Niraj Cement Structurals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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The Board of Niraj Cement Structurals approved unaudited standalone and consolidated financial results for Q1 FY26 on August 13, 2025. Standalone revenue from operations rose to ₹9,443.88 lakhs from ₹8,239.39 lakhs in Q1 FY25, a growth of about 14.6% year-on-year. Standalone net profit grew 35% to ₹109.53 lakhs from ₹80.90 lakhs, with EPS at ₹0.18. Total income for the quarter stood at ₹9,731.54 lakhs. The statutory auditor Chaturvedi Sohan & Co issued an unmodified (clean) limited review report, but flagged several items under 'Emphasis of Matter', including uncertified/unbilled revenue, joint venture accounting, an ongoing DGGI GST search matter (sub-judice in Gujarat High Court), pending reconciliations of receivables/payables, past impairments of advances of ₹1,472.65 lakhs, and unresolved income tax disputes of ₹837.80 lakhs. The Board also appointed M/s Abhay Kumar Pal & Co as Secretarial Auditor for five years (FY26–FY30) and scheduled the 27th AGM for September 29, 2025.
The 35% jump in net profit is a positive signal for shareholders, though revenue growth was modest. Investors should note the long list of emphasis-of-matter items, especially the unresolved DGGI case and pending tax/receivable reconciliations, which represent potential contingent liabilities that could affect future earnings if outcomes go against the company.