Srinibas Pradhan Constructions reported a consolidated net profit of ₹821.02 lakh for the financial year ended March 31, 2026, an increase of 24.62% from ₹658.84 lakh in the previous year. The company delivered strong profitability growth in the second half, with EBITDA and PAT margins expanding by 481 basis points and 346 basis points respectively. Total income for FY26 stood at ₹9,030.24 lakh, a marginal increase from ₹8,972.58 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial results on June 02, 2026.

Operational Performance

On a standalone basis, the company recorded a net profit of ₹229.90 lakh for FY26, down from ₹566.19 lakh in the previous year. Revenue from operations for the standalone entity decreased to ₹2,384.24 lakh from ₹6,034.71 lakh in FY25. The decline in standalone revenue was attributed to the consolidation of subsidiary operations and the timing of project recognition. For the half year ended March 31, 2026, standalone net profit was ₹341.80 lakh on revenue of ₹3,357.52 lakh.

Consolidated Financials

The consolidated results include the financials of subsidiary Srinibas Pradhan Infra Private Limited. The subsidiary contributed total assets of ₹2,848.75 lakh and revenue of ₹2,987.72 lakh for the year ended March 31, 2026. Consolidated revenue from operations for FY26 was ₹9,021.30 lakh, compared to ₹8,968.47 lakh in the prior year. Basic earnings per share (EPS) on a consolidated basis improved to ₹13.33 in FY26 from ₹11.34 in FY25.

Capital Structure and Fund Utilization

During the year, the company issued 17,13,600 equity shares with a face value of ₹10 each at a premium of ₹88 per share via an initial public offer (IPO). Additionally, it allotted 2,49,600 equity shares at a premium of ₹70 per share through private placement on July 11, 2025. The proceeds from the IPO, totaling ₹1,679.33 lakh, were utilized towards loan repayment, general corporate purposes, and working capital. As of March 31, 2026, ₹655.00 lakh allocated for working capital remained unutilized.

Balance Sheet and Cash Flows

The company's consolidated total assets stood at ₹8,038.25 lakh as of March 31, 2026, up from ₹5,575.72 lakh a year earlier. Cash and bank balances increased significantly to ₹713.97 lakh from ₹112.22 lakh. Net cash generated from financing activities was ₹1,350.51 lakh, driven primarily by the proceeds from equity issues. The company assessed the impact of new Labour Codes, recording an incremental gratuity expense of ₹4.21 lakh in employee benefit costs.

Srinibas Pradhan Constructions Limited has appointed M/s A Mukesh & Associates as its Internal Auditor for the financial year 2026–2027 and M/s Sugandha Garg & Associates as its Secretarial Auditor for the financial years 2025–2026 and 2026–2027. The Board approved these appointments during a meeting held on May 30, 2026, to strengthen the company's governance framework. The disclosures were made to the National Stock Exchange of India Ltd under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2025.

M/s A Mukesh & Associates, a firm of Practicing Chartered Accountants with Firm Registration Number (FRN) 330521E, brings over 23 years of experience in taxation, audit & assurance, advisory, and management consultancy. The firm serves unlisted companies, banks, individuals, and LLPs and is governed by the Chartered Accountants Act, 1949. The firm stated it is not connected or related to any of the directors of Srinibas Pradhan Constructions Limited.

M/s Sugandha Garg & Associates, a firm of Practicing Company Secretaries holding Peer Review No. 4928/2023, was appointed to oversee secretarial compliances. The firm possesses over a decade of experience in securities laws, due diligence, and compliance audits. It confirmed that it has no relationships with the company's directors. The appointment terms cover the ongoing financial year 2025–2026 and the subsequent financial year 2026–2027.

Appointment Details

The appointments follow the requirements of Regulation 30 of SEBI LODR and the relevant circular dated November 11, 2024. Surbhi Agrawal, Company Secretary cum Compliance Officer, signed the disclosure on behalf of Srinibas Pradhan Constructions Limited.