Supreme Infrastructure India Limited Audited FY26 Results

Key Financial Figures (Standalone)

Income Statement (₹ in lakhs):

  • Revenue from operations: Q4 FY26: ₹1,388.92; FY26: ₹6,533.86 (FY25: ₹6,616.56)
  • Other income: Q4 FY26: ₹164.88; FY26: ₹193.20 (FY25: ₹1,721.76)
  • Total income: Q4 FY26: ₹1,553.80; FY26: ₹6,727.06 (FY25: ₹8,338.33)
  • Total expenses: Q4 FY26: ₹7,589.04; FY26: ₹73,630.98 (FY25: ₹1,50,836.10)
  • Exceptional items (gain): Q4 FY26: ₹(6,026.13); FY26: ₹(6,46,563.62) (FY25: ₹128.06)
  • Profit before tax: Q4 FY26: ₹(6,026.13); FY26: ₹5,79,659.70 (FY25: ₹(1,42,625.83))
  • Net profit: Q4 FY26: ₹(6,026.13); FY26: ₹5,79,659.70 (FY25: ₹(1,42,625.83))
  • EPS (basic): Q4 FY26: ₹(7.68); FY26: ₹738.95 (FY25: ₹(554.95))
  • EPS (diluted): Q4 FY26: ₹(7.43); FY26: ₹715.08 (FY25: ₹(554.95))

Balance Sheet (as of March 31, 2026, ₹ in lakhs):

  • Total assets: ₹2,67,420.41
  • Equity share capital: ₹9,750.28
  • Other equity: ₹13,972.96
  • Total equity: ₹23,723.24
  • Total liabilities: ₹2,43,697.17
  • Borrowings (current): ₹1,39,157.37
  • Trade payables: ₹1,859.74 (excluding micro/small enterprises: ₹130.80)

Cash Flow (FY26, ₹ in lakhs):

  • Net cash from operating activities: ₹(776.90)
  • Net cash from investing activities: ₹(247.89)
  • Net cash from financing activities: ₹1,088.83
  • Net decrease in cash: ₹64.04
  • Cash equivalents at end: ₹165.31

Key Financial Figures (Consolidated)

Income Statement (₹ in lakhs):

  • Revenue from operations: FY26: ₹6,533.86
  • Net profit attributable to owners: FY26: ₹5,79,649.97
  • EPS (basic): FY26: ₹738.94
  • Total assets: ₹2,68,870.21
  • Total equity: ₹23,350.69

Exceptional Items

The exceptional gain of ₹646,563.62 lakhs in FY26 comprises:

  • ₹367,801.46 lakhs: Reversal of interest and principal on implementation of Scheme with lenders
  • ₹278,805.87 lakhs: Reversal of interest pertaining to 3 lenders from whom No Dues Certificates are pending
  • ₹43.70 lakhs: Compensation paid on settlement with trade payables based on court order

Scheme of Arrangement and Fundraising

The Scheme of Arrangement under Sections 230-232 of Companies Act, 2013 between the Company and its financial creditors was approved by NCLT Mumbai Bench vide order dated March 28, 2025. Key aspects:

  • Company's debt stands reduced to settlement amount
  • Full payment made to 11 out of 14 financial creditors who have given No Dues Certificates
  • Partial payment made to remaining 3 lenders for which extension is sought
  • Charge release formalities completed for lenders who gave No Dues Certificates

Fundraising:

  • Issued 7,10,37,388 equity shares of ₹10 each at ₹86.94 per share (including premium of ₹76.94) to promoters, promoter groups, non-promoters & lender banks through preferential allotment
  • Allotted 2,21,12,953 warrants convertible into equity shares at ₹86.94 per warrant to promoters, promoter group and other non-promoters
  • During Q4 FY26, converted 7,67,000 warrants into equity shares
  • Funds utilized for payment to lenders

Material Uncertainty Regarding Going Concern

The non-receipt of final No Dues Certificates from 3 lenders as at March 31, 2026 may result in circumstances that indicate existence of material uncertainty that could cast significant doubt on the Company's ability to continue as a going concern if outstanding obligations are not fully repaid within extended timeline. Company has filed application before Court seeking extension of time for final settlement.

Auditor Qualifications

The auditors, M/s. Borkar & Muzumdar, issued a qualified opinion with the following key concerns:

1. Trade receivables and other current assets (₹756.44 crore): Long-outstanding balances including projects closed/substantially closed. Management believes fully recoverable based on contract terms and ongoing recovery/arbitration procedures, but auditors unable to comment on adjustments needed.

2. Investment in SIBPL (₹142,556.84 lakhs) and trade receivables (₹214.58 lakhs): SIBPL admitted to CIRP on May 22, 2024. Management believes intrinsic value derived from BOT SPV investments, but auditors unable to comment on carrying value adjustments.

3. Investment in SPITPL (₹156.77 crore), trade receivables (₹381.50 lakhs) and unbilled revenue (₹320.17 lakhs): SPITPL admitted to CIRP on August 30, 2024. Arbitration ongoing with NHAI. Management believes substantial contractual claims exist, but auditors unable to comment on carrying value adjustments.

4. Interest reversal of ₹278,805.87 lakhs: Pertaining to 3 lenders from whom No Dues Certificates pending. Auditors state this overstates profit by ₹300,242.66 lakhs for FY26 and net worth by same amount.

Contingent Liabilities

Corporate guarantees given to various lenders of subsidiary/group companies: ₹151,347.85 lakhs (March 31, 2025: ₹153,315.69 lakhs), comprising:

  • Supreme Vasai Bhiwandi Tollways: ₹15,378.00 lakhs
  • Kotkapura Muktsar Tollways: ₹8,500.00 lakhs
  • Kopargaon Ahmednagar Phase-I Tollways: ₹18,000.00 lakhs
  • Supreme Panvel Indapur Tollways: ₹90,000.00 lakhs
  • Patiala Nabha Infra Projects: ₹4,569.85 lakhs
  • Supreme Kopargaon Ahmednagar Tollways: ₹14,900.00 lakhs

Management believes no liability recognition required as these are part of Scheme of Arrangement.

Other Material Information

  • Positive net worth: ₹23,723.24 lakhs as on March 31, 2026 (March 31, 2025: negative ₹6,22,832.62 lakhs)
  • Accumulated losses: ₹99,402.93 lakhs as on March 31, 2026 (March 31, 2025: ₹6,79,064.12 lakhs)
  • Segment business: Engineering and Construction (single segment)
  • New Labour Codes: No material impact assessed for FY26 results
  • Figures for previous periods: Regrouped/reclassified for comparability