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Awaiting price reaction for this filing.
The Board approved unaudited Q3 FY26 results showing revenue from operations of Rs 2,480 lakhs, up about 9.4% from Rs 2,268 lakhs in Q3 FY25. The company swung back to a profit of Rs 337 lakhs in Q3 FY26, compared to a loss of Rs 361 lakhs in the same quarter last year. For the nine months ended December 2025, revenue grew a strong 35% to Rs 7,216 lakhs and profit stood at Rs 812 lakhs versus a loss of Rs 208 lakhs in the prior-year period. Operating costs came down sharply as a share of revenue, lifting margins significantly. Results include contributions from three joint ventures in road construction and sewerage projects. The auditor issued an Emphasis of Matter noting that the Company Secretary resigned in December 2025, which the company needs to fill within six months under company law.
Sharp revenue growth and a clear turnaround to profitability are positive for shareholders and likely to be received well by the market. However, the auditor's emphasis on the vacant Company Secretary post is a minor governance red flag investors should track.