The Board of Directors had approved the unaudited financial results for the quarter ended June 30 2024
Awaiting price reaction for this filing.
Binny Limited's board, at a meeting on 17 February 2026, approved the unaudited financial results for the quarter ended 30 June 2024 — a delay of nearly 20 months from the quarter end. Revenue from operations fell sharply to ₹1,947.10 lakhs from ₹5,134.11 lakhs in the same quarter a year earlier, while net profit dropped to ₹425.41 lakhs (EPS ₹1.91) versus ₹1,955.89 lakhs (EPS ₹8.76) in Q1 FY24. The statutory auditor, Venkatesh & Co, issued a qualified review report flagging a ₹2,918.05 lakh unrecovered advance to RRB Energy Limited, ₹26,765 lakhs of unregistered land being wrongly recognized as inventory (Ind AS non-compliance), and ₹1,912 lakhs receivable from Sanklecha Infra Projects not meeting Ind AS 115. Separately, Company Secretary and Compliance Officer Mr. Sudhir Anand resigned effective 5 January 2026.
The extremely late filing, steep year-on-year decline in revenue and profit, and multiple qualifications from the auditor on accounting and recoverability issues are negative signals that may dampen investor confidence and pressure the stock.