The Board had considered and approved the Standalone Audited Financial Result for the fourth Quarter and Year ended 31st March, 2026 as per regulation 33 of the SEBI (LODR) Regulation, ....
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Purohit Construction Limited reported a standalone audited financial result for Q4 and FY2026 ending 31st March 2026. The company posted a loss of Rs 33.86 lakhs before tax for the year, compared to a loss of Rs 26.61 lakhs in the previous year, indicating worsening performance. The statutory auditor B N P S and Associates LLP issued an unmodified (clean) audit opinion. However, an Emphasis of Matter was raised regarding a Rs 4.16 crore GST department demand for FY 2017-18 (Rs 2.08 crore input tax credit disallowance plus Rs 2.08 crore penalty), which has been disclosed as a contingent liability as the company has filed an appeal. Operating cash flow improved to Rs 12.45 lakhs from negative Rs 5.40 lakhs in the prior year.
The company continues to operate at a loss, and shareholders face uncertainty from the GST demand. However, the clean audit opinion and improved operating cash flow provide some comfort. The contingent liability of Rs 4.16 crore remains a risk if the GST appeal is unsuccessful.