The Board of Directors at their meeting held today on Thursday, 14th August, 2025 has: (1) Approved Unaudited Standalone Financial Results of the Company for the first quarter ended on ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Purohit Construction Limited approved its unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations stood flat at Rs. 12.00 lakhs, matching the same quarter last year, while the company swung from a profit of Rs. 1.92 lakhs in Q1 FY25 to a loss of Rs. 9.98 lakhs in Q1 FY26, translating to a basic EPS of Rs. -0.23. The balance sheet shows negative other equity of Rs. -276.07 lakhs and total equity declining to Rs. 164.49 lakhs, while short-term borrowings rose sharply to Rs. 25.63 lakhs from Rs. 15.67 lakhs. Cash from operations was negative at Rs. -13.97 lakhs, and the company also reported a negative closing cash balance movement (down to Rs. 1.00 lakh from Rs. 5.01 lakhs). Separately, the board appointed M/s. B N P S and Associates LLP as the new statutory auditor, filling the casual vacancy created by the resignation of Naresh J. Patel & Co., effective 14 August 2025, until the 34th AGM.
The shift into a quarterly loss despite flat revenues, combined with negative operating cash flow, accumulated negative reserves, and rising short-term debt, signals continued financial stress for shareholders. The sudden change of statutory auditor in the middle of the year is an additional governance red flag that investors should monitor closely.