Approval of unaudited financial results for the quarter ended 30th September 2025
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Shree Krishna Infrastructure's board approved its H1 FY26 unaudited results, showing a sharp swing into losses. The company posted a loss after tax of Rs. 109.39 lakhs, against a profit of Rs. 2.41 lakhs in the same period last year. Revenue from operations fell to Rs. 30.88 lakhs from Rs. 43.29 lakhs, a drop of nearly 29% year-on-year, while total expenses surged to Rs. 150.21 lakhs, driven mainly by a spike in employee costs to Rs. 100.71 lakhs. Cash and equivalents collapsed from Rs. 328.76 lakhs to just Rs. 0.38 lakhs, with operating cash outflow of Rs. 454.55 lakhs. Other equity turned negative at Rs. (19.16) lakhs. Most concerning, the newly appointed auditor NKSC & Co. issued a disclaimer of opinion, stating that following a change in management/shareholders, they could not obtain sufficient records to verify the company's transactions, replacing previous auditor Bharat Gupta & Co.
Highly negative for shareholders — the auditor's disclaimer of opinion, negative book value, near-zero cash, and steep operating losses together raise serious going-concern doubts and suggest the stock is likely to face significant downward pressure.