Outcome of Board Meeting held today i.e. February 11, 2026 for Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2025.
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The Board approved unaudited Q3 and 9M FY25-26 results with an unmodified auditor opinion from Sanjay Raja Jain & Co. On a standalone basis, Q3 FY26 revenue from operations was Rs 450.93 lakh with PAT of Rs 512.71 lakh (EPS Rs 2.15), while 9M FY26 standalone revenue from operations came in at Rs 1,329.69 lakh, lower than the full-year FY25 figure of Rs 2,987.69 lakh. On a consolidated basis, 9M FY26 revenue from operations surged to Rs 36,527.34 lakh and PAT after minority interest reached Rs 5,205.53 lakh (EPS Rs 21.80), up from Rs 3,221.80 lakh for the entire FY25, largely driven by the consolidation of New Consolidated Construction Company Ltd (NCCCL) from August 21, 2025. An exceptional item of Rs 398.38 lakh was booked for the impact of Labour Codes on gratuity liability. NCCCL also secured a repeat Rs 112.5 crore construction mandate from Lodha Developers, and the group received a DFSA license in Dubai for its DIFC arm.
Consolidated numbers look strong but are mostly lifted by the NCCCL acquisition rather than organic growth, while the standalone business is actually shrinking, so investors should read the headline PAT jump with caution. The exceptional Labour Codes charge is a one-time hit and unlikely to recur. The Lodha repeat order and Dubai license are positive for future revenue visibility.