India Infraspace Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, following a Board of Directors meeting held on March 2, 2026. The meeting, which commenced at 5.00 P.M. and concluded at 6.10 P.M., approved the financial results in accordance with Regulation 33 and Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial performance for the quarter ended December 31, 2025, shows continued challenges. Revenue from operations stood at nil for Q3FY26, consistent with the preceding quarter. Other income was also nil during the quarter. Total expenses amounted to ₹0.26 lakhs, comprising finance costs of ₹0.01 lakhs and other expenses of ₹0.25 lakhs. Consequently, the company reported a loss before tax of ₹0.26 lakhs for the quarter. Basic and diluted earnings per share stood at -0.01 for Q3FY26.

For the nine months ended December 31, 2025, the company reported a profit before tax of ₹15.48 lakhs, a significant improvement from the loss of ₹27.31 lakhs in the corresponding period of the previous year. Total income for the nine-month period stood at ₹16.00 lakhs, entirely from other income, with total expenses at ₹0.52 lakhs. The basic and diluted EPS for the nine-month period was 0.55.

Key Financial Metrics

Auditor Observations

Nikhil D Gupta & Associates, Chartered Accountants, provided a limited review report with several significant observations. The auditors noted that the company has not maintained accounting software with the audit trail feature as prescribed under Rule 3(1) of the Companies (Accounts) Rules, 2014, for the quarter ended December 31, 2025. Additionally, balances with Union Bank of India could not be verified due to the absence of bank statements.

The auditors drew attention to pre-operative expenses amounting to ₹33.19 lakhs incurred during the period, which have been carried forward in the books of account. In their view, such expenditure is required to be written off in accordance with applicable standards. Furthermore, the auditors noted that the equity shares of the company have been delisted from the stock exchange, and an application for relisting is pending before the Securities Appellate Tribunal as of the report date.

The comparative financial information for the year ended March 31, 2025, and December 31, 2024, was derived from audited financial statements audited by the previous statutory auditors, M/s GMCA & Co., Chartered Accountants. The company has relied upon the audit report issued by the previous auditors for the corresponding figures presented in these financial results.

India Infraspace Limited announced its unaudited financial results for the first quarter of fiscal year 2025-26 ended June 30, 2025. The Board of Directors approved the standalone and consolidated financial results during a meeting held on October 6, 2025. The company, which operates in the steel segment, reported a significant turnaround in its financial performance compared to the corresponding quarter of the previous year.

The company reported a profit of Rs 15.99 lacs for Q1FY26, marking a substantial improvement from the loss of Rs 2.57 lacs recorded in the same quarter of the previous year. This profit was achieved despite revenue from operations remaining at nil during the period. The total income for the quarter stood at Rs 16.00 lacs, entirely comprising other income. In comparison, the company had reported total income of Rs 0.00 lacs in Q1FY25.

Financial Performance Summary

The company's total expenses for Q1FY26 were minimal at Rs 0.01 lacs, significantly lower than the Rs 2.57 lacs reported in the corresponding quarter of the previous year. This reduction in expenses, coupled with the increase in other income, contributed to the improved bottom line. The paid-up equity share capital remained constant at Rs 280.00 lacs with a face value of Rs 1 per share.

Consolidated Results

The consolidated financial results, which include the company's subsidiary Shaurya Castings Pvt Ltd, reflected a similar performance trend. The consolidated profit for Q1FY26 stood at Rs 15.99 lacs, compared to a loss of Rs 2.57 lacs in Q1FY25. Total consolidated income was reported at Rs 16.00 lacs, with other income contributing the entire amount. The consolidated expenses for the quarter amounted to Rs 0.01 lacs.

The statutory auditors, G M C A & Co., Chartered Accountants, conducted a limited review of both standalone and consolidated financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors' report stated that nothing came to their attention that would cause them to believe the financial statements contained any material misstatement or failed to disclose required information. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.