Un-audited Financial result for the Quarter ended June 30, 2025
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Kedia Construction Company Ltd reported its Q1 FY26 results, with net sales rising sharply to Rs. 30.25 lakhs from Rs. 6.00 lakhs in Q1 FY25, showing very strong revenue growth. The company swung from a loss after tax of Rs. 1.31 lakhs in the year-ago quarter to a profit of Rs. 7.79 lakhs. However, an exceptional item charge of Rs. 24.93 lakhs (vs. Rs. 4.24 lakhs last year) was reported, which materially affected the pre-tax profit line. The auditor (Jhunjhunwala Jain & Associates LLP) issued an unmodified review report but included an Emphasis of Matter paragraph flagging two issues: (1) a disputed Ridge Road property carried as inventory at Rs. 68.55 lakhs with no provision for diminution in value, and (2) a pending Scheme of Arrangement and Amalgamation with Kirti Investments Limited (appointed date April 1, 2024), awaiting NCLT and other approvals.
Strong top-line growth and a return to profitability are positive signals for shareholders, but the large exceptional charge and the auditor's emphasis on the disputed property and pending amalgamation scheme are watchpoints that investors should monitor closely.