The Board of Directors at its meeting held today i.e., 13 February, 2026 has considered and approved the un-audited financial results of the Company for the quarter and nine months ended ....
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The board approved un-audited standalone and consolidated results for the quarter and nine months ended 31 December 2025. Standalone revenue from operations for Q3 fell about 18% YoY to Rs. 19.73 crores, but for the nine-month period revenue grew roughly 21% YoY to Rs. 105.79 crores from Rs. 87.36 crores. Net profit rose about 41% in Q3 to Rs. 2.43 crores and jumped about 87% in 9M to Rs. 8.20 crores, supported by a sharp drop in finance costs (from Rs. 3.87 crores to Rs. 1.36 crores in 9M). The auditor's limited review report drew attention (emphasis of matter) to Note 4, flagging that the Rs. 60 crore Anjana project slump sale booked as revenue from operations in Q2 FY26 should, in the auditor's view, have only had the Rs. 2.49 crore profit element recognised under Other Income. The company also completed 51% acquisition of RDB Bhopal Infrastructure and 26% in Naar Projects in Q2 FY26, with consolidated results reported for the first time.
Strong 9M profit growth and lower interest costs are positives for shareholders, but the quarter saw weaker topline revenue. The auditor's emphasis on the Anjana project revenue classification is a yellow flag - it does not modify the audit opinion but signals accounting judgement risk investors should monitor.