Further to our letter dated February 24, 2026 and the telephonic discussion we had today, we are submitting herewith Un-audited Standalone Financial Results for the quarter ended June 30, ....
Awaiting price reaction for this filing.
AJR Infra reported Q1 FY26 standalone results showing zero revenue from operations and total income of Rs. 186.03 lacs, down from Rs. 286.99 lacs in the same quarter last year (a 35% decline). Without the one-time gain, the company made an operating loss of Rs. 863.34 lacs. However, a massive exceptional income of Rs. 31,319.27 lacs — from reversal of a provision related to the Sidhi Singrauli Road Project one-time settlement with lenders — pushed the headline profit after tax to Rs. 30,496.12 lacs and EPS to Rs. 3.24. The company's other equity is deeply negative at Rs. -1,52,382.79 lacs, indicating severe accumulated losses far exceeding its share capital. The auditor flagged a material uncertainty regarding going concern, noting current liabilities of Rs. 1,13,040.88 lacs far exceed current assets and the company is in default on lender and subsidiary obligations.
The headline profit is entirely driven by a one-time accounting reversal, not from operations — the core business continues to lose money. The negative net worth, going concern warning, and large unresolved contingent liabilities from corporate guarantees (over Rs. 1.19 lakh lacs in PHPL alone) signal serious financial distress that could weigh on the stock. Shareholders should treat the apparent profit as non-recurring and focus on the underlying operational weakness and pending litigation outcomes.