Shah Construction narrows net loss in FY26 as revenue rises
Shah Construction Company Limited narrowed its net loss to ₹175.36 lakh in FY26 from ₹269.07 lakh in FY25, supported by a 41.2% increase in revenue from operations to ₹524.39 lakh. The Board approved the audited financial results and reappointed Mr. Hitesh Popatlal Sangoi as an Independent Director for a five-year term. No dividend was recommended for the financial year.

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Shah Construction narrowed its net loss to ₹175.36 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹269.07 lakh in the previous year. Revenue from operations for FY26 rose to ₹524.39 lakh, up from ₹371.30 lakh in FY25. The company reported a basic and diluted earnings per share of (₹110.16) for the year, an improvement from (₹166.37) in the prior year.
The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. M/s. Mittal & Associates, Statutory Auditors, issued an audit report with an unmodified opinion on the standalone financial results. The Board also approved the reappointment of Mr. Hitesh Popatlal Sangoi as a Non-Executive Independent Director for a second term of five years, effective from the conclusion of the upcoming Annual General Meeting until the AGM for the financial year ending March 31, 2030.
For the quarter ended March 31, 2026, the company reported a net loss of ₹32.12 lakh, compared to a net loss of ₹11.62 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹145.37 lakh, higher than the ₹103.59 lakh recorded in the corresponding period of the previous year. Total income for the quarter increased to ₹216.95 lakh from ₹186.59 lakh.
Financial Results for FY26
| Particulars | Year Ended 31/03/2026 (₹ in Lakhs) | Year Ended 31/03/2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 524.39 | 371.30 |
| Total Income | 771.73 | 613.87 |
| Total Expenses | 953.42 | 880.01 |
| Profit for the Year | (175.36) | (269.07) |
| Earnings Per Share (Basic and Diluted) | (110.16) | (166.37) |
The Board of Directors did not recommend any dividend for the financial year ended March 31, 2026. The company’s cash and cash equivalents as of March 31, 2026, stood at ₹248.11 lakh, a significant increase from ₹21.92 lakh in the previous year. Total borrowings, including non-current and current liabilities, amounted to ₹11,700.01 lakh as of March 31, 2026.
Historical Stock Returns for Shah Construction
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +5.00% |
What strategic initiatives will Shah Construction implement to translate the 41% revenue growth into net profitability?
How does the company plan to manage its significant total borrowings of ₹11,700.01 lakh relative to its improved cash reserves?
Will the increased cash and cash equivalents be allocated towards debt repayment or capital expenditure for future projects?






























