In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of ....
TARMAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tarmat Ltd reported strong FY2026 results with standalone revenue of Rs 11,737.37 Lakhs (up 13.6% from Rs 10,328.35 Lakhs) and profit after tax of Rs 655.62 Lakhs (up 292.8% from Rs 166.90 Lakhs). EPS improved to Rs 2.64 from Rs 0.63. However, auditors issued a QUALIFIED OPINION due to inability to verify Rs 7.83 Crs investment in Joint Venture Backbone Tarmat Alfaraa, whose partner Alfaraa has gone into liquidation with accounts still unfinalized. This is a repetitive qualification since FY 2022-23. Management stated the JV project is complete and believes the investment is recoverable, but cannot determine fair value. The company operates in infrastructure segments including airports, highways, railways, and real estate.
The qualified audit opinion highlights material uncertainty around a Rs 7.83 Crs JV investment at risk due to partner liquidation. Despite strong profit growth (293% YoY), investors should monitor the resolution of thisJV liquidation matter as it could impact reported assets if the investment value is write down.