Semac Construction Limited (formerly Semac Consultants Limited) reported a significant financial turnaround for FY 2025-26, with consolidated revenue increasing 40% to ₹242.70 Cr from ₹172.84 Cr in FY25. The company achieved a net profit of ₹7.27 Cr, reversing from a net loss of ₹5.84 Cr in the previous year. Standalone performance was even stronger with revenue of ₹225.40 Cr (up 45.3%) and net profit of ₹8.06 Cr versus loss of ₹6.12 Cr in FY25.
Key financial metrics show improvement across the board: current ratio strengthened to 1.44 from 1.31, debt-equity ratio reduced to 0.31 from 0.51, and return on equity turned positive at 9% from -8%. The company maintains a healthy order book of approximately ₹90 Cr and employs about 200 white-collar professionals.
The Board approved a Scheme of Amalgamation for the wholly-owned subsidiary Semac Construction Technologies India Private Limited with the parent company, pending NCLT approval. The company also addressed regulatory compliance issues, including excess remuneration paid to a Whole-time Director requiring member waiver approval at the 49th AGM scheduled for September 25, 2026.
Financial position remains robust with property, plant & equipment valued at ₹12.36 Cr, trade receivables of ₹36.78 Cr, cash equivalents of ₹7.73 Cr, and fixed deposits under lien of ₹48.54 Cr. The company faces contingent liabilities including bank guarantees of ₹319.62 Cr and various tax demands pending resolution.
Corporate governance structure includes 6 directors (2 executive, 4 non-executive) with key managerial personnel comprising Mr. Abhishek Dalmia (CMD), Mr. Harivansh Dalmia (WTD), Mr. Deepak Jain (CFO), and Ms. Aakriti Gupta (CS). The company maintains 62.85% promoter holding through Ajai Hari Dalmia Trust (45.68%) and Radha Madhav Trust (13.47%).
All financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) and received unmodified audit opinions. The annual report was submitted to BSE and NSE pursuant to SEBI Regulation 34(1), demonstrating full regulatory compliance aside from the noted remuneration issue requiring AGM approval.