Outcome For Unaudited Financial Results For The Quarter Ended September 30, 2025
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The Board of Directors of Square Four Projects India Ltd approved unaudited standalone and consolidated financial results for Q2 FY26 (quarter ended September 30, 2025) at its meeting held on November 12, 2025. The company is in the real estate business (only one segment). The limited review was conducted by Parv & Associates (Chartered Accountants, FRN: 032073C) and the report is unmodified — nothing came to the auditor's attention suggesting material misstatement. However, the wholly-owned subsidiary BRC Construction Company Private Limited reported NIL revenue and a net loss of about Rs 0.34 lakhs, and was not reviewed by its own auditor. Consolidated figures show the group moved from a profit before tax of Rs 22 lakhs (H1 FY25) to a loss before tax of Rs 11.30 lakhs (H1 FY26), with net cash used in operating activities of Rs 17.01 lakhs in the current period. The results are prepared on a going-concern basis as noted in the financial statements.
The company is small and the group has slipped into losses with negative operating cash flow, plus a going-concern disclosure note appears in the standalone accounts — this signals financial stress. Retail investors should treat this as a high-risk micro-cap with weak fundamentals; the stock may see negative sentiment despite the clean (unqualified) limited review.