Quarterly Result17 Mar 2026, 05:18 pm
Binny Ltd Approves Q3 Financial Results with Qualified Conclusion
AI Summary
Binny Ltd, a company based in Chennai, India, has approved its unaudited financial results for the quarter ended December 31, 2024. The company's revenue from operations stands at INR 836.99 lakhs for the quarter. However, the independent auditor's review report has raised concerns over certain issues, leading to a qualified conclusion. These issues include the recoverability of an advance of INR 2,918.05 lakhs given to RRB Energy Limited, non-compliance with Indian Accounting Standards in recognizing certain parcels of land as inventories, and non-recognition of revenue from a Joint Development Agreement with SPR Constructions Private Limited.
Key Highlights
- Binny Ltd has approved its unaudited financial results for Q3 2024 with a qualified conclusion from the independent auditor.
- The company's revenue from operations for the quarter is INR 836.99 lakhs.
- The auditor has raised concerns over the recoverability of an advance of INR 2,918.05 lakhs given to RRB Energy Limited.
- There is non-compliance with Indian Accounting Standards in recognizing certain parcels of land as inventories.
- Revenue from a Joint Development Agreement with SPR Constructions Private Limited has not been recognized.