September quarter swings to ₹2,584 crore loss after ₹2,638 crore impairment

Emphasis Of MatterRevenue Growth 20pctPat NegativeExceptional ItemNegative Operating CashflowDebt Equity ThresholdResults View source PDF Explain this filing

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

Price reactionminutes from the announcement price · days from the prior close

-7.6%Reaction day

₹243.35

prior close

₹242.10

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%-7.1% vs market

Civil Construction peers, median of 95sector-0.8%-6.7% vs sector

On the reaction day the stock moved 7.1 pts less than Nifty Microcap 250 and 6.7 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.4

10m

-4.4

15m

-5.0

30m

-5.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.6-0.5-7.1-0.8-6.7

Next day

-7.4+0.5-7.9-0.4-7.0

-5.5+1.5-7.1+0.3-5.8

-6.3+1.1-7.4+0.0-6.4

-7.0+0.7-7.7-0.3-6.7

-4.6+1.1-5.8-0.2-4.4

-7.7+1.8-9.5+0.3-7.9

15d

-5.2-0.4-4.8-3.0-2.2

-4.4+1.0-5.4-3.2-1.2

-16.2-5.8-10.4-10.5-5.6

-17.8-8.9-8.9-13.8-4.0

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 95Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

For the quarter ended 30 September 2025, standalone revenue rose 28% year on year to ₹1,276 crore, but a ₹2,638 crore write-off and impairment caused a ₹2,584 crore net loss. For the first half, revenue rose 40% to ₹2,639 crore, net loss was ₹2,505 crore and operating cash outflow was ₹358 crore. Borrowings of ₹1,195 crore were more than twice equity of ₹470 crore. Auditors highlighted two matters without changing their conclusion.

Likely market impact

Shareholders face a large earnings and equity hit; cash burn and higher leverage could keep the stock volatile.