Neo Infracon Ltd (514332)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Neo Infracon's revenue was ₹0.8 Cr (-70.8% year on year, -60.3% on the previous quarter), and net profit ₹-0.2 Cr (against a profit a year earlier); the operating margin was -5.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.8 | -70.8% | -60.3% |
| Operating profit | ₹-0.0 | to loss | to loss |
| Net profit | ₹-0.2 | to loss | to loss |
| EPS (₹) | -0.43 | to loss | to loss |
| Operating margin | -5.6% | — | — |
📢 Recent Corporate Announcements
Neo Infracon's Board has approved the appointment of M/s. D. Satyaprakash & Co. LLP as Statutory Auditors for a 5-year term from FY 2026-27 up to FY 2030-31, subject to shareholder approval. This follows the resignation of prior auditor M/s. D. Kothary & Co. submitted on August 6, 2026. The board also appointed M/s. Abhishek Barola & Co. as Internal Auditors for FY 2026-27 and scheduled the 43rd Annual General Meeting for September 22, 2026, via video conferencing.
- Appointment of M/s. D. Satyaprakash & Co. LLP as Statutory Auditors from FY 2026-27 to FY 2030-31
- 43rd Annual General Meeting scheduled for Tuesday, 22nd September, 2026 at 1:00 PM via VC/OAVM
- Book closure period finalized from 16th September, 2026 to 22nd September, 2026
- Appointment of M/s. Abhishek Barola & Co. as Internal Auditors for FY 2026-27
Neo Infracon Ltd has rescheduled its Board of Directors meeting to August 29, 2026, at 4:00 PM. The board will consider appointing M/S. D, Satyaprakash & Co., LLP as Statutory Auditors to fill a casual vacancy arising from the resignation of the existing auditor over audit fee disagreements. Additionally, the board will finalize the internal auditors, approve the Directors' Report, and set the schedule for the 43rd Annual General Meeting (AGM).
- Board meeting rescheduled to Saturday, 29th August, 2026, at 4:00 PM
- Proposal to appoint M/S. D, Satyaprakash & Co., LLP as Statutory Auditors to fill casual vacancy
- Casual vacancy caused by resignation of existing Statutory Auditor over inability to agree on fee structure
- Meeting to finalize internal auditors and approve details for the 43rd Annual General Meeting
Neo Infracon Ltd has scheduled a Board of Directors meeting for August 29, 2026, to consider the appointment of D. Satyaprakash & Co., LLP as Statutory Auditors. The appointment aims to fill a casual vacancy arising from the resignation of the previous statutory auditor due to inability to agree on audit fees. The micro-cap developer (market cap Rs 21 Cr, TTM revenue Rs 6 Cr) stated that the appointment will be subject to applicable regulatory and Companies Act approvals.
- Board of Directors meeting scheduled for Saturday, 29th August, 2026 at 4.00 PM
- Proposed appointment of D. Satyaprakash & Co., LLP as Statutory Auditors
- Casual vacancy caused by the resignation of the previous auditor over fee structure disagreements
Neo Infracon's statutory auditor, M/s. D. Kothary & Co., resigned effective August 6, 2026, citing an inability to reach a mutually acceptable fee structure. The auditor was originally appointed on July 14, 2025, with a term scheduled until March 2029. Crucially, the auditor has already issued the Limited Review Report for the quarter ended June 30, 2026, ensuring immediate compliance. The company, with a small market cap of ₹21 Cr and TTM revenue of ₹8 Cr, will now initiate the process to appoint a successor.
- Resignation effective August 6, 2026, cutting short a term originally ending March 31, 2029
- Auditor completed the Limited Review Report for the quarter ended June 30, 2026, prior to exit
- Disagreement cited specifically over audit remuneration vs. increased professional effort required for a listed entity
- Company maintains a high Debt-to-Equity ratio of 2.07 with a total debt of ₹16 Cr against a net worth of ₹8 Cr
Neo Infracon reported a weak start to FY27, with consolidated revenue from operations plunging 81.5% YoY to ₹51.80 lakhs from ₹279.92 lakhs. The company swung to a consolidated net loss of ₹22.81 lakhs, compared to a profit of ₹17.74 lakhs in the same quarter last year. Performance was severely impacted by high finance costs of ₹27.27 lakhs and losses from its subsidiaries, Nocil Infrastructure and New Tech Infrastructure, which reported a combined pre-tax loss of ₹34.37 lakhs. Standalone operations remained marginally profitable at ₹11.78 lakhs, but were insufficient to offset group-level losses.
- Consolidated revenue from operations fell sharply to ₹51.80 lakhs from ₹279.92 lakhs in Q1 FY26.
- Reported a consolidated net loss of ₹22.81 lakhs against a profit of ₹17.74 lakhs YoY.
- Finance costs of ₹27.27 lakhs consumed 52.6% of the quarterly operational revenue.
- Subsidiaries contributed a total net loss before tax of ₹34.37 lakhs to the consolidated results.
- Investment in associate Nesta Spaces Private Limited remains at NIL following impairment in FY26.
Neo Infracon Ltd has announced a board meeting on Au g u s t 4, 2 0 2 6, to consider unaudited standalone and consolidated financial res u l t s for the quarter ended June 3 0, 2 0 2 6. The company, with a micro-cap valuation of Rs 2 3 Cr, reported a TTM revenue of Rs 8 Cr and a net profit of Rs 1 Cr. The trading window for designated persons remains closed until Au g u s t 6, 2 0 2 6. Investor s will be watching for performance consistency given the company's high debt-to-equity rati of 2.0 7.
- Board meeting sched uled for Au g u s t 4, 2 0 2 6, at 4:0 0 PM
- Financial res u l t s to be reviewed for the quarter ended June 3 0, 2 0 2 6
- Trading window clos ure period from July 1, 2 0 2 6, to Au g u s t 6, 2 0 2 6
- Company TTM revenue stand s at Rs 8 Cr against a market cap of Rs 2 3 Cr
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