ARSSINFRANSEARSS Infrastructure Projects Limited· ConstructionHighNeutral
Announced Tue, 10 Feb, 2026 · 15:57 IST
Q3 FY26 results: revenue Rs 3,825 lakh, auditor issues qualified review
Going ConcernQualified OpinionEmphasis Of MatterExceptional ItemRevenue DeclinePat NegativeResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Q3 FY26 standalone revenue rose to Rs 3,825 lakh from Rs 1,955 lakh YoY, but 9M revenue fell to Rs 6,834 lakh from Rs 13,999 lakh. 9M PAT was a loss of Rs 3,34,328 lakh due to exceptional items of Rs 3,223 crore from the IBC resolution plan. Auditor issued a qualified conclusion on Ind AS-115 non-compliance, and noted Rs 4,675.45 crore unsustainable debt settled via 7.5 crore equity shares. Board reconstituted under new promoter OCML in September 2025.
Likely market impact
Massive equity dilution from IBC plan and qualified auditor review are red flags, though Q3 revenue shows recovery under new management.