27 results (quarter ended June 30, 2026) for both standalone and consolidated accounts. Auditor R.C. Chadda and Co. issued a qualified conclusion on the consolidated results, flagging two key issues: (1) financial information not available for certain subsidiaries, including Dehradun Highways Project which is under liquidation, and (2) non-recognition of interest on borrowings classified as NPA and recalled by lenders, which would have increased losses and liabilities by an unascertainable amount. Q4 FY26 figures are balancing figures derived from audited annual statements.
Serious red flags: NPA loans, recalled credit facilities, and a subsidiary under liquidation point to financial distress and possible going concern risk.