The Board approved the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026. A copy of Financial Results along with Auditors'' Report and Declaration ....
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Kedia Construction Company Limited reported audited financial results for FY ended March 31, 2026. Total income was Rs. 83.55 Lakhs (vs Rs. 83.59 Lakhs restated prior year). Net profit after tax stood at Rs. 46.32 Lakhs compared to Rs. 39.25 Lakhs (restated), showing approximately 18% growth. Net sales declined from Rs. 68.25 Lakhs to Rs. 55.00 Lakhs (approx 19% decline). The auditor's report carries an unmodified opinion but includes an Emphasis of Matter on pending litigation with LIC of India regarding Ridge Road Property valued at Rs. 72.17 Lakhs shown as inventory with no diminution provision made. Financial results have been restated to give effect to the Scheme of Arrangement and Amalgamation with Kirti Investments Limited, approved by NCLT on April 6, 2026.
The company achieved profit growth despite revenue decline, mainly due to other income. The pending litigation with LIC and the restatement of results due to the amalgamation scheme are key watch items for investors.