The Board has approved standalone quarterly and Half yearly results ended 30th September,2025
Awaiting price reaction for this filing.
Devoted Construction Ltd reported revenue from operations of just Rs 10 lakhs for the half year ended 30 September 2025, against nil in the same period last year. Total expenses jumped to Rs 17.61 lakhs, leading to a loss before tax of Rs 7.61 lakhs, wider than the Rs 1.85 lakh loss in the prior-year period. Basic EPS stood at Rs (0.25). Statutory auditor KRA & Associates issued an unmodified opinion but flagged an Emphasis of Matter on saleable FSI (Floor Space Index) inventory valued at Rs 14,765.90 lakhs held at historical cost, whose recovery is uncertain. The company's ICICI Bank account (holding Rs 9.97 crore) remains frozen by the Income Tax Department since April 2023. Long-term borrowings of Rs 12,674.95 lakhs against total equity of just Rs 858.18 lakhs indicate extremely high leverage, and operating cash flow stayed negative at Rs (0.16) lakhs.
Persistent losses, near-zero revenue, a frozen bank account, and debt roughly 15 times equity point to serious financial stress. Shareholders should view this as a high-risk situation with limited near-term earnings visibility.