Declaration of Audited Standalone & Consolidated Financial results alongwith Auditor''s Report with unmodified opinion, for the Quarter and year ended on March 31, 2026.
MADHAVIPL · price
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Madhav Infra Projects reported audited FY2026 results with revenue from operations declining to ₹4,476 lakh on standalone basis (vs ₹5,722 lakh in FY25) and ₹5,021 lakh consolidated (vs ₹6,102 lakh). Standalone PAT was ₹261 lakh and consolidated PAT was ₹272 lakh, both showing modest growth. The auditors Shah & Kadam issued an unmodified (clean) opinion with no qualifications or going concern doubts. Cash position deteriorated significantly with operating cash flow turning negative at ₹(69) lakh for standalone (vs positive ₹540 lakh in prior year). Total assets declined from ₹5,917 lakh to ₹5,119 lakh standalone. The company operates infrastructure projects through 15 subsidiaries, 1 associate and 6 joint ventures.
Revenue contraction of ~22% YoY and negative operating cash flow are concerning, though the clean audit opinion provides some comfort. The significant decline in cash reserves and working capital deterioration warrant monitoring for liquidity risk.