Kridhan Infra Limited Approves Q2 Financial Results, Reports Accumulated Losses and Eroded Net Worth
Kridhan Infra Limited has announced the approval of its Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The results were approved by the Board of Directors at a meeting held on August 13, 2026.The company's standalone financial statements have been subject to an Independent Auditor's Limited Review Report. This review noted that Kridhan Infra Limited has accumulated losses in past years, leading to the full erosion of its net worth. Despite this setback, management has prepared the financial results on a going concern basis, noting that future business prospects and cost reduction measures are expected to support continued operations.
The consolidated financial results for the quarter also reflect accumulated losses and fully eroded net worth, which were prepared using a going concern assumption. The statements incorporate the results of two subsidiaries: Kridhan Infra Solutions Private Limited (Wholly Owned Subsidiary) and Kridhan Mediatech Private Limited (Subsidiary). The results did not include Readymade Steel Singapore Pte. Limited or Vijay Nirman Company Private Limited, both of which are subsidiary or associate companies.
The management expressed confidence in the company’s future prospects, citing several initiatives taken to strengthen the financial position and improve business activities. These efforts include a recent preferential allotment of equity shares and/or warrants, which is expected to augment the company's equity base and provide resources for business expansion.
Financial performance data available from the review period included figures related to comprehensive income attributable to owners and non-controlling interests. Key financial segments are presented in the table below:
| Metric | Owners of the company | Non-controlling interest | Total Comprehensive Income for the period attributable to |
|---|---|---|---|
| Total Comprehensive Income | 2,231.58 | 0.01 | 0.10 |
| Total Profit or Loss, attributable to Owners of the company | 1,895.58 | 1,991.58 | 0.13 |
The statutory auditors conducted a limited review of both sets of results, confirming that they were prepared in accordance with relevant accounting standards and principles. The filings confirmed that Kridhan Infra Limited's ability to continue its operations as a going concern was considered when preparing these financial statements.
KRIDHANINF Stock Price Movement
On Thursday, shares of Kridhan Infra Limited edged higher by 1.82%, closing out the session at ₹2.24. The equity traded within a narrow intraday band, moving between the low of ₹2.15 and a high of ₹2.29.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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