June-quarter profit rises 32%; board explores INR 175 crore solar investment

Management Changes View source PDF Explain this filing

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-0.8% vs market

Civil Construction peers, median of 91sector+0.4%+0.0% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and in line with its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

For the June quarter, revenue was INR 15,916 lakh, up from INR 13,606 lakh, and profit rose to INR 565 lakh from INR 429 lakh; EPS was INR 0.31. The board named Vipul and Kanchan Markhedkar as key managers, accepted Vinod Mohandass's resignation effective 30 September, and approved exploring up to INR 175 crore for a solar-project vehicle to secure contracts. The auditor's review was unmodified, but INR 2,929 lakh owed by a customer is in court.

Likely market impact

Profit growth and solar wins could lift the stock, but the investment plan and INR 2,929 lakh customer dispute raise funding and collection risks.