Unaudited Financial Results of the Company for the Quarter Ended 31.12.2025
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Square Four Projects India Ltd reported nil revenue from operations for Q3 FY26 and the nine-month period, with all income coming from 'other income' of Rs 9.60 lacs in Q3 (down from Rs 13.93 lacs in Q3 FY25) and Rs 29.17 lacs for 9M FY26 (down from Rs 42.46 lacs in 9M FY25), a ~31% YoY decline. Standalone net profit stood at Rs 3.56 lacs for Q3 (vs Rs 7.22 lacs) and Rs 11.50 lacs for 9M FY26 (vs Rs 25.49 lacs), with EPS of Rs 0.02. On a consolidated basis, the company swung to a net loss of Rs 5.86 lacs in Q3 and Rs 17.17 lacs for 9M FY26, compared to a profit of Rs 5.83 lacs in the year-ago period, dragged by its wholly-owned subsidiary BRC Construction. The auditor issued an unmodified limited review opinion, but flagged that the subsidiary's financials were not independently reviewed.
Investors should note the company has no core operating revenue, a shrinking top line, and a consolidated loss driven by its subsidiary — this points to weak business activity and could weigh on the stock. Standalone profits are thin and may not be sustainable if other income continues to fall.