Conart Engineers Limited Secures ₹30.38 Crore Construction Work Order in Gujarat

Conart Engineers Limited has secured a substantial construction work order worth ₹30.38 crores, marking a significant business development for the infrastructure company. The announcement represents a major milestone for the company in the construction and infrastructure development sector.

Project Details and Scope

The work order has been awarded by M/s. Powerstatic Solutions India Private Limited, Ahmedabad, for the construction of a new factory building and other related construction activities. The project will be executed at Sanand GIDC, District Ahmedabad, Gujarat, representing a domestic construction opportunity in one of Gujarat's prominent industrial areas.

Project Parameter:	Details
Client:	Powerstatic Solutions India Private Limited
Project Value:	₹30.38 crores
Location:	Sanand GIDC, Ahmedabad, Gujarat
Project Type:	New Factory Building Construction
Execution Timeline:	8 months from purchase order date

Contract Terms and Conditions

The construction project operates under standard construction industry practices, ensuring adherence to established protocols and quality standards. The contract value may vary depending on any changes in the final layout plan and additional work requirements that may arise during execution.

Key aspects of the work order include:

Nature of Work: Construction of new factory building and related infrastructure
Contract Type: Domestic construction project
Timeline: 8-month completion period from purchase order date
Terms: Standard construction industry practices apply

Regulatory Compliance and Disclosure

Conart Engineers Limited made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this contract does not involve any related party transactions, and there are no interests held by promoters, promoter groups, or group companies in the entity that awarded the order.

Compliance Aspect:	Status
Related Party Transaction:	Not Applicable
Promoter Interest:	No
Arms Length Transaction:	Not Applicable

This work order represents a significant addition to Conart Engineers Limited's project portfolio, reinforcing the company's position in the construction and infrastructure development sector. The project's location in Sanand GIDC, a key industrial hub in Gujarat, highlights the company's continued engagement in major industrial infrastructure development across India.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.57%	+4.40%	-7.69%	-24.11%	-39.46%	+527.42%

Conart Engineers Limited , a construction engineering company, has announced its unaudited financial results for the quarter ended September 30, 2025, showcasing a remarkable improvement in its financial performance.

Key Financial Highlights

Particulars (Rs. in lakh)	Q2 FY26	Q2 FY25	YoY Change
Total Income	1,664.03	1,061.83	+56.7%
Net Profit	129.19	16.75	+671.3%
EPS (Rs.)	2.06	0.53	+288.7%

The company reported a total income of Rs. 1,664.03 lakh for Q2 FY26, marking a significant increase of 56.7% compared to Rs. 1,061.83 lakh in the same quarter of the previous year.

Profitability Soars

Conart Engineers' net profit for the quarter stood at Rs. 129.19 lakh, representing an impressive 671.3% increase from Rs. 16.75 lakh in Q2 FY25. This substantial growth in profitability reflects the company's improved operational performance.

The Earnings Per Share (EPS) for Q2 FY26 rose to Rs. 2.06, up from Rs. 0.53 in the corresponding quarter of the previous year, showcasing a 288.7% increase.

Executive Compensation Adjustments

The company's board has approved changes to the executive compensation structure:

The managerial remuneration for Mr. Jimish Sura, Executive Director, has been increased effective November 1, 2025. The exact figures of the increase were not disclosed.
The compensation for Mr. Jitendra Sura, Managing Director, has been reduced from Rs. 2,40,000 to Rs. 1,20,000 (gross with perks), also effective from November 1, 2025.

Balance Sheet Strengthens

As of September 30, 2025, Conart Engineers reported total assets of Rs. 460.17 crore, up from Rs. 418.10 crore as of March 31, 2025. The company's equity position also improved, with total equity rising to Rs. 335.14 crore from Rs. 321.25 crore in the same period.

Cash Flow and Liquidity

The cash flow statement reveals that the company's cash and cash equivalents decreased from Rs. 58.19 crore at the beginning of the period to Rs. 33.16 crore by the end of September 2025.

Conclusion

Conart Engineers has demonstrated significant improvement in its financial performance for Q2 FY26, with notable increases in revenue and profitability. The company's balance sheet has strengthened, although there has been a reduction in cash reserves. The changes in executive compensation reflect ongoing adjustments in the company's management structure.