Outcome of Board Meeting held on 14th February 2026 submission of Unaudited Financial Results for the quarter and Nine Months ended, 31st December, 2025 as per Regulation 33 of SEBI (Listing ....
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Awaiting price reaction for this filing.
PBA Infrastructure reported weak Q3 FY26 results with revenue from operations of just Rs. 2.23 crore versus Rs. 8.63 crore in the year-ago quarter, a sharp ~74% drop. For the nine months ended December 2025, revenue fell to Rs. 17.76 crore from Rs. 27.42 crore (~35% decline) and the company posted a loss of Rs. 24.90 crore versus Rs. 0.80 crore loss in the same period last year. The auditor issued a qualified opinion, flagging that the company has defaulted on Rs. 214.59 crore of consortium bank loans, has been classified as a Non-Performing Asset (NPA) since 2018, and faces SARFASEI action with banks seeking possession of secured assets. The auditor explicitly stated a 'material uncertainty that may cast apprehension about the Company's ability to function as a going concern,' noting total outside liabilities exceed current assets and reserves are deeply negative at Rs. (128.26) crore.
This is a deeply negative filing — the qualified opinion with going-concern doubts, massive debt defaults, NPA status, and declining revenue signal severe financial distress. Shareholders should view this as a high-risk situation with potential for sharp share price volatility and risk to their investment value; recovery depends on debt resolution outcomes currently in DRT court.