Q2 profit rises 58%; joint auditor resigns
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.4 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Quarter ended September 30, 2025: consolidated revenue rose nearly 20% year on year to Rs 702.87 crore, while net profit jumped 58% to Rs 16.17 crore. Half-year net profit fell 63% to Rs 16.59 crore and operating cash flow was negative Rs 1.41 crore. A joint auditor resigned on October 17 for resource needs, stating there was no audit concern; G. K. Choksi and Company was appointed to fill the vacancy, subject to shareholder approval.
Quarterly profit growth supports sentiment, but lower half-year profit, negative cash flow and the auditor change may cause caution.