Q1 FY27 results OK; statutory auditor P K N and Co resigns, DTA and Associates appointed

Auditor Mid Year ChangeRevenue Growth 20pctResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-4.5%Reaction day

₹106.70

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-4.5% vs market

Civil Construction peers, median of 98sector-0.7%-3.8% vs sector

On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 3.8 pts less than 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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Reaction day

-4.5+0.1-4.5-0.7-3.8

Next day

-9.2+0.2-9.4-0.3-8.8

-13.3+0.6-13.9-1.1-12.2

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q1 FY27 results: revenue from operations Rs 796.49 lakhs (vs Rs 607.06 lakhs in Q4 FY26); net profit Rs 7.76 lakhs (vs Rs 79.63 lakhs in Q4 FY26). PAT swung to a profit from a loss of Rs 16.01 lakhs in Q1 FY26. Auditor P K N and Co resigned citing internal restructuring, with no concerns flagged. DTA and Associates appointed as new statutory auditor, pending shareholder approval.

Likely market impact

Clean auditor exit with no management disagreement. Revenue growth signals business momentum, but Q-on-Q profit dipped. Watch shareholder approval for new auditor at upcoming AGM.