Approved Unaudited Standalone Financial Results of the Company for the first quarter ended on 30th June, 2025 and considered the Limited review report issued by statutory Auditor.
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Purohit Construction Ltd reported unaudited standalone results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations was Rs. 12.00 lakhs, flat compared to Rs. 12.00 lakhs in the year-ago quarter. The company posted a net loss of Rs. 9.98 lakhs, wider than the Rs. 7.61 lakh loss in Q1 FY25, translating to a basic EPS of Rs. (0.23). Other equity (accumulated reserves) is deeply negative at Rs. (276.07) lakhs against an equity share capital of Rs. 440.56 lakhs, indicating significant historical losses. Cash and bank balance fell sharply from Rs. 5.01 lakhs to Rs. 1.00 lakh, while short-term borrowings rose from Rs. 15.67 lakhs to Rs. 25.63 lakhs. Operating cash flow was negative at Rs. (13.96) lakhs for the quarter. Separately, the board accepted the resignation of the existing statutory auditors (Naresh J Patel & Co.) and appointed M/s. B N P S and Associates LLP as the new statutory auditor with effect from 14 August 2025 to fill the casual vacancy, to hold office until the 34th AGM.
Continued quarterly losses, a deeply negative net worth position (other equity of Rs. 276.07 lakhs deficit), dwindling cash and rising short-term borrowings point to financial stress for this small real estate developer. The mid-year auditor change adds governance uncertainty and may warrant caution for shareholders.