Purohit Construction Reports Q1 Loss, Appoints New Auditors
Purohit Construction Limited reported a net loss of Rs. 9.98 lakhs for Q1 FY2025-26, compared to a profit of Rs. 1.92 lakhs in the previous quarter. Revenue remained flat at Rs. 12.00 lakhs. The company appointed M/s. B N P S AND ASSOCIATES LLP as new Statutory Auditors, replacing M/s. NARESH J PATEL & CO. The new auditors will serve until the 34th Annual General Meeting.
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Purohit Construction Limited has reported a net loss for the quarter ended June 30, 2025, and announced the appointment of new statutory auditors. The company's Board of Directors approved the unaudited standalone financial results at their meeting held on August 14, 2025.
Financial Performance
Purohit Construction reported a net loss of Rs. 9.98 lakhs for the quarter ended June 30, 2025, compared to a profit of Rs. 1.92 lakhs in the previous quarter. The company's revenue from operations remained flat at Rs. 12.00 lakhs.
Key financial highlights for Q1 FY2025-26:
| Particulars (in Rs. lakhs) | Q1 FY2025-26 | Q4 FY2024-25 | Change |
|---|---|---|---|
| Revenue from Operations | 12.00 | 12.00 | 0.00% |
| Total Income | 12.03 | 12.03 | 0.00% |
| Total Expenses | 9.81 | 10.47 | -6.30% |
| Net Profit/(Loss) | -9.98 | 1.92 | N/A |
| EPS (Basic & Diluted) | -0.23 | 0.04 | N/A |
The company's total expenses decreased to Rs. 9.81 lakhs from Rs. 10.47 lakhs in the previous quarter. However, this reduction in expenses was not sufficient to offset the impact on the bottom line.
Appointment of New Auditors
In a significant development, Purohit Construction's Board of Directors has appointed M/s. B N P S AND ASSOCIATES LLP, Chartered Accountants (Firm Registration No. 008127S/S200013) as the new Statutory Auditors of the company. This appointment comes following the resignation of the previous auditors, M/s. NARESH J PATEL & CO., Chartered Accountants.
The new auditors will fill the casual vacancy arising from the resignation of the existing Statutory Auditors. Their appointment is effective from August 14, 2025, and they will hold office until the conclusion of the 34th Annual General Meeting (AGM) of the company.
About the New Auditors
M/s. B N P S AND ASSOCIATES LLP is a chartered accountancy firm established in 1998 and registered with the Institute of Chartered Accountants of India. The firm has its head office in Raichur, Karnataka, with branches in Ahmedabad and Rajkot, Gujarat. They possess a valid peer review certificate and primarily engage in providing audit and assurance services to clients.
Other Key Points
- The company's cash and cash equivalents stood at Rs. 1.00 lakh as of June 30, 2025, compared to Rs. 5.01 lakhs at the end of the previous quarter.
- Purohit Construction's total assets were reported at Rs. 207.87 lakhs, with total equity of Rs. 164.49 lakhs.
- The company operates primarily in the real estate development sector and does not report segment-wise information as it operates in a single business geography.
The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 and have undergone a limited review by the statutory auditors as required by SEBI regulations.
Investors and stakeholders can access the detailed financial results on the company's website and the BSE website.
Historical Stock Returns for Purohit Construction
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -4.98% | -4.98% | -23.92% | -13.47% | +80.53% |
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