1. The Board had considered and approved the Standalone Audited Financial Result for the fourth Quarter and Year ended 31st March, 2025 as per regulation 33 of the SEBI (LODR) Regulation, ....
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The Board of Purohit Construction Limited approved its audited financial results for the quarter and year ended 31st March 2025 on 27th May 2025, with the statutory auditor issuing an unmodified opinion. The company swung from a profit before tax of Rs. 43.98 lakhs last year to a loss of Rs. 26.61 lakhs this year. Other equity (reserves) stood deeply negative at Rs. -266.09 lakhs, indicating accumulated losses. Net cash flow from operating activities was negative at Rs. -5.40 lakhs. Additionally, the company disclosed a GST demand of Rs. 4.16 crore for FY 2017-18 (Rs. 2.08 crore towards input tax credit disallowance and interest, and Rs. 2.08 crore penalty) as a contingent liability, with the company filing an appeal before the Commissioner (Appeals) expecting a favourable outcome.
The shift into losses and deeply negative reserves raise concerns about the company's financial health, though the audit report carries no qualifications. The Rs. 4.16 crore GST demand poses a real downside risk if the appeal fails, potentially affecting future earnings and shareholder value.