Twamev Construction and Infrastructure Limited — Results, 14-08-2025: Reply to Clarification- Financial results

Twamev Construction (formerly Tantia Cons.) has announced its full-year audited financial results for FY25. The company reported a significant turnaround, with consolidated net profit reaching ₹55.98 Cr, a sharp improvement from a loss of ₹22.22 Cr in the previous year. Revenue from operations also saw growth, increasing to ₹84.86 Cr from ₹53.05 Cr.

A key contributor to this performance was a substantial "other income" of ₹79.03 Cr, primarily driven by ₹77.95 Cr in interest income from an arbitration award. The company also recognized ₹106.72 Cr from an arbitration award received.

However, the auditors have issued a qualified opinion on the *consolidated* financial results. This stems from issues like an unresolved loan of ₹5.44 Cr by a subsidiary without considered interest income, and uncertainties surrounding a step-down subsidiary's abandoned project, which has a large arbitration claim of ₹986.18 Cr with unresolved asset recovery and liabilities. Additionally, an associate company is under insolvency proceedings, and its financials are unavailable for consolidation.

On a standalone basis, the auditors did not issue a modified opinion. The company made a ₹44.33 Cr provision for exceptional items, including unbilled revenue and bad debts. The resolution plan to pay ₹21 Cr is awaiting a final bank account status upgrade.