PBA Infrastructure Ltd. reported a sharp increase in losses for the quarter ending March 2026, with auditors raising serious doubts about its ability to continue as a going concern amid mounting debt and asset concerns.
PBA Infrastructure Ltd. widened its losses sharply in the quarter ended March 31, 2026, as revenue all but evaporated and auditors again flagged serious doubts about the company’s ability to keep operating. According to the company’s unaudited results, the Mumbai-based infrastructure group posted a standalone loss of ₹118.1 crore in the quarter, compared with a loss of ₹34.9 crore a year earlier, while revenue from operations fell 95% to ₹39.1 crore from ₹717.5 crore.
The quarterly numbers were reviewed by the audit committee and approved by the board on August 13, 2026. PBA said basic and diluted earnings per share both showed a loss of ₹0.87, against a loss of ₹0.26 per share in the same quarter last year. The company also said the results were published in Financial Express and Mumbai Lakshdeep on August 15, 2026, in line with stock exchange disclosure rules, with company secretary Vaishali Kishan Savaliya certifying the submission.
For the full year ended March 31, 2026, the company reported a net loss of ₹820.17 crore, reversing a profit of ₹22.22 crore in the previous year. Revenue from operations fell to ₹2,335.34 lakh from ₹3,644.75 lakh a year earlier. MarketScreener and other results trackers also showed a weak fourth quarter, with sales and revenue both lower year on year and a net loss of ₹31.4 crore for the period.
The statutory auditor, N.K. Mittal & Associates, said there were material uncertainties around the company’s future as a going concern, citing loan defaults of ₹315.15 crore, non-performing asset classification and concerns over work-in-progress claims. Separate disclosures noted that lenders may take physical possession of assets, while liabilities continued to exceed current assets. The board also re-appointed JC & Associates as secretarial auditor and Abhishek Bansal & Co as internal auditor for 2026-27, and said a rule on deviation in fund use did not apply because no public funds had been raised.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
