Madhucon Projects Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results along with the Auditors' Limited Review Report in a meeting held on February 7, 2026. The meeting commenced at 11:00 AM and concluded at 4:30 PM. For the standalone results, the company reported total income of ₹16,781.97 lakhs for the quarter ended December 31, 2025, compared to ₹12,533.27 lakhs in the same period last year. Profit after tax for the quarter stood at ₹539.22 lakhs, a significant improvement from a loss of ₹295.60 lakhs in the prior year quarter. For the nine months ended December 31, 2025, total income was ₹51,043.39 lakhs, with a profit after tax of ₹1,022.64 lakhs. The consolidated results showed a total income of ₹19,054.70 lakhs for the quarter ended December 31, 2025, compared to ₹17,820.13 lakhs in the corresponding quarter of the previous year. However, the company reported a consolidated loss after tax of ₹11,589.26 lakhs for the quarter, a widening from the loss of ₹44,616.01 lakhs in the previous year quarter. For the nine months ended December 31, 2025, the consolidated loss after tax was ₹37,382.43 lakhs. The auditors' limited review report highlighted several concerns. These include issues related to the carrying value of investments in subsidiaries, potential impairment losses, write-offs of investments without clear justification, defaults in loan repayments to Punjab National Bank, and recognition of income against advances. Additionally, outstanding statutory dues, non-conduct of internal audits for certain periods, and pending corporate insolvency resolution processes for step-down subsidiaries were noted. The report also mentioned an FIR filed by CBI against Ranchi Expressways Ltd, a step-down subsidiary, and provisional attachments of assets by the Directorate of Enforcement.
