CMM Infraprojects Ltd. Announces FY and Half-Year Financial Results for March 2026; Audit Issues Qualified Opinion
CMM Infraprojects Limited has reported its audited financial results for the half-year and the full financial year ended March 31, 2026. The company's Board of Directors approved and recorded the financial results alongside the report of the Statutory Auditors.The company has been undergoing the Corporate Insolvency Resolution Process (CIRP). The results for the year ended March 31, 2026, reflect various write-offs of assets and liabilities completed as part of the CIRP. The net gain resulting from these write-offs, which represents the excess of extinguished liabilities over written off assets, aggregated to Rs. 2,125.82 Lakhs and was recognized as an Exceptional Item in the Statement of Profit and Loss.
Audit Report Details
The Statutory Auditor issued a Qualified Opinion on the financial results. The basis for the qualification relates to the proposed cancellation of equity shares held by promoters and the reduction/restructuring of the company's equity share capital. Due to discrepancies between the promoter and public shareholding patterns as noted in the Hon'ble NCLT Order dated November 11, 2024, and the actual shareholding pattern on that date, the company has sought rectification/clarification from the Hon'ble NCLT. Pending the disposal of this rectification application and the issuance of a consequential order from the Hon'ble NCLT, the auditors were unable to determine the required extent of cancellation/reduction and its impact on the Equity Share Capital and related disclosures.In the report's Emphasis of Matter section, the auditors also highlighted that an Interest Receivable amounting to Rs 44.93 Lakhs from a bank is currently under dispute. As of the year-end, no formal legal action has been initiated by the company to recover this amount, making its recoverability uncertain.
Financial Performance Snapshot
The company reported key financial metrics for the period. The basic earnings per share for the year ended March 31, 2026, stood at 6.57. The total assets as of March 31, 2026, were reported at 5,554.71 Lakhs.A summary of the company's financial position at the end of the financial year is provided below:
| Component | As at 31-03-2026 (Audited) | As at 31-03-2025 (Audited) |
|---|---|---|
| Share Capital | 1,567.33 | 1,567.33 |
| Reserves and surplus | 2,371.14 | 1,341.31 |
| Sub-total - Shareholders' Funds | 3,938.47 | 2,908.64 |
| Other long-term liabilities | 1,420.77 | 1,399.00 |
| Sub-total - Non-Current Liabilities | 1,425.70 | 2,334.97 |
| Short-term borrowings | 7.99 | 6,158.18 |
| Total - EQUITY AND LIABILITIES | 5,554.71 | 14,416.73 |
| Total Assets | ||
| Non-Current Assets | 2,275.59 | 3,522.15 |
| Current Investments | - | - |
| Inventories | 232.96 | 3,539.72 |
| Trade receivables | 2,587.87 | 5,424.44 |
| Cash and cash equivalents | 12.94 | 18.14 |
| Total - ASSETS | 5,554.71 | 14,416.73 |
Cash Flow Overview
The company recorded a Net cash from Operating Activities of 1,548.59 Lakhs for the year ended March 31, 2026, compared to (8.81) Lakhs in the prior year.The audited financial results also detailed the movement of cash and cash equivalents:
| Metric | Year Ended 31-03-2026 (₹ Lakhs) | Year Ended 31-03-2025 (₹ Lakhs) |
|---|---|---|
| Profit before taxation | 127.42 | 34.74 |
| Net cash from Operating Activities (A) | 1,548.59 | (8.81) |
| Net cash from Investing Activities (B) | 85.99 | - |
| Net cash from Financing Activities (C) | (3,405.74) | (409.09) |
| Net Increase/ (Decrease) in Cash and Cash Equivalents (A+B+C) | (5.20) | (331.91) |
| Cash and Cash Equivalents at the end of the year | 12.94 | 18.14 |
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