Quarterly Result4 Mar 2026, 05:12 pm
Binny Ltd Approves Q3 2024 Financial Results with Qualified Review
AI Summary
Binny Ltd, a company based in Chennai, India, has approved its unaudited financial results for the quarter ended September 30, 2024. The review was conducted by Venkatesh & Co., a Chartered Accountants firm, with a qualified conclusion due to several issues. The company has advanced INR 2,918.05 Lakhs to RRB Energy Limited, for which it could not provide sufficient audit evidence. The company has also received land from a related party as part of a settlement, but has not registered a portion of it, which is not in compliance with Indian Accounting Standards. Additionally, there are issues with the recognition of revenue from certain transactions. The company's profit before tax stands at INR 2,701.23 Lakhs.
Key Highlights
- Binny Ltd has approved its unaudited financial results for Q3 2024 with a qualified review from Venkatesh & Co.
- The company has advanced INR 2,918.05 Lakhs to RRB Energy Limited, for which it could not provide sufficient audit evidence.
- Binny Ltd has received land from a related party as part of a settlement, but has not registered a portion of it.
- There are issues with the recognition of revenue from certain transactions.
- The company's profit before tax stands at INR 2,701.23 Lakhs.