The Board has quarterly approved results in its meeting dated 13th August, 2025
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Shah Construction Company Limited announced its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose to Rs 123.17 lakhs, up about 38% from Rs 89.24 lakhs in the year-ago quarter. Despite this top-line growth, the company posted a net loss of Rs 40.73 lakhs, roughly flat compared to the Rs 40.38 lakh loss in Q1 FY25, with total expenses of Rs 208.91 lakhs weighed down by high finance costs of Rs 133.93 lakhs. The full FY25 had closed with a loss of Rs 269.07 lakhs. The statutory auditor (Mittal & Associates) issued a clean limited review report with no qualifications. Additionally, the board appointed Mr. Mehul Jadavji Shah as Managing Director for five years without remuneration and set the 77th AGM for September 30, 2025.
Revenue growth is encouraging, but recurring quarterly losses and heavy finance costs continue to hurt shareholders. The clean auditor review and stable management transition are mildly positive, though meaningful stock upside depends on the company turning around its profitability.