Prajay Engineers Syndicate Limited reported a consolidated net loss of ₹1,874.82 lakh for the financial year ended March 31, 2026, narrowing from a net loss of ₹2,996.05 lakh in the previous year. The board of directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 25, 2026. The statutory auditors, Karumanchi & Associates, issued an unmodified opinion on the financial statements.

Financial Performance

The company reported a total income from operations of ₹3,842.64 lakh for the current financial year, down from ₹5,745.54 lakh in the previous year. Total expenses for the year stood at ₹6,448.00 lakh, compared to ₹8,991.28 lakh in FY25. On a standalone basis, the company reported a net loss of ₹1,805.59 lakh for the year ended March 31, 2026, against a net loss of ₹1,930.16 lakh in the corresponding period of the previous year.

Key Financial Figures (Consolidated)

Operational Highlights

The company operates through two primary segments: Construction and Development, and Hospitality (Hotels and Resorts). For the financial year ended March 31, 2026, the Construction and Development segment reported revenue of ₹2,630.14 lakh, while the Hospitality segment reported revenue of ₹1,212.50 lakh. Segment results for Construction and Development were a loss of ₹2,151.19 lakh, while the Hospitality segment reported a loss of ₹208.89 lakh.

Auditor's Emphasis of Matter

The auditors drew attention to several matters in their report. A settlement agreement has been executed regarding disputes with investor entities Whitestock Limited and Belclare Limited, and the cases before the National Company Law Tribunal (NCLT), Hyderabad, have been disposed of. Additionally, arbitration proceedings are in progress regarding a dispute with the Government of Telangana concerning a lease and construction management agreement. The auditors also noted trade receivables of ₹4,412.34 lakh outstanding, for which they were unable to comment on realization due to a lack of confirmation from concerned parties.

Prajay Engineers Syndicate Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating a notable improvement in financial performance compared to the corresponding period last year. The company reported total income of ₹6,855.69 lakhs for Q3 FY26, representing growth from ₹5,975.83 lakhs recorded in Q3 FY25.

Financial Performance Overview

The company achieved a significant turnaround in profitability during the quarter. Net profit after tax stood at ₹469.91 lakhs for Q3 FY26, marking a substantial improvement from the net loss of ₹876.55 lakhs reported in the same quarter of the previous fiscal year.

Earnings Per Share and Capital Structure

The company's earnings per share improved significantly to ₹7.83 for Q3 FY26 compared to negative ₹14.61 in Q3 FY25. The paid-up equity share capital remained stable at ₹60.00 lakhs with shares of face value ₹1 each. However, the company's net worth stood at negative ₹4,687.89 lakhs as of December 31, 2025, compared to negative ₹1,950.41 lakhs in the previous year.

Quarterly Performance Analysis

The detailed quarterly results show mixed performance across different periods. For the standalone operations during Q3 FY26, the company reported total income from operations of ₹781.55 lakhs, though it recorded a net loss after tax of ₹154.27 lakhs for the quarter. The consolidated figures showed total income from operations of ₹991.64 lakhs with a net loss after tax of ₹101.65 lakhs.

Board Approval and Compliance

The financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 11, 2026. The results have been published in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company published advertisements in Business Standard (English) and Praja Sakthi (Telugu) newspapers on February 13, 2026, as part of its regulatory compliance requirements. The detailed financial results are available on the company's website at www.prajayengineers.com and on stock exchange websites including BSE and NSE.

Company Information

Prajay Engineers Syndicate Limited, incorporated in 1994, operates from its registered office in Hyderabad, Telangana. The company is engaged in engineering and construction activities and is listed on major stock exchanges with BSE code 531746 and NSE symbol PRAENG.