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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Square Four Projects India Ltd

Square Four Projects Reports Q2 FY27 Net Profit Rs. 3.48 Lacs

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 13 Nov 2026, 07:41 PM IST  ·  BSE ID: 8caa03af-b0a6-4917-9bce-223707bd115e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its latest quarterly earnings, with auditors flagging an issue on how some assets are valued.
🤖 AI Summary
  • Square Four Projects India Limited reported standalone Net Profit of Rs. 3.48 Lacs for Q2 FY27.
  • Total income for the quarter ended 30 September 2026 stood at Rs. 9.76 Lacs.
  • Auditors issued a qualified conclusion regarding financial assets aggregating Rs. 39,50,000 carried at cost.
  • Basic and Diluted Earnings per Share for Q2 FY27 were Rs. 0.02 (not annualised).
  • Net Cash used in Operating Activities for the half year ended 30 September 2026 was Rs. (17.77) Lacs.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Net profit for the period (Q2 FY27)
Rs. 3.48 Lacs
Total Income (Q2 FY27)
Rs. 9.76 Lacs
Total Expenses (Q2 FY27)
Rs. 6.28 Lacs
Financial assets under qualified conclusion
Rs. 39,50,000
Basic and Diluted EPS (Q2 FY27)
Rs. 0.02
Net Cash used in Operating Activities (Half Year Ended 30 Sep 2026)
Rs. (17.77) Lacs
🏢 How This Affects the Company
💰
Financial Impact
The qualified audit opinion on financial assets of Rs. 39,50,000 indicates a potential understatement of profit and related tax balances if fair value adjustments were required.
⚠️
Risk Impact
The qualified audit conclusion introduces financial reporting risk, particularly concerning the valuation of financial assets aggregating Rs. 39,50,000.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the qualified audit opinion, as it pertains to the financial reporting and valuation of assets on the company's balance sheet.
🔍
Management Signal
The filing indicates management's submission of results despite a qualified audit opinion, signaling compliance with disclosure regulations.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — check for resolution or clarification on audit qualification.
Annual financial results — monitor for auditor's opinion on full year financial statements.
Subsequent regulatory disclosures — observe any updates regarding asset valuation methodologies.
HIGH RISK Qualified audit opinion on significant financial assets introduces uncertainty regarding financial reporting accuracy.
💡 Investor Takeaway
Square Four Projects reported Q2 FY27 standalone net profit of Rs. 3.48 Lacs, up from Rs. 2.02 Lacs in Q1 FY27. Total income was Rs. 9.76 Lacs. Auditors issued a qualified conclusion due to financial assets aggregating Rs. 39,50,000 carried at cost, affecting profit and deferred tax balances.
⚖️ Strengths & Concerns

✅ Positives

  • Net profit for Q2 FY27 increased to Rs. 3.48 Lacs from Rs. 2.02 Lacs in the preceding Q1 FY27.
  • Total income for Q2 FY27 was Rs. 9.76 Lacs, showing an increase from Rs. 9.09 Lacs in Q1 FY27.

⚠️ Concerns

  • Auditors issued a qualified conclusion on the unaudited financial results due to financial assets of Rs. 39,50,000 carried at cost.
  • The auditor's report highlights an inability to determine the fair value of these financial assets, impacting profit and deferred tax balances.
📅 Company Track Record
Square Four Projects reported Q1 FY27 standalone net profit of Rs. 2.02 Lacs, also with a qualified audit opinion on asset valuation. In FY26, the company reported a net profit of Rs. 9.73 Lacs, with the audit qualified for Rs. 143.00 Lacs, indicating a recurring issue with audit qualifications.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is Square Four Projects India Ltd's net profit for Q2 FY27?
Square Four Projects India Ltd reported a standalone net profit of Rs. 3.48 Lacs for the quarter ended 30 September 2026 (Q2 FY27).
What was the total income for Square Four Projects India Ltd in Q2 FY27?
The total income for Square Four Projects India Ltd for Q2 FY27 was Rs. 9.76 Lacs.
What is the key concern raised by the auditors for Q2 FY27 results?
Auditors issued a qualified conclusion because the company carried financial assets aggregating Rs. 39,50,000 at cost, without determining their fair value as per accounting standards.
What were the Basic and Diluted EPS for Square Four Projects India Ltd in Q2 FY27?
The Basic and Diluted Earnings per Share for Square Four Projects India Ltd in Q2 FY27 were Rs. 0.02 (not annualised).
What was the cash flow from operating activities for Square Four Projects India Ltd for the half year ended 30 September 2026?
Net cash used in operating activities for Square Four Projects India Ltd for the half year ended 30 September 2026 was Rs. (17.77) Lacs.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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