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Consolidated Construction Consortium Ltd

| Audited Standalone Financial Results for the Quarter and Year Ended March 31, 2026

Report Source

⬤28th Apr 26

Summary : The company reported qualified financial results for FY26 with significant audit concerns regarding unconfirmed balances, MSME compliance, and statutory dues, alongside negative operating cash flow.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone Total Expenses (FY26): Rs 31,831.93 Lakhs
  2. Consolidated Total Expenses (FY26): Rs 33,584.93 Lakhs
  3. Standalone Revenue from Operations (FY26): Rs 29,470.78 Lakhs
  4. Standalone Other Income (FY26): Rs 3,067.40 Lakhs
  5. Consolidated Revenue from Operations (FY26): Rs 29,470.78 Lakhs
  6. Consolidated Other Income (FY26): Rs 2,947.03 Lakhs
  7. Standalone Net Cash from Operating Activities (FY26): (Rs 14,323.60) Lakhs
  8. Standalone Net Cash from Investing Activities (FY26): Rs 8,769.05 Lakhs
  9. Consolidated Net Cash from Operating Activities (FY26): (Rs 9,785.02) Lakhs
  10. Consolidated Net Cash from Investing Activities (FY26): Rs 4,128.64 Lakhs
  11. Standalone Total Assets (FY26): Rs 49,517.37 Lakhs
  12. Standalone Total Equity (FY26): Rs 27,614.52 Lakhs
  13. Consolidated Total Assets (FY26): Rs 49,520.08 Lakhs
  14. Consolidated Total Equity (FY26): Rs 27,878.93 Lakhs
  15. Disclosure of Related Party Transactions enclosed in XBRL.
  16. Both standalone and consolidated financial results are presented and audited.

Corporate Overview

  1. Registered Office: Chennai
  2. Regional Offices: Bangalore, Chennai, Hyderabad, New Delhi
  3. Non-receipt of confirmation for various balances (loans, advances, creditors, other liabilities).
  4. Insufficient audit evidence for identification of micro and small enterprises (MSME) dues and interest thereon.
  5. Non-estimation and provision for interest and penalty on earlier years' statutory dues.
  6. Cash flow issues in earlier years leading to delayed statutory payments.
  7. Prolongation of contracts due to reasons beyond company's control.
  8. Operates in Construction and other infrastructural services.
  9. Formal and compliant with regulatory requirements.
  10. Construction and other infrastructural services (single segment).

Risk Factors

  1. Unconfirmed balances impact financial statements.
  2. Non-compliance with MSME Development Act.
  3. Unaccounted interest/penalties on statutory dues.
  4. Contract prolongation increases project costs.

Key Drivers

  1. Completing projects without additional costs.
  2. Resolving all audit qualification matters.
  3. Strong work on hand (Rs 1,18,675.71 Lakhs).
  4. Improved operational cash flow.

Auditor’s Report

  1. Qualified Opinion (Standalone and Consolidated)
  2. Non-receipt of confirmation for balances (loans, advances, sundry creditors, other liabilities); impact unascertainable.
  3. Insufficient audit evidence for identification of micro and small enterprises and dues thereon, including interest.
  4. Non-estimation and provision for interest and penalty on earlier years' statutory dues; impact unascertainable.
  5. Quarterly results are balancing figure between audited full-year and limited review Q3 figures.

Board Commentary

  1. Uncertainty from unconfirmed balances of loans, advances, creditors.
  2. Lack of audit evidence for MSME identification and dues.
  3. Unaccounted interest and penalties on statutory dues.
  4. Audit report with modified opinion issued.
  5. Non-compliance with MSME Development Act regarding interest on dues.
  6. Non-estimation of interest and penalty for statutory dues.
  7. Balance value of work on hand: Rs 1,18,675.71 Lakhs as of March 31, 2026.

Corporate Governance

  1. Auditors complied with Code of Ethics, ICAI.
  2. Audit Committee Chairman mentioned in signatories.
  3. Audit qualifications indicate potential issues in financial reporting and compliance.

Management Discussion & Analysis

Operational Focus Areas

  1. Completing projects without incurring additional costs.
  2. Process of identifying MSME vendors.
  3. Accounting for delayed payment charges when settled.

Risk Control Measures

  1. Management believes no material adjustments needed for unconfirmed balances.
  2. Company is in process of identifying MSME vendors.
  3. Delayed payment charges will be accounted for upon settlement.
  4. Management confident of completing projects without additional cost.

Critical Risks

  1. Uncertainty regarding impact of unconfirmed balances on financial statements.
  2. Non-compliance with MSME Development Act regarding dues and interest.
  3. Potential impact of unestimated interest/penalties on statutory dues.
  4. Risk of contract prolongation impacting project costs.