Constronics Infra FY26 Profit Qualified Due to Cash Seizure
Constronics Infra Limited financial audit report
Key Highlights
Constronics Infra reports FY26 net profit of ₹310.61 lakh, but auditors issue a qualified opinion over an unprovisioned ₹5.87 lakh cash seizure. Quarterly profit also drops.
Constronics Infra Reports FY26 Profit with Audit Qualification
Constronics Infra Limited reported a net profit of ₹310.61 lakh for the financial year ended March 31, 2026, marking a slight decrease from the previous year. Crucially, the company’s statutory auditors issued a qualified opinion on both standalone and consolidated financial results.
Audit Qualification Details
The qualification stems from the company’s failure to make a provision for ₹5.87 lakh in cash seized by an investigating agency. This specific issue was also highlighted in the audit report for the prior year.
- Had the provision been recognized, the net profit after tax for FY26 would have been ₹304.74 lakh.
- The adjusted earnings per share would have been ₹2.43, lower than the reported ₹2.48.
Quarterly and Performance
The quarter ended March 31, 2026, saw a significant decline in net profit to just ₹24.85 lakh, a sharp drop from ₹101.56 lakh in the corresponding period of the previous year. Total income for this quarter also fell substantially.
On a consolidated basis, the net profit for the full year FY26 was ₹282.02 lakh. Similar to the standalone results, this consolidated figure would have been lower if the provision for the seized cash had been made.
Balance Sheet Snapshot
The company’s financial position also showed notable changes. Cash and cash equivalents decreased significantly from ₹708.70 lakh to ₹47.45 lakh as of March 31, 2026.
This substantial reduction was primarily attributed to investments made in subsidiaries and deposits.