Q1 FY27 results approved; auditor issues qualified conclusion on work-in-progress inventory valuation
Board approved unaudited Q1 (Apr–Jun 2026) results, standalone and consolidated.
By ScoutQuest · · 1 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 5,208.54 | 5,195.84 | +0.2% | 11,122.30 | −53.2% |
| Total income | 5,273.90 | 5,240.55 | +0.6% | 11,300.88 | −53.3% |
| Profit before tax | 239.85 | 347.43 | −31% | 384.46 | −37.6% |
| Profit after tax | 202.44 | 200.42 | +1% | 189.03 | +7.1% |
| Total comprehensive income | 202.44 | 200.42 | +1% | 191.10 | +5.9% |
| Basic EPS | 0.36 | 0.35 | +2.9% | 0.34 | +5.9% |
- Total Income
- 5,273.90 Lakhs (Latest); 5,240.55 Lakhs (Year ago, +0.6%)
- Profit After Tax
- 202.44 Lakhs (Latest); 200.42 Lakhs (Year ago, +1%)
- Sequential PAT Change
- +7.1% vs Previous quarter (189.03 Lakhs)
- Period
- Quarter Ended 30/06/2026
Auditor's review
Conclusion: Qualified
- Qualified: Holding Company did not provide cost records, cost allocation details or basis of computation for WIP in inventories at June 30, 2026; auditor unable to verify valuation or NRV write-down need.
- Joint Venture results (share of net loss Rs.0.03 Lakhs) not reviewed by any auditor; relied on management-certified figures; conclusion not modified on this matter.
Notes to the results
- New Labour Codes effective November 21, 2025 have not resulted in any material incremental impact on gratuity obligations; no adjustment made for the quarter.
- The Group has made an investment in Generic Bootes Constructions LLP, in which the group has substantial control.
- Previous period figures have been regrouped/reclassified wherever necessary.
What was decided
- Board approved unaudited standalone and consolidated results for the quarter ended June 30, 2026.
- The meeting continues for other agenda items.
Auditor's qualified conclusion
Auditor Bilimoria Mehta & Co. issued a qualified conclusion on both standalone and consolidated results. The company's inventory includes work-in-progress (WIP) on ongoing construction contracts. Management gave engineering completion certificates showing the WIP exists, but did not give cost records, cost allocation details or the basis of cost computation. So the auditor could not check whether WIP is correctly valued or whether a write-down is needed. The possible impact on results is stated as unascertainable.
Consolidated results (Rs. in lakhs)
- Revenue From Operations: 5,208.54 vs 5,195.84 in Q1 last year and 11,122.30 in the previous quarter.
- Total Income: 5,273.90 vs 5,240.55 a year ago.
- Profit before tax: 239.85 vs 347.43 a year ago.
- Profit after Tax and share of JV: 202.44 vs 200.42 a year ago.
- Basic EPS: Rs 0.36 vs Rs 0.35.
- Finance costs: 216.12 vs 209.45.
Profit after tax held steady despite lower pre-tax profit, helped by a deferred tax credit of 20.62 lakh.
Segments (consolidated)
- Construction to Services revenue: 3,067.52 lakh.
- Trading Material revenue: 2,141.02 lakh.
Other notes
- The joint venture's share of loss was Rs.0.03 Lakhs; its results were not reviewed by any auditor.
- Management says the New Labour Codes had no material impact on gratuity obligations.
Also from Generic Engineering Construction and Projects
Revised outcome adds the missed Statement of Impact; auditor's conclusion on the results is modified
4 Nov 2026
Board meeting on 3 November 2026 to consider standalone and consolidated unaudited results
29 Oct 2026
More numbers
- Finance costs Q1 FY27216.12
- Construction to Services segment revenue Q13,067.52
- Trading Material segment revenue Q12,141.02
- JV share of net lossRs.0.03 Lakhs
- Total income, latest quarter5,273.90 (Rs. In Lakhs)
- Total income, year-ago quarter5,240.55 (Rs. In Lakhs)
- Total income, previous quarter11,300.88 (Rs. In Lakhs)
- Total comprehensive income, latest quarter202.44 (Rs. In Lakhs)
- Total comprehensive income, year-ago quarter200.42 (Rs. In Lakhs)
- Total comprehensive income, previous quarter191.10 (Rs. In Lakhs)
- Profit after tax, latest quarter202.44 (Rs. In Lakhs)
- Profit after tax, year-ago quarter200.42 (Rs. In Lakhs)
- Profit after tax, previous quarter189.03 (Rs. In Lakhs)
- Revenue from operations, latest quarter5,208.54 (Rs. In Lakhs)
- Revenue from operations, year-ago quarter5,195.84 (Rs. In Lakhs)
- Revenue from operations, previous quarter11,122.30 (Rs. In Lakhs)
- Profit before tax, latest quarter239.85 (Rs. In Lakhs)
- Profit before tax, year-ago quarter347.43 (Rs. In Lakhs)
- Profit before tax, previous quarter384.46 (Rs. In Lakhs)
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