Quadrant Future Tek Limited has informed the Exchange regarding Re-Appointment of M/s Anand Narang & Associates as Internal Auditor of the company for FY 26-27.
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Quadrant Future Tek Limited reported audited financial results for Q4 and FY ended March 2026. The company posted total income of ₹1,583.44 million but recorded a significant loss before tax of ₹557.33 million, a sharp deterioration from a profit of ₹262.06 million in the previous year. The auditor flagged that the company incurred a cash loss of ₹310.22 million (previous year: NIL), indicating operational revenues are insufficient to cover cash expenditures. The Cable Division contributed a small profit of ₹44.94 million, while the Train Control System (TCS) Division reported a massive loss of ₹602.27 million. The Board also re-appointed M/s Anand Narang & Associates as Internal Auditors for FY 2026-27 based on the Audit Committee's recommendation.
The company is facing severe financial stress with mounting losses and cash burn. The TCS Division is a major drag on profitability. While the internal auditor re-appointment is routine, the deteriorating financial position with cash losses signals significant risk for investors and may put pressure on the stock price.