Submission of Unaudited Financial Results for the quarter ended 31.12.2025
Awaiting price reaction for this filing.
India Infraspace Limited reported Q3 profit of Rs 10.26 lakhs, a turnaround from losses of Rs 27.31 lakhs in Q3 FY25 and Rs 0.26 lakhs in Q2 FY26. Revenue for the quarter was Rs 16.03 lakhs vs Rs 7.83 lakhs in the same period last year. For 9 months, revenue declined sharply to Rs 23.17 lakhs from Rs 123.17 lakhs in the prior year period, with a net loss of Rs 23.37 lakhs vs loss of Rs 12.75 lakhs previously. The company's statutory auditor (Nikhil D Gupta & Associates) flagged that the company failed to maintain accounting software with audit trail as mandated under Companies Rules, and could not verify bank balances due to missing statements. Pre-operative expenses of Rs 33.19 lakhs were carried forward but the auditor said these should be written off. The company's equity shares remain delisted from BSE with a re-listing application pending before SAT.
The company has returned to profit in Q3 but faces serious auditor concerns about accounting compliance, expense treatment, and the delisting status. The inability to verify bank balances and failure to maintain audit trail feature represent material weaknesses in internal controls. Investors should await clarity on the SAT re-listing decision.