BSERJ Shah & Company LtdMediumNeutral
Announced Fri, 30 Jan · 16:07 IST

Outcome of Meeting of the Board of Directors of the Company held on 30th January, 2026 and submission of the Financial Results of the Company for the Quarter/Nine months ended 31st December, 2025.

Revenue DeclineResults View source PDF

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Awaiting price reaction for this filing.

AI summary

The Board of Directors of RJ Shah & Company Ltd approved the unaudited financial results for the quarter and nine months ended 31st December, 2025 on 30th January, 2026. The company, which operates in civil engineering construction, reported NIL revenue from operations for both Q3 FY26 and 9M FY26, compared to Rs 1,046.02 lakhs for the full FY25. All income in 9M FY26 came from 'Other Income' of Rs 175.16 lakhs (up from Rs 136.65 lakhs in 9M FY25). Profit after tax for Q3 FY26 stood at Rs 10.93 lakhs, while 9M FY26 PAT was Rs 40.57 lakhs versus Rs 38.44 lakhs in 9M FY25. EPS for 9M FY26 was Rs 14.48. The statutory auditors (N N K & Co.) issued an unmodified limited review report with no qualifications or observations.

Likely market impact

The complete absence of operational revenue for nine consecutive months is a serious concern for shareholders, indicating no new construction projects have been booked in FY26 so far. Sustained profits are entirely dependent on 'Other Income', making the core business outlook weak despite the modest 5.5% growth in 9M PAT.