To consider and approve audited standalone and consolidated financial statements for the year ended 31st March, 2026.
Awaiting price reaction for this filing.
Avishkar Infra Realty Ltd (formerly Joy Realty Ltd) reported audited standalone and consolidated financial results for FY 2025-26. Standalone revenue declined sharply to Rs. 188.75 lakhs from Rs. 362.07 lakhs in FY 2024-25, representing a 48% drop. Standalone PAT fell to Rs. 75.52 lakhs from Rs. 435.77 lakhs (83% decline). The consolidated results show the company swung to a loss of Rs. (235.24) lakhs from a profit of Rs. 417.97 lakhs in the prior year, largely due to high finance costs of Rs. 302.03 lakhs at the consolidated level. The auditor issued an unmodified opinion but included an Emphasis of Matter noting disputes over inventory title pending in court and unchanged contingent liabilities. The company also acquired a new subsidiary, Avishkar Keval Kunj Redevelopment Private Limited.
The sharp revenue decline and swing to consolidated loss are deeply negative signals for shareholders. The inventory dispute and negative operating cash flow of Rs. (1,500.14) lakhs on standalone basis add further risk. The stock is likely to face selling pressure.