Popular Foundations Limited, a prominent player in the Indian construction sector, has announced its unaudited financial results for the half-year ended September 30, 2025, along with a significant change in its leadership team.

Financial Performance

The company reported a revenue from operations of Rs 3,400.91 lakhs for the quarter and Rs 6,867.08 lakhs for the half-year ended September 30, 2025. The net profit after tax stood at Rs 92.13 lakhs for the quarter and Rs 646.33 lakhs for the half-year.

Here's a breakdown of the key financial metrics:

Leadership Change

In a significant development, Mr. N Chellappa, the Chief Financial Officer (CFO) of Popular Foundations Limited, has tendered his resignation. Mr. Chellappa plans to pursue opportunities outside the company and will be relieved from his duties effective November 15, 2025.

IPO Proceeds Utilization

The company's board has confirmed that there were no deviations in the utilization of IPO proceeds during the reporting period. As of September 30, 2025, Rs 3.72 lakhs remained unutilized in the escrow account. The company plans to utilize this amount in the current half-year.

Financial Position

As of September 30, 2025, Popular Foundations Limited reported:

• Total assets of Rs 7,285.77 lakhs
• Shareholders' funds of Rs 4,361.62 lakhs
• Current liabilities of Rs 2,584.84 lakhs

The company's cash and cash equivalents stood at Rs 58.41 lakhs, showing an improvement from Rs 41.93 lakhs at the end of the previous financial year.

Market Performance

Popular Foundations Limited continues to maintain investor interest. The company's performance in the construction sector, coupled with its transparent financial reporting, may influence its market position in the coming months.

Investors and stakeholders are advised to closely monitor the company's future announcements, particularly regarding the appointment of a new CFO and the complete utilization of IPO proceeds.

Popular Foundations Limited , a prominent player in the construction industry, has announced a significant new project that promises to bolster its order book. The company has secured a substantial contract worth ₹21.48 crores for the construction of a tech park, marking a positive development in its business operations.

Contract Details

Popular Foundations Limited received the work order from Voora Shreeram Construction Private Limited on September 11, 2025, at 16:15 hours. The project, named 'Voora Tech Edge', is a domestic construction venture that showcases the company's capabilities in the commercial real estate sector.

Project Scope and Timeline

The contract entails the construction of Tech Park - Voora Tech Edge, a project that underscores the ongoing demand for modern office spaces in India's thriving technology sector. Popular Foundations Limited has been given a timeline of 13 months from the work order date to complete the project, highlighting the efficiency expected in the execution of this significant undertaking.

Financial Implications

The ₹21.48 crore contract represents a substantial addition to Popular Foundations Limited's project portfolio. This new order is likely to have a positive impact on the company's revenue stream for the coming fiscal year, given the project's size and duration.

Corporate Governance and Transparency

In compliance with regulatory requirements, Popular Foundations Limited has confirmed that the contract does not fall under related party transactions. The company has explicitly stated that neither its promoters nor any group companies have any interest in Voora Shreeram Construction Private Limited, the entity awarding the contract. This disclosure aligns with the company's commitment to transparency and good corporate governance practices.

Market Implications

The securing of this contract may be viewed positively by investors and market analysts, as it demonstrates Popular Foundations Limited's ability to win significant projects in the competitive construction industry. The tech park project also aligns with the broader trend of infrastructure development supporting India's growing IT and technology sectors.

Conclusion

As Popular Foundations Limited embarks on this new project, stakeholders will likely keep a close eye on its execution and timely completion. The successful delivery of the Voora Tech Edge project could potentially strengthen the company's position in the construction market and pave the way for similar high-value contracts in the future.