Date: 31st July, 2026
Financial Results
- Revenue from Operations for FY 2025-26: ₹187.92 crore
- Profit Before Tax for FY 2025-26: ₹0.19 crore (compared with a loss in the previous year)
- The profit was achieved due to past doubtful debt recovery and continued focus on cost optimization and operational efficiencies
- Revenue was lower due to completion of certain projects and absence of major new projects
Operational Update
- Order book is depleting due to constraints from ongoing Resolution Process under NCLT/NCLAT
- Company's ability to bid for new projects has been severely constrained
- Strategically undertaking select projects on back-to-back contractual basis to utilize available resources
- This approach supports operational continuity while minimizing cash burn from existing cash resources
- Focus on preserving technical and financial qualifications during resolution process
Resolution Process Update
- Ongoing resolution process under the aegis of NCLT/NCLAT
- Process is expected to help unlock company's project acquisition capabilities
- Expected to support business continuity, improve revenue visibility, and reinforce long-term viability
Industry Context
- Infrastructure remains backbone of India's economic growth
- Union Budget FY 2026-27 allocation of approximately ₹11.2 lakh crore for infrastructure development
- Major national initiatives creating opportunities: PM Gati Shakti National Master Plan, National Infrastructure Pipeline, Bharatmala, Dedicated Freight Corridors, Metro Rail expansion, renewable energy, urban infrastructure
Outlook
- India's infrastructure sector offers significant long-term potential
- Company positioned to participate in growth once resolution process concludes
- Confidence in experienced workforce, engineering capabilities, and strong customer relationships