Revised outcome adds the missed Statement of Impact; auditor's conclusion on the results is modified
Revised board meeting outcome for the June 2026 quarter: the Statement of Impact for an audit report with a modified opinion was missed earlier and is now submitted.
By ScoutQuest · · 3 min read
- Revenue from operations (consolidated)
- Rs. 5,208.54 Lakhs vs Rs. 5,195.84 Lakhs
- Profit after tax
- Rs. 202.44 Lakhs vs Rs. 200.42 Lakhs
- Profit before tax
- Rs. 239.85 Lakhs vs Rs. 347.43 Lakhs
Revised update, same results
This is a revised outcome of the board meeting held on November 03, 2026, covering the quarter ended June 30, 2026. The company said the Statement of Impact for an audit report with a modified opinion was inadvertently missed in the earlier submission and is now shared with the revised outcome. The board considered and approved the standalone and consolidated financial results for the quarter, the limited review reports on those results, and the Statement of Impact.
The auditor's modified conclusion
The statutory auditor, Bilimoria Mehta & Co., issued limited review reports with a modified (qualified) conclusion on both the standalone and consolidated results.
- Basis stated: inventories as at June 30, 2026 include work-in-progress (WIP) relating to ongoing construction / project contracts. Management furnished engineering completion certificates evidencing the existence of the WIP, but cost records, cost allocation details and the basis of computation of costs accumulated in WIP were not provided as audit evidence.
- Consequence stated: without those cost records, the auditor could not verify whether the WIP is correctly valued, whether any write-down to net realisable value or provision for obsolescence is required, and could not determine the consequential impact, if any, on the standalone and consolidated results.
- The auditor states that, except for this matter, nothing came to its attention that suggests the statements contain a material misstatement.
The quarter in numbers (consolidated, Rs. In Lakhs)
- Revenue from operations: Rs. 5,208.54 Lakhs, against Rs. 5,195.84 Lakhs in the quarter ended June 30, 2025
- Total income: Rs. 5,273.90 Lakhs
- Profit before tax: Rs. 239.85 Lakhs, against Rs. 347.43 Lakhs in the same quarter a year earlier
- Profit after tax and share of joint venture: Rs. 202.44 Lakhs, against Rs. 200.42 Lakhs
- Basic and diluted earning per equity share: 0.36
Other points in the update
- The results are presented as unaudited and were subject to limited review by the statutory auditor; earlier period figures have been regrouped or reclassified where necessary.
- The group has an investment in Generic Bootes Constructions LLP, a joint venture in which it has substantial control; the joint venture's interim results were furnished by management, were not reviewed by auditors, and management considers them not material to the group.
- On the New Labour Codes, management's assessment, including an actuarial valuation, showed no material incremental impact on the company's gratuity obligations, so no adjustment was made to the quarter's results; the company is evaluating other areas, including the contract workforce.
What a retail investor can take from this
- The financial figures are the same set of quarterly results the board approved on November 03, 2026; the revision adds a document that was missed in the earlier submission.
- The qualified conclusion is specific to the valuation of work-in-progress in inventories, and the auditor states the impact is presently unascertainable rather than quantified.
- Revenue from operations for the quarter is close to the same quarter a year earlier, profit after tax is slightly higher, and profit before tax is lower than a year earlier.
Also from Generic Engineering Construction and Projects
Q1 FY27 results approved; auditor issues qualified conclusion on work-in-progress inventory valuation
3 Nov 2026
Board meeting on 3 November 2026 to consider standalone and consolidated unaudited results
29 Oct 2026
More numbers
- Revenue from operations, quarter ended 30/06/2026 (consolidated)Rs. 5,208.54 Lakhs
- Revenue from operations, quarter ended 30/06/2025 (consolidated)Rs. 5,195.84 Lakhs
- Total income, quarter ended 30/06/2026 (consolidated)Rs. 5,273.90 Lakhs
- Profit before tax, quarter ended 30/06/2026 (consolidated)Rs. 239.85 Lakhs
- Profit before tax, quarter ended 30/06/2025 (consolidated)Rs. 347.43 Lakhs
- Profit after tax and share of joint venture, quarter ended 30/06/2026Rs. 202.44 Lakhs
- Profit after tax and share of joint venture, quarter ended 30/06/2025Rs. 200.42 Lakhs
- Basic and diluted earning per equity share, quarter ended 30/06/20260.36
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.