Revised outcome
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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K&R Rail Engineering has revised the outcome of its June 14, 2025 Board Meeting to correct an error — the auditor issued a 'qualified opinion' (not unqualified as originally stated) on both standalone and consolidated audited financial results for FY ended March 31, 2025. The qualification relates to certain trade receivables and trade payables that are pending confirmation and reconciliation, with long-outstanding balances for which no provision has been made; the auditor could not determine the financial impact. On a standalone basis, the company reported total income of Rs 64,071.87 lakhs and net profit after tax of Rs 547.17 lakhs (EPS Rs 2.18). On a consolidated basis, total income was Rs 69,721.43 lakhs with PAT of Rs 619.95 lakhs (EPS Rs 2.46). Operating cash flow turned negative at Rs (2,171.87) lakhs on a standalone basis, a sharp reversal from Rs 583.71 lakhs positive in FY24. The Board also appointed M/s M G S Reddy and Co as Internal Auditors for FY26 and M/s Dabas S & Co as Secretarial Auditors for five years (FY26–FY30).
The corrected qualified opinion is a negative signal — it indicates unresolved issues around receivables/payables that may affect future earnings or cash collection, and the auditor's inability to quantify the impact adds uncertainty. Combined with the swing to negative operating cash flow, shareholders should expect heightened scrutiny on working-capital quality and collection efforts going forward.