Square Four Projects India Ltd
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 05 Aug 2026, 06:01 PM IST · BSE ID: 106e342a-dfdd-4302-a681-4a66ff5823ce
View Original BSE Filing (PDF)
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In Simple Terms
The company reported a standalone profit but a consolidated loss, and its auditors raised concerns about how some financial assets were valued.
🤖 AI Summary
- Square Four Projects India Ltd reported standalone net profit of Rs. 202 Lacs for the quarter ended June 30, 2026.
- Standalone revenue from operations was Rs. 917 Lacs for Q1 FY27, compared to Rs. 981 Lacs in Q1 FY26.
- Auditors issued a qualified conclusion on standalone results, citing financial assets of Rs. 39,50,000 not measured at fair value.
- Consolidated financial results showed a net loss of Rs. 9,664.97 Lacs, including unreviewed subsidiary data.
- The Board of Directors approved the unaudited standalone and consolidated financial results on August 5, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Revenue from Operations (Q1 FY27)
Rs. 917 Lacs
Not comparable — limited prior period data.
Standalone Net Profit (Q1 FY27)
Rs. 202 Lacs
Not comparable — limited prior period data.
Consolidated Net Loss (Q1 FY27)
Rs. 9,664.97 Lacs
Standalone Financial Assets not measured at fair value
Rs. 39,50,000
🏢 How This Affects the Company
The qualified audit opinion on both standalone and consolidated results indicates a potential discrepancy in how certain financial assets are valued, which impacts the true financial representation of the company's business activities.
The standalone net profit for the quarter was Rs. 202 Lacs, but the auditors' inability to determine the impact of unmeasured financial assets on profit and deferred tax balances introduces uncertainty into reported earnings and asset valuations. The consolidated results show a net loss of Rs. 9,664.97 Lacs.
The qualified audit opinion and the auditor's inability to determine the consequential impact of unmeasured financial assets aggregating Rs. 39,50,000 elevate financial reporting risk. The inclusion of unreviewed subsidiary results in consolidated figures also adds to this risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take any immediate action based on this filing.
👤
Who Is Affected
All shareholders are affected by the disclosed financial performance and the auditor's qualified opinion, which raises questions about asset valuation and the accuracy of reported profits.
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Management Signal
The management has approved and disclosed the results, acknowledging the auditor's qualified opinion on the financial statements.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results — check auditor's opinion on financial asset valuation.
Updates on the valuation methodology for financial assets cited in the audit qualification.
Performance of the subsidiary and its impact on consolidated results.
HIGH RISK
The qualified audit opinion and material financial assets not measured at fair value indicate significant financial reporting risk.
💡 Investor Takeaway
Square Four Projects India Ltd reported standalone net profit of Rs. 202 Lacs for Q1 FY27, with revenue from operations at Rs. 917 Lacs. However, auditors issued a qualified opinion on both standalone and consolidated results, specifically noting Rs. 39,50,000 in financial assets not measured at fair value. Consolidated net loss was Rs. 9,664.97 Lacs.
⚖️ Strengths & Concerns
✅ Positives
- Standalone Net Profit for Q1 FY27 was Rs. 202 Lacs, a positive figure for the period reported.
- The company's Total Income on a standalone basis for Q1 FY27 was Rs. 917 Lacs.
⚠️ Concerns
- Auditors issued a qualified conclusion on standalone results due to Rs. 39,50,000 in financial assets not measured at fair value, impacting profit and deferred tax balances.
- Consolidated net loss for Q1 FY27 was Rs. 9,664.97 Lacs, including results of a subsidiary not reviewed by its auditor.
📅 Company Track Record
Square Four Projects India Ltd has had previous audit qualifications. On May 27, 2026, FY26 Net Profit of Rs. 9.73 Lacs was reported, with the audit qualified for Rs. 143.00 Lacs. The company also re-submitted FY26 results with modified audit opinions on June 11, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Square Four Projects India Ltd's standalone net profit for the quarter ended June 30, 2026?
Square Four Projects India Ltd reported a standalone net profit of Rs. 202 Lacs for the quarter ended June 30, 2026.
What was the standalone revenue from operations for Square Four Projects India Ltd in Q1 FY27?
The standalone revenue from operations for Square Four Projects India Ltd was Rs. 917 Lacs for the quarter ended June 30, 2026.
Why did the auditors issue a qualified conclusion on Square Four Projects India Ltd's standalone financial results?
The auditors issued a qualified conclusion because financial assets aggregating to Rs. 39,50,000 were not measured at fair value, impacting profit and deferred tax balances.
What was Square Four Projects India Ltd's consolidated net result for the quarter ended June 30, 2026?
Square Four Projects India Ltd reported a consolidated net loss of Rs. 9,664.97 Lacs for the quarter ended June 30, 2026, which includes results of an unreviewed subsidiary.
Questions based on this BSE filing only. For information purposes.