Twamev Construction Reports Q2 Results, Faces Penalty for Delayed Annual Report
Twamev Construction & Infrastructure Limited announced its Q2 FY2026 results with a consolidated turnover of ₹2,545.00 lakh and net profit before tax of ₹539.00 lakh. The company's EPS stood at ₹0.35. The balance sheet shows total assets of ₹58,812.00 lakh and a net worth of ₹46,093.00 lakh. The company faced penalties for delayed annual report submission and auditor's observations highlighted several financial concerns, including unresolved issues with subsidiaries and pending arbitration claims.
*this image is generated using AI for illustrative purposes only.
Twamev Construction & Infrastructure Limited (formerly Tantia Constructions Limited) has announced its financial results for the quarter and half-year ended September 30, 2025, along with other significant updates from its recent board meeting.
Financial Performance
The company reported a consolidated turnover of ₹2,545.00 lakh for the period under review. The net profit before tax stood at ₹539.00 lakh, resulting in an Earnings Per Share (EPS) of ₹0.35.
Balance Sheet Highlights
As of September 30, 2025, Twamev Construction's financial position shows:
| Particulars | Amount (₹ in lakh) |
|---|---|
| Total Assets | 58,812.00 |
| Total Liabilities | 12,720.00 |
| Net Worth | 46,093.00 |
Penalty for Delayed Annual Report
The board acknowledged that stock exchanges imposed a monetary penalty on the company for the delayed submission of the Annual Report for the Financial Year 2024-25. The company has since submitted the report and paid the penalty. Management has taken steps to ensure timely compliance with future regulatory filings.
Auditor's Observations
The auditor's review report highlighted several matters:
The company is in the process of making a full and final settlement of the resolution plan amount of ₹2,100.00 lakh, subject to account upgradation status from NPA, as per the NCLT Kolkata order dated July 14, 2025.
No provisions were made for gratuity and leave encashment in line with Ind-AS 19, potentially understating the profit for the quarter.
Unaccounted rental income of ₹8.00 lakh for the quarter from an RMC Plant in Guwahati.
The revenue from operations of ₹2,411.00 lakh includes ₹438.00 lakh of unbilled revenue for the half-year ended September 30, 2025.
Trade receivables and other financial assets include significant amounts receivable on account of arbitration awards.
Subsidiary Concerns
The auditor's report also noted issues with the company's subsidiaries:
Tantia Infrastructure (P) Ltd (TIPL): A loan of ₹543.83 lakh given to a Non-banking Finance Company has not accrued any interest income.
Tantia Raxaultollway Private Limited (TRPL): The company's only project has been abandoned, with a pending arbitration claim of ₹98,618.00 lakh against the National Highway Authority of India (NHAI). NHAI has taken control of the project assets.
The management stated that they are in the process of taking control of these subsidiaries, which are currently managed by the erstwhile promoters.
Twamev Construction's board meeting, which approved these results, commenced at 2:00 PM and concluded at 8:15 PM on November 12, 2025.
Investors and stakeholders should note that while the company shows signs of financial recovery, there are significant challenges and unresolved issues, particularly with its subsidiaries, that may impact future performance.
Historical Stock Returns for Twamev Construction & Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.51% | -7.49% | -1.10% | -14.19% | -22.03% | -10.12% |
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