News Earnings C&C Constructions Limited Reports Q3 FY26 Profit of ₹24.42 Million Following AcquisitionC&C Constructions Limited Reports Q3 FY26 Profit of ₹24.42 Million Following Acquisition
C&C Constructions Limited reported a profit of ₹24.42 million for Q3 FY26, marking a turnaround from the previous quarter's loss of ₹40.43 million. The company was acquired by R K Constructions for ₹104.00 Crores under IBC liquidation process on December 27, 2024. The Board approved investment in subsidiary CTDL and reconstituted key committees. Financial results are based on limited information from the liquidator with formal liquidation closure still pending before NCLT.
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C&C Constructions Limited announced its unaudited financial results for the quarter ended December 31, 2025, marking a significant operational turnaround following its acquisition under the Insolvency and Bankruptcy Code (IBC) liquidation process. The company reported a profit of ₹24.42 million for Q3 FY26, representing a substantial improvement from the loss of ₹40.43 million recorded in the previous quarter.
Financial Performance Overview
The company's quarterly performance showed notable improvements across key metrics:
| Parameter: | Q3 FY26 | Q2 FY26 | Change |
|---|---|---|---|
| Total Income: | ₹51.49 million | ₹2.85 million | +1,706% |
| Total Expenses: | ₹27.07 million | ₹43.28 million | -37.5% |
| Profit Before Tax: | ₹24.42 million | ₹(40.43) million | Positive turnaround |
| Net Profit: | ₹24.42 million | ₹(40.43) million | Positive turnaround |
| Basic EPS: | ₹0.96 | ₹(1.59) | Positive turnaround |
For the nine months ended December 31, 2025, the company reported a net loss of ₹17.47 million on total income of ₹89.33 million. The paid-up equity share capital remained stable at ₹254.45 million with a face value of ₹10 per share.
Acquisition Under IBC Process
The company was acquired as a going concern by R K Constructions for ₹104.00 Crores on December 27, 2024, following the liquidation order passed by the National Company Law Tribunal on October 7, 2022. The Corporate Insolvency Resolution Process was initially initiated on February 14, 2019, after a petition filed by ICICI Bank Limited.
Prior to the company's sale, the liquidator had sold all investments in subsidiaries, associates, joint ventures and other investments for ₹31.00 Crores on August 6, 2024. The new management has filed an application with NCLT seeking various reliefs, concessions, and clarifications related to the ongoing liquidation process.
Board Decisions and Corporate Actions
The Board of Directors, in its meeting held on February 9, 2026, approved several key decisions:
Investment Approval:
- Investment in equity shares of Ceigall Transmission and Distribution Limited (CTDL), a wholly-owned subsidiary
- CTDL operates in the Power Transmission & Distribution industry with authorized share capital of ₹1,00,000
Committee Reconstitution:
| Committee: | Chairperson | Members |
|---|---|---|
| Nomination & Remuneration: | Ms. Gurpreet Kaur (Independent Director) | Mr. Arun Goyal, Mr. Mannohan Sibbal |
| Stakeholders Relationship: | Mrs. Avneet Luthra (Non-Executive Director) | Ms. Gurpreet Kaur, Mr. Pawan Kumar |
Policy Approvals:
- Related Party Policy
- Determination of Materiality of Event or Information Policy
Operational Challenges and Limitations
The financial results are prepared based on limited information available from the liquidator, as the new management has access to only preliminary financial records. The company faces several ongoing challenges:
- Formal closure of liquidation process remains pending
- Complete documentation from the liquidator is still awaited
- Pending legal matters including Income Tax notices for financial years 2012-13 to 2016-17
- Employee Provident Fund damages aggregating ₹0.96 Crores for periods 2013-2016 and 2014-2017
The auditors have emphasized that future developments from NCLT proceedings or additional information from the liquidator may necessitate revisions to the financial statements. Under Section 53 of the IBC, no additional liabilities have been recognized for obligations incurred before the sale certificate issuance.
Consolidated Results
The consolidated financial results, including wholly-owned subsidiary Ceigall Integrated Energy Limited, showed similar trends with a profit of ₹24.40 million for Q3 FY26 compared to a loss of ₹40.43 million in the previous quarter. The subsidiary reported minimal activity with no revenue and a net loss of ₹0.01 million for the quarter.
Source: C&C Constructions Limited
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