Announced Fri, 18 Sept · 18:34 IST
Q1 FY27: net profit from JDA flat sale; going concern and qualified audit flagged
SUPREMEENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Supreme Engineering posted Q1 FY27 with net profit from a Rs 32.46 crore exceptional gain on reversal of write-offs for flats received under a Joint Development Agreement that sharply lifted revenue. Auditor issued a qualified opinion citing non-filing of tax returns, unpaid dues, and no internal audit. Going concern risk flagged due to negative net worth and an NPA loan since 2021. Bank approved One-Time Settlement in August 2026.
Likely market impact
Profit came from one-time exceptional gain, not core operations. Going concern risk and qualified audit are key concerns. OTS approval is positive.