Square Four Projects FY26 net profit falls 56% to ₹9.73 lakh
Square Four Projects India Limited reported a 56.3% decline in net profit to ₹9.73 lakh for FY26, with total income decreasing to ₹38.43 lakh. The statutory auditor issued a qualified opinion due to the lack of fair valuation for investments amounting to ₹39.80 lakh. On a consolidated basis, the company reported a net loss of ₹28.21 lakh for the year.
*this image is generated using AI for illustrative purposes only.
Square Four Projects India Limited reported a 56.3% decline in net profit to ₹9.73 lakh for the financial year ended March 31, 2026, compared to ₹22.24 lakh in the previous year. The company's total income decreased to ₹38.43 lakh from ₹52.29 lakh in FY25, primarily driven by a reduction in other income. For the quarter ended March 31, 2026, the company recorded a net loss of ₹1.16 lakh, contrasting with a profit of ₹3.56 lakh in the preceding quarter.
The Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, at a meeting held on May 27, 2026. The filing was submitted to the Bombay Stock Exchange pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Auditor's Qualified Opinion
P A R V & Associates, the statutory auditor, issued a qualified opinion on the standalone financial results. The report highlighted that the company did not carry out the fair valuation of certain investments amounting to ₹39.80 lakh as required under Ind AS 109 and Ind AS 113. Consequently, the auditor stated they were unable to determine the impact of this omission on the carrying value of investments, other comprehensive income, and profit or loss for the period.
Financial Performance
The company's expenses for the year increased to ₹25.28 lakh from ₹22.98 lakh in the prior year. Employee benefit expenses rose to ₹5.59 lakh from ₹5.30 lakh, while other expenses increased to ₹19.99 lakh from ₹17.68 lakh. Profit before tax for the year stood at ₹13.15 lakh, a significant decrease from ₹29.31 lakh in FY25.
| Metric | FY26 (₹ Lakh) | FY25 (₹ Lakh) | Change (%) |
|---|---|---|---|
| Total Income | 38.43 | 52.29 | -26.5% |
| Total Expenses | 25.28 | 22.98 | 10.0% |
| Profit Before Tax | 13.15 | 29.31 | -55.1% |
| Net Profit | 9.73 | 22.24 | -56.3% |
| Earnings Per Share (Basic) | 0.05 | 0.11 | -54.5% |
Consolidated Results
On a consolidated basis, which includes subsidiary BRC Construction Company Private Limited, the company reported a net loss of ₹28.21 lakh for FY26, compared to a net loss of ₹7.78 lakh in the previous year. Total consolidated income fell to ₹1.36 lakh from ₹23.61 lakh. The auditor also issued a qualified opinion for the consolidated results, citing the lack of fair valuation for investments amounting to ₹39.50 lakh.
Historical Stock Returns for Square Four Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.53% | +5.45% | +13.04% | -6.09% | -8.91% | +52.43% |
What specific steps will management take to address the auditor's qualified opinion regarding the fair valuation of investments?
How does the company plan to reverse the trend of declining total income and rising expenses in the upcoming fiscal year?
What strategic initiatives are being considered to improve the consolidated performance of subsidiary BRC Construction Company Private Limited?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
