Madhucon Projects
3.74
-0.11(-2.86%)
Market Cap₹28.40 Cr
PE Ratio-0.06
IndustryConstruction
Company Performance:
1D-2.86%
1M-20.93%
6M-53.25%
1Y-36.82%
5Y-28.76%
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More news about Madhucon Projects
08Nov 25
Madhucon Projects Reports Q2 Profit Amid Auditor Concerns and Subsidiary Challenges
Madhucon Projects Limited posted a standalone profit of ₹469.40 lakh in Q2, up from a loss of ₹240.13 lakh year-over-year, despite revenue declining to ₹10,765.01 lakh. Auditors raised concerns about ₹53,408.43 lakh in subsidiary investments. The company wrote off ₹7,637.67 lakh in Madhucon Infra Limited and ₹738.01 lakh in Madurai Tuticorin Expressways Limited. Several step-down subsidiaries are under insolvency proceedings. The Enforcement Directorate attached ₹176.86 crore of Madhucon Group properties. Consolidated results show a loss of ₹13,067.23 lakh, with revenue at ₹12,939.79 lakh.
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09Aug 25
Madhucon Projects Reports Profit, Appoints New Directors Amid Ongoing Challenges
Madhucon Projects Limited reported a profit of ₹14.02 lakhs for Q2, reversing a loss from the previous year. The company made significant board changes, including new director appointments and a resignation. However, auditors raised concerns about investment valuations, loan defaults, and unpaid dues. The company faces legal challenges, including property attachments by the Enforcement Directorate and insolvency proceedings for some subsidiaries.
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Madhucon Projects
3.74
-0.11
(-2.86%)
1 Year Returns:-36.82%
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