Shantidoot Infra Services reported a 49% year-on-year increase in revenue for FY26, reaching ₹4,501.8 lakh. Despite the top-line growth, net profit after tax fell 73% to ₹143.55 lakh as rising project and operational expenses outpaced income growth.

The company held its Board of Directors meeting on September 4, 2026, approving the convening of its 7th Annual General Meeting (AGM) on September 29, 2026. The board also accepted the resignation of Non-Executive Director Mr. Navin Kumar, effective August 31, 2025, citing personal reasons.

Financial Performance

Revenue from operations rose from ₹3,018.89 lakh in FY25 to ₹4,501.81 lakh in FY26. This growth was driven by higher execution of construction contract work, which increased by approximately 49% to ₹4,493.16 lakh. EBITDA stood at ₹1.97 crore with a margin of 9.1%.

However, total expenses surged 86% to ₹4,306.42 lakh from ₹2,309.91 lakh in the previous year. Key cost drivers included:

• Cost of materials consumed rose 97% to ₹4,020.69 lakh.
• Changes in inventories increased significantly to ₹494.64 lakh, reflecting work-in-progress movements.
• Depreciation and amortization jumped to ₹208.44 lakh from ₹19.68 lakh.

The decline in profitability was primarily attributable to increased project-related expenditures for ongoing developments, including the Gautam Medical College & Hospital in Ranchi Smart City. Reserves increased to ₹1,044.84 lakh as of March 31, 2026, from ₹901.29 lakh in the prior year.

Board and Committee Changes

Following Mr. Kumar’s exit, the board reconstituted key committees effective September 4, 2026:

• Audit Committee: Chairman Mamta Sinha (Independent); Members Uday Goswami (Independent) and Brajesh Vyas (Non-Executive).
• Nomination and Compensation Committee: Same composition as the Audit Committee.
• Stakeholder's Relationship Committee: Chairman Brajesh Vyas; Members Uday Goswami and Mamta Sinha.

Mr. Brajesh Vyas was appointed as an Additional Non-Executive Director, subject to shareholder approval at the AGM. Mr. Tirpunari Lal’s designation changed from Executive Director to Non-Executive Director.

Leadership Re-appointment

The board recommended the re-appointment of Mr. Avijeet Kumar as Managing Director for a five-year term from March 24, 2027, to March 24, 2032. This requires shareholder approval via a Special Resolution at the AGM. Mr. Kumar brings over 30 years of experience in civil works and strategic management.

Compliance and Audits

The board approved the Audited Financial Statements for FY25-26 and appointed S. Sinha & Associates as Secretarial Auditor for FY26-27. Other approvals included the appointment of Arvind Arpan & Associates as Internal Auditor and the adoption of the Remuneration Policy for Non-Executive Directors.

What the Numbers Show

While revenue growth demonstrates successful project execution scaling, the disproportionate rise in expenses—particularly material costs and inventory changes—indicates that current projects are in capital-intensive phases. The sharp decline in net profit margins highlights the pressure on profitability during active construction cycles before revenue recognition fully catches up with incurred costs.

Shantidoot Infra Services Limited has released its audited financial results for the year ended March 31, 2026. The company reported a revenue from operations of ₹4,501.81 lakh for the fiscal year, up from ₹3,018.89 lakh in the previous year. Total income for the year stood at ₹4,503.68 lakh.

The company recorded a net profit of ₹143.55 lakh for the year ended March 31, 2026. In the previous year, the net profit was ₹531.23 lakh. The earnings per equity share (basic and diluted) were reported at ₹7.98 for FY26, compared to ₹29.55 in the prior year.

Financial Performance

The statement of profit and loss highlights the following key figures for the year ended March 31, 2026:

Board Decisions and Appointments

The Board of Directors, in its meeting held on May 23, 2026, approved the audited financial statements for the year ended March 31, 2026. The board also noted the resignation of Mr. Avijeet Kumar from the position of Chief Financial Officer (CFO) effective May 14, 2026. Mr. Kumar will continue to serve as the Managing Director of the company.

Consequently, the board appointed Mr. Anit Kumar Roy as the new Chief Financial Officer and Key Managerial Personnel (KMP) effective May 23, 2026. Mr. Roy brings over 17 years of experience in corporate finance and regulatory compliance.

Capital Structure Changes

The board approved a change in the Clause V of the Memorandum of Association to increase the authorized share capital. The capital has been increased from ₹3 crore to ₹13 crore. This move aims to strengthen the company's financial base for future operations.