Pursuant to regulation 33 of the SEBI (LODR) Regulation, 2015, we are submitting herewith Unaudited Standalone and Consolidated Financial Results for the quarter ended September 30, 2025 ....
Awaiting price reaction for this filing.
AJR Infra and Tolling Ltd submitted its Q2/H1 FY26 results, approved by the Board on February 24, 2026. The company reported no revenue from operations in Q2 FY26 (vs. Rs. 3,469.68 Lacs in Q2 FY25), with total income of just Rs. 685.19 Lacs mainly from other income. Pre-exceptional loss for H1 FY26 was Rs. 622.52 Lacs, but profit before tax jumped to Rs. 1,10,475.87 Lacs thanks to a one-time exceptional gain of Rs. 1,11,098.39 Lacs from a settlement with lenders and concessioning authority in its subsidiary Sidhi Singrauli Road Project Ltd (SSRPL). The company's balance sheet is deeply stressed with negative total equity of Rs. 86,173.08 Lacs, and current liabilities exceeding current assets by Rs. 95,023.47 Lacs. Operating cash flow for H1 FY26 was negative at Rs. 2,784.60 Lacs, and multiple subsidiaries face insolvency/litigation issues with corporate guarantee exposures totaling Rs. 1,19,024.39 Lacs (non-funded).
The headline profit is entirely driven by a one-time exceptional settlement gain and does not reflect operating performance — underlying business continues to burn cash and remain unprofitable. The auditor flagged a qualified conclusion, going concern uncertainty, and multiple emphasis of matter items, indicating significant financial distress, ongoing litigation risks, and a heavily impaired balance sheet that materially elevates risk for shareholders.