Sharika Enterprises Secures Rs 9.92 Lakh SCADA Integration Contract from Ircon International

Sharika Enterprises Limited , a company specializing in smart grid solutions, has recently secured a significant contract from Ircon International Limited, a Government of India Undertaking. The contract, valued at Rs 9.92 lakh, involves the supply, installation, testing, and commissioning of a SCADA (Supervisory Control and Data Acquisition) integration system.

Contract Details

Aspect	Details
Client	Ircon International Limited (Government of India Undertaking)
Contract Value	Rs 9,92,115
Scope of Work	Supply, Installation, Testing, and Commissioning of SCADA Integration System
Location	TCR Banihal
Purpose	Operation of existing switchyard of Tunnel T-80 on SCADA system

Project Significance

The SCADA integration system is set to be implemented at TCR Banihal for the operation of the existing switchyard of Tunnel T-80. This project highlights Sharika Enterprises' expertise in providing advanced technological solutions for infrastructure projects.

Company Disclosure

As per the regulatory requirements, Sharika Enterprises has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the contract involves domestic operations and that there is no interest from the promoter group in the entity awarding the contract.

This new order reinforces Sharika Enterprises' position in the smart grid solutions sector and demonstrates its capability to secure contracts from government entities. The successful execution of this project could potentially lead to more opportunities in the infrastructure development space, particularly in the implementation of advanced control and monitoring systems.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.49%	-1.55%	-5.75%	-32.18%	-16.03%	+66.23%

Sharika Enterprises Limited , an engineering, procurement, and construction company, has reported a deterioration in its financial performance for the quarter ended September 30, 2025. The company's latest financial results, approved by its Board of Directors on November 14, 2025, reveal significant challenges in both revenue generation and profitability.

Financial Performance Highlights

Metric	Q2 FY26	Q2 FY25	Change
Net Loss	₹273.60	₹194.21	40.9% increase
Revenue from Operations	₹2,062.02	₹2,448.48	15.8% decrease
Basic Earnings Per Share	₹(0.89)	₹(0.64)	39.1% decline

Key Takeaways

Widening Losses: Sharika Enterprises' net loss expanded by 40.9% year-over-year, reaching ₹273.60 lakhs in Q2 FY26 compared to ₹194.21 lakhs in the same period last year.
Revenue Decline: The company experienced a significant drop in revenue from operations, which fell by 15.8% to ₹2,062.02 lakhs from ₹2,448.48 lakhs in the previous year.
Earnings Per Share: The basic earnings per share (EPS) deteriorated to ₹(0.89) from ₹(0.64), reflecting the impact of increased losses on shareholder value.
Consolidated Impact: The financial performance deterioration was observed across both standalone and consolidated results, indicating widespread challenges in the company's operations.

Corporate Governance

The un-audited financial results for Q2 FY26 were reviewed by the Audit Committee and subsequently approved by the Board of Directors. This process, along with the timely disclosure to the BSE Limited, demonstrates Sharika Enterprises' commitment to regulatory compliance and transparency.

Outlook

The significant increase in losses and decrease in revenue suggest that Sharika Enterprises is facing challenges in its operating environment. As the engineering, procurement, and construction sector often experiences cyclical trends and project-based revenue patterns, investors and stakeholders may need to closely monitor the company's future announcements for any strategic initiatives or market factors that could influence its financial trajectory.