Radhe Developers India Ltd Approves Unaudited Financial Results for June 30, 2026 Quarter
Radhe Developers India Limited has announced the approval of its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on Friday, July 17, 2026, accompanied by a Limited Review Report from the Statutory Auditor.The company also approved the Notice of its 32nd Annual General Meeting during the same board proceedings, which commenced at 2:30 p.m. and concluded at 3:40 p.m.
Financial Overview and Operations
The financial statements were prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015, as prescribed under Section 133 of the Companies Act, 2013. The management identified the Construction business as the sole reportable segment for the group's operations.The following data represents the standalone financial results for the period:
| Particulars | Results for the Quarter Ended on June 30, 2026 |
|---|---|
| Net Profit for the period (Net Profit / Loss) | 29.87 |
Audit and Review Observations
The Statutory Auditor, S Parth & Co, conducted a review of the financial statements in accordance with the Standard on Review Engagement (SRE) 2410. The auditor provided moderate assurance regarding whether the financial statements were free of material misstatements.In the Limited Review Report, the auditors noted that no provision has been made in the quarterly results for gratuity, which is not in accordance with accounting standards prescribed under Ind AS 19. The review was limited primarily to inquiries and provides less assurance than a full audit.
The company confirmed that consolidated financial statements are not applicable to its current reporting requirements. Figures for corresponding previous periods have been restated or regrouped where necessary to ensure comparability with the current period results.
Stock Price Movement
Radhe Developers India Ltd shares closed up 2.55% at ₹1.61 on Friday after the market wrapped up today. The stock climbed from a low of ₹1.56 to reach its intraday peak of ₹1.61.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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