Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Unaudited Financial Results under Regulation 30 and 33 of SEBI LODR
Audit Opinion:
Unmodified opinion expressed by statutory auditors on both standalone and consolidated financial results.
Key Financial Highlights [₹ in Lakhs]:
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,331.92 (QoQ: -56.4% from ₹3,057.12; YoY: +185.4% from ₹466.71)
- Total Income: ₹1,339.99
- Net Profit: ₹20.26 (QoQ: -61.5% from ₹52.68; YoY: improved from loss of ₹101.34)
- EPS: ₹0.13 (Basic and Diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹4,389.04 (YoY: +154.4% from ₹1,725.37)
- Total Income: ₹4,407.24
- Net Profit: ₹72.93 (YoY: -19.6% from ₹90.74)
- EPS: ₹0.43 (Basic and Diluted)
Standalone Balance Sheet as of September 30, 2026:
- Share Capital: ₹1,686.25
- Other Equity: ₹7,004.81 (increased from ₹6,530.21 as of March 31, 2026)
- Cash and Cash Equivalents: ₹0.62
- Total Borrowings: ₹8,512.06 (Current) + ₹1,540.47 (Non-current) = ₹10,052.53
- Trade Receivables: ₹15,428.47
- Inventories: ₹4,363.41
- Total Assets: ₹21,339.00
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹2,237.92
- Total Income: ₹2,257.25
- Net Profit Attributable to Owners: ₹25.94
- EPS: ₹0.15 (Basic and Diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹6,151.64
- Total Income: ₹6,184.53
- Net Profit Attributable to Owners: ₹47.07
- EPS: ₹0.27 (Basic and Diluted)
Consolidated Balance Sheet as of September 30, 2026:
- Share Capital: ₹1,686.25
- Other Equity: ₹7,309.96
- Non-controlling Interest: ₹6.26
- Cash and Cash Equivalents: ₹87.81
- Total Borrowings: ₹8,953.37 (Current) + ₹1,540.48 (Non-current) = ₹10,493.85
- Trade Receivables: ₹15,438.72
- Inventories: ₹4,515.96
- Total Assets: ₹22,294.75
Segment-wise Performance [₹ in Lakhs]:
Quarter Ended September 30, 2026:
- Construction Segment Revenue: ₹1,339.99
- Fuel and Grocery Segment Revenue: ₹915.42
- Others Segment Revenue: ₹1.84
Half Year Ended September 30, 2026:
- Construction Segment Revenue: ₹4,407.24
- Fuel and Grocery Segment Revenue: ₹1,780.92
- Others Segment Revenue: ₹(3.63)
Corporate Actions:
Not Specified
Other Significant Information:
Auditor's Emphasis of Matter:
1. Decrease in depreciation due to assets reaching residual value of 5% of original cost
2. Increase in other expenses and employee cost in line with revenue growth
3. Increase in finance cost due to half-yearly interest accounting on unsecured loans (to change to quarterly from next quarter)
4. Debtors outstanding for more than 180 days amounting to ₹147.99 crore under litigation
5. Company is scrutinizing and rectifying various old debtors and creditors accounts as proposed by internal auditor
Entities included in consolidation:
- Akash Infra-Projects Limited (Parent)
- Akash Infra Inc. (Subsidiary, incorporated outside India)
- Akash International LLC (Subsidiary)
- Abash Petroleum Private Limited (Associate)
- Akash Residency & Hospitality Private Limited (Associate)