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BSESquare Four Projects India Ltd· Chemicals & PetrochemicalsHighNeutral
Announced Thu, 12 Feb, 2026 · 17:48 IST

Unaudited Financial Results of the Company for the Quarter Ended 31.12.2025

Revenue declinedNet loss reportedResults View source PDFExplain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 0.3 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Square Four Projects India Ltd submitted its unaudited financial results for Q3 FY26 (quarter ended 31-Dec-2025), approved by the Board on 12-Feb-2026 with an unmodified auditor review opinion. On a standalone basis, the company reported zero revenue from operations and total income of Rs. 9.60 lakhs, down from Rs. 13.93 lakhs in the year-ago quarter, with a net profit of Rs. 3.56 lakhs (vs Rs. 7.22 lakhs in Q3 FY25). For nine months FY26, standalone net profit fell sharply to Rs. 11.50 lakhs from Rs. 25.49 lakhs in 9M FY25. On a consolidated basis, the company slipped into losses with a net loss of Rs. 5.86 lakhs in Q3 FY26 and Rs. 17.17 lakhs for 9M FY26 (vs profit of Rs. 5.83 lakhs in 9M FY25), driven primarily by its wholly-owned subsidiary BRC Construction Company. EPS stood at Rs. 0.02 standalone and Rs. (0.03) consolidated. The subsidiary's financials were not reviewed by its auditor.

Likely market impact

Weak operating performance with zero core revenue and a swing into consolidated losses may weigh on the stock. Shareholders should note the deteriorating year-on-year profitability and the unaudited, unreviewed contribution from the subsidiary that drove the consolidated loss.