Shashijit Infraprojects Resubmits Q3FY26 Financial Results with Enhanced Clarity

2 min read     Updated on 06 Mar 2026, 03:44 PM
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Overview

Shashijit Infraprojects Limited resubmitted its Q3FY26 financial results on March 6, 2026, with improved clarity after BSE raised visibility concerns about the original submission. The company reported a quarterly net loss of INR 11,022 hundreds but demonstrated remarkable nine-month performance with net profit of INR 12,813 hundreds, representing a significant turnaround from the previous year's loss of INR 1,32,531 hundreds.

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Shashijit Infraprojects Limited has resubmitted its unaudited financial results for the quarter and nine months ended December 31, 2025, with improved clarity following a query from BSE Limited. The resubmission was made on March 6, 2026, after the exchange raised concerns about the visibility of figures in the original results document submitted on February 13, 2026.

Financial Performance Overview

The company reported mixed financial performance for the quarter ended December 31, 2025. While revenue from operations declined year-on-year, the quarterly loss narrowed significantly compared to the previous year.

Financial Metric: Q3 FY26 Q3 FY25 Change
Revenue from Operations: INR 3,94,559 hundreds INR 5,02,191 hundreds -21.4%
Other Income: INR 33,694 hundreds INR 207 hundreds +16,178%
Total Revenue: INR 4,28,253 hundreds INR 5,02,398 hundreds -14.8%
Net Loss: INR 11,022 hundreds INR 93,906 hundreds 88.3% improvement

Nine-Month Performance Turnaround

For the nine-month period ended December 31, 2025, the company demonstrated a remarkable turnaround in profitability. The year-to-date results showed significant improvement across key financial metrics.

Parameter: 9M FY26 9M FY25 Change
Revenue from Operations: INR 16,79,254 hundreds INR 17,39,244 hundreds -3.4%
Net Profit/(Loss): INR 12,813 hundreds INR (1,32,531) hundreds Positive turnaround
Earnings Per Share: INR 0.018 INR (0.26) Positive turnaround

Operational Highlights

The company's operational performance showed mixed trends during the quarter. Key expense categories reflected the following changes:

Expense Category: Q3 FY26 Q3 FY25 Change
Cost of Material Consumed: INR 2,42,243 hundreds INR 2,38,403 hundreds +1.6%
Employee Benefits Expenses: INR 40,927 hundreds INR 49,487 hundreds -17.3%
Finance Costs: INR 18,997 hundreds INR 26,957 hundreds -29.5%
Other Expenses: INR 2,10,134 hundreds INR 2,42,289 hundreds -13.3%

Regulatory Compliance and Transparency

The resubmission was undertaken purely for enhanced clarity and legibility of financial figures, with no changes to the actual financial data. The company emphasized that the financial results remain identical to those originally submitted on February 13, 2026. The results have been reviewed by Kakaria and Associates LLP, the company's statutory auditors, and approved by the Board of Directors in their meeting held on February 13, 2026. The Board meeting commenced at 05:00 PM and concluded at 06:20 PM on Thursday, February 13, 2026.

Company Profile and Operations

Shashijit Infraprojects Limited operates in the construction and engineering sector with related activities. The ISO 9001:2015 certified company focuses exclusively on the Indian market, which constitutes a single geographical segment. The company maintains no subsidiaries, associates, or joint ventures, operating as a standalone entity. The paid-up equity share capital stands at INR 14,53,440 hundreds with a face value of INR 2.00 per share. No investor complaints were received or pending as of December 31, 2025.

Historical Stock Returns for Shashijit Infraprojects

1 Day5 Days1 Month6 Months1 Year5 Years
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Shashijit Infraprojects Receives GST Order Demanding ₹25.88 Crores for Input Tax Credit Reversal

1 min read     Updated on 31 Dec 2025, 04:30 PM
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Reviewed by
Riya DScanX News Team
Overview

Shashijit Infraprojects Limited received a GST order demanding ₹12.93 crores ITC reversal plus equal penalty for allegedly availing credit from suppliers with cancelled GST registrations during FY 2019-20. The total financial impact exceeds ₹25.87 crores including interest, and the company plans to file an appeal under Section 107 of the CGST Act, 2017.

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Shashijit Infraprojects Limited has disclosed receiving a significant GST order from tax authorities, demanding reversal of Input Tax Credit and imposing penalties totaling over ₹25.00 crores. The company made this disclosure under Regulation 30 of the SEBI Listing Regulations on December 31, 2025.

GST Order Details

The company received Order No. 04/GST/DIV-X/R-I/SUPDT/VS/2025-26 dated December 30, 2025, from the Superintendent, CGST & Central Excise, Range-I, Division-X, Daman Commissionerate. The order confirms demand towards reversal of Input Tax Credit amounting to ₹12.93 crores along with an equal penalty amount under Section 74 of the CGST Act, 2017.

Component: Amount (₹)
ITC Reversal Demand: 12,93,856
Penalty: 12,93,856
Interest: As applicable under Section 50
Total Impact: 25,87,712 + Interest

Nature of Alleged Violation

According to the GST order, the company allegedly wrongly availed Input Tax Credit aggregating to ₹12.93 crores during FY 2019-20 from suppliers whose GST registrations were cancelled retrospectively. The detailed breakdown of the disputed ITC includes:

Tax Component: Amount (₹)
IGST: 1,77,366
CGST: 5,58,245
UTGST: 5,58,245
Total ITC: 12,93,856

The authorities allege this contravenes Section 16(2) of the CGST Act, 2017, making the company liable for recovery of ITC along with interest and penalty under applicable provisions.

Company's Response Strategy

Based on internal assessment, Shashijit Infraprojects is planning to file an appeal before the appropriate appellate authority under Section 107 of the CGST Act, 2017. The company has indicated it will challenge the order through proper legal channels available under the GST framework.

Regulatory Compliance

The disclosure was made in compliance with SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has also made this information available on its website at www.shashijitinfraprojects.com , ensuring transparency with stakeholders regarding this significant regulatory development.

Historical Stock Returns for Shashijit Infraprojects

1 Day5 Days1 Month6 Months1 Year5 Years
+2.89%-5.88%+0.95%-45.39%-46.67%-88.85%
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1 Year Returns:-46.67%