Standalone Financial Results (Rs in lakhs)

Income Statement Highlights:

  • Revenue from operations: ₹2,173.38 lakh (Q1 FY27) vs ₹61.80 lakh (Q1 FY26)
  • Other income: ₹271.63 lakh (Q1 FY27) vs ₹200.17 lakh (Q1 FY26)
  • Total income: ₹2,445.01 lakh (Q1 FY27) vs ₹261.97 lakh (Q1 FY26)

Expense Breakdown:

  • Direct contract expenses: ₹2,120.03 lakh
  • Employee benefits expense: ₹259.41 lakh
  • Finance costs: ₹42.72 lakh
  • Depreciation and amortization: ₹3.29 lakh
  • Other expense: ₹1,157.70 lakh
  • Total expense: ₹3,583.15 lakh

Profit/Loss:

  • Loss before exceptional items and tax: ₹(1,138.14) lakh
  • Exceptional items (income): ₹(393.65) lakh
  • Loss before tax: ₹(744.49) lakh
  • Tax expense: Nil for current quarter
  • Loss after tax: ₹(744.49) lakh
  • Total comprehensive income: ₹(744.49) lakh

Comparative Performance:

  • Q4 FY26 (Mar-26): Profit after tax ₹1,119.34 lakh
  • Q1 FY25 (Jun-25): Loss after tax ₹(893.68) lakh
  • FY26 (Mar-26): Profit after tax ₹119.73 lakh

Capital Structure:

  • Paid-up equity capital: ₹245.00 lakh (Face value ₹10 each)
  • Earnings per share (Basic): ₹(30.39) for Q1 FY27

Consolidated Financial Results (Rs in lakhs)

Income Statement Highlights:

  • Revenue from operations: ₹2,173.38 lakh
  • Other income: ₹271.63 lakh
  • Total income: ₹2,445.01 lakh

Expense Breakdown:

  • Direct contract expenses: ₹2,120.03 lakh
  • Employee benefits expense: ₹259.41 lakh
  • Finance costs: ₹42.72 lakh
  • Depreciation and amortization: ₹3.29 lakh
  • Other expense: ₹1,195.28 lakh
  • Total expense: ₹3,620.73 lakh

Profit/Loss:

  • Loss before share of profit/(loss) and exceptional items: ₹(1,175.72) lakh
  • Share of profit/(loss) of associates and joint ventures: ₹(0.01) lakh
  • Loss before exceptional items and tax: ₹(1,175.73) lakh
  • Exceptional items (income): ₹(393.65) lakh
  • Loss before tax: ₹(782.08) lakh
  • Tax expense: Nil for current quarter
  • Loss after tax: ₹(782.08) lakh
  • Total comprehensive income: ₹(782.08) lakh
  • Attributable to shareholders: ₹(1,187.40) lakh
  • Attributable to non-controlling interest: ₹16.18 lakh

Comparative Performance:

  • Q4 FY26 (Mar-26): Profit after tax ₹1,116.73 lakh
  • Q1 FY25 (Jun-25): Loss after tax ₹(903.92) lakh
  • FY26 (Mar-26): Profit after tax ₹55.12 lakh

Capital Structure:

  • Paid-up equity capital: ₹245.00 lakh
  • Other equity: ₹3,59,495.11 lakh
  • Earnings per share (Basic): ₹(31.92) for Q1 FY27

Auditor's Review Report

Standalone Results:

R.C. Chadda & Co. LLP issued an unmodified review report stating nothing came to their attention causing belief that the financial results contain material misstatement or fail to disclose required information under Regulation 33.

Consolidated Results:

Auditors issued a qualified conclusion due to:

1. Non-availability of financial information: Financial results of Dehradun Highways Project Limited, Bareilly Highways Project Limited, Haridwar Highways Project Limited, and Era Infrastructure (India) Ltd. (all under Corporate Insolvency Resolution Process) were not incorporated as audited financial statements were unavailable.

2. Non-recognition of interest on NPA borrowings: Interest on borrowings classified as Non-Performing Assets by lenders has not been recognized, as no communication regarding interest was received from lenders. The impact is unascertainable.

Critical Notes to Financial Results

Note 2 (Standalone) & Note 3 (Consolidated):

  • Management prepared quarterly financial results for FY2025-26 retrospectively based on available books of account to comply with SEBI LODR Regulations.
  • Quarterly results for quarters ended June 30, 2025, September 30, 2025, and December 31, 2025 were not subjected to limited review by statutory auditors during FY2025-26.
  • Only annual financial statements for year ended March 31, 2026 were audited.
  • Q4 FY26 (Mar-26) results represent balancing figures derived from audited annual statements and unaudited nine-month period ended December 31, 2025.

Additional Note for Consolidated Results:

  • Financial information of Dehradun Highways Project Limited (under liquidation) and Bareilly Highways Project Limited, Haridwar Highways Project Limited, Era Infrastructure (India) Ltd. (all under CIRP) not incorporated due to unavailability of reliable financial information.

Board Approval and Timing

  • Results approved by Board of Directors at meeting held on August 12, 2026
  • Meeting commenced at 2:00 PM IST and concluded at 7:30 PM IST
  • Reviewed by Audit Committee before Board approval

Entities Included in Consolidation

The consolidated results include:

Subsidiary Companies:

  • Rampur Highway Project Limited
  • Dehradun Highways Project Limited
  • Bareilly Highways Project Limited
  • Haridwar Highways Project Limited
  • Era Infrastructure (India) Ltd.
  • West Haryana Highways Projects Pvt. Ltd.
  • Paulo Realtech Private Limited
  • Zedek Realtors Private Limited
  • Bragi Developers Private Limited
  • Yarikh Realtors Private Limited

Joint Ventures:

  • Era Patel Advance
  • Era Patel Advance Kiran
  • Rani Era
  • Induni Era
  • KMB Era
  • Optima Era Infra
  • Era Infra Buildsys
  • Metrostroy Era
  • Era Infra ARK Vidyut Urja
  • Era Ranken
  • Transglobal Era
  • Era Infra Sai Dutta

Associate Companies:

  • Hyderabad Ring Road Project Private Limited
  • Era Energy Limited