To consider and approve audited standalone and consolidated financial statements for the quarter and year ended 31st March, 2026.
Awaiting price reaction for this filing.
Avishkar Infra Realty reported a 64% year-on-year increase in standalone revenue from operations (Rs 200 lakh vs Rs 122 lakh), but total income dropped nearly 48% to Rs 189 lakh due to significantly lower other business income. Net profit fell sharply by 83% to Rs 76 lakh from Rs 436 lakh in the prior year. The company's standalone negative reserves worsened to Rs 1,722 lakh (from Rs 797 lakh), and standalone borrowings surged to Rs 2,694 lakh from Rs 212 lakh. On a consolidated basis, the company posted a net loss of Rs 235 lakh (vs profit of Rs 418 lakh), with negative equity of Rs 1,003 lakh. The auditor issued an unqualified opinion but included an Emphasis of Matter noting unclear inventory title due to an ongoing court dispute and unchanged contingent liabilities.
The sharp decline in profitability despite revenue growth and the substantial increase in debt raise concerns about the company's financial health. Worsening negative equity and the auditor's Emphasis of Matter on inventory disputes add risk factors for investors.