SRM Contractors Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
SRM · price
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Awaiting price reaction for this filing.
SRM Contractors reported unaudited Q1 FY26 results with standalone revenue from operations of Rs 14,309.34 lakhs, up sharply from Rs 5,421.71 lakhs in Q1 FY25 (about 164% YoY growth). Standalone profit after tax jumped to Rs 1,305.96 lakhs from Rs 467.90 lakhs (about 179% YoY), with EPS rising to Rs 5.69 from Rs 2.04. Consolidated revenue was Rs 14,239.66 lakhs and consolidated PAT was Rs 1,274.81 lakhs. The results include contributions from subsidiaries and joint arrangements such as SP Mangal Murti Enterprises and Loran Valley Power Projects. The filing notes both an outgoing auditor (Satyendra Mrinal & Associates) and current auditor (Rohit KC Jain & Co.), indicating an auditor change during the year, though both issued unmodified limited review opinions.
Very strong topline and profit growth year-on-year is a positive signal for shareholders, but the filing also flags an auditor change mid-year and a drop in EBITDA margin from around 20% to roughly 15%, suggesting cost pressures as the business scales.