How did the full-year numbers look?

Revenue reached ₹62.23 crore, a 10% increase year-on-year. Net profit grew faster, rising 39% to ₹3.73 crore.

What happened in the final quarter?

Q4 revenue slumped 29% to ₹15.61 crore. Profit held steady, implying costs were cut to match the sales drop.

Was there anything unusual in the auditor's report?

No. The auditor issued a standard, unmodified opinion, meaning no qualifications or flagged concerns.

Does the filing contain any forward-looking guidance?

No. It is a routine compliance filing with only backward-looking audited results. No strategy or order commentary was provided.

Earnings · Engineering - Construction · Micro cap

Conart's profit grew 39% for FY26. Then Q4 revenue fell 29%.

The full-year profit growth is solid, but a steep quarterly revenue drop demands an explanation the filing does not provide.

— 2 earlier stories on Conart Engineers Ltd. →

CONART By Tipsheet Editorial 30 May 2026 · 5:50 PM IST Verify on BSE · NSE

Mkt cap₹59.03 cr

P/E15.84×

ROE9.64%

Debt / eq.0.00

₹3.73 cr FY26 net profit, up 39% year-on-year.

What's new

Full-year revenue grew 10% to ₹62.23 crore; net profit rose 39% to ₹3.73 crore.
Fourth-quarter revenue fell 29% to ₹15.61 crore, but quarterly profit was steady.
Auditor issued a clean, unmodified opinion on the annual financials.

Why this matters

A 29% quarterly revenue drop is material for a ₹67-crore company. Profit held only because costs fell in tandem. The filing offers no strategic context or guidance, leaving the Q4 decline as an open question.

What we're watching

Whether Q4's revenue drop is a one-off or a trend.
Any explanation for the cost control that preserved profit.
The stock's reaction, given its thin liquidity.

The full read

Conart Engineers posted a clean year. Revenue reached ₹62.23 crore, up 10%, and profit jumped 39% to ₹3.73 crore. The final quarter was the problem. Q4 revenue fell 29% to ₹15.61 crore. Profit held. For a ₹67-crore nano-cap, that divergence demands an explanation. None was offered. This is a standard compliance filing. No new orders. No strategy. No guidance. Just the numbers, and a quarterly revenue drop that sits uncomfortably against the annual growth story. Hardly actionable.

Questions answered

How did the full-year numbers look?: Revenue reached ₹62.23 crore, a 10% increase year-on-year. Net profit grew faster, rising 39% to ₹3.73 crore.
What happened in the final quarter?: Q4 revenue slumped 29% to ₹15.61 crore. Profit held steady, implying costs were cut to match the sales drop.
Was there anything unusual in the auditor's report?: No. The auditor issued a standard, unmodified opinion, meaning no qualifications or flagged concerns.
Does the filing contain any forward-looking guidance?: No. It is a routine compliance filing with only backward-looking audited results. No strategy or order commentary was provided.

Mentioned: ₹62.23 cr FY26 Revenue · ₹3.73 cr FY26 Profit · Q4 Revenue -29%

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Conart Engineers Ltd.

Infrastructure

₹58 cr

P/E 15.69×

Latest quarter · Mar 2026

Sales₹16 cr

Net profit₹1 cr

Op. margin+6.2%

EPS₹1.76

Strength & growth

Debt / equity0.00×

Current ratio3.35×

Sales CAGR+11.6%

EPS CAGR+12.1%

Story so far

All notes on CONART →

30 May 2026 · 5:50 PM IST Conart's profit grew 39% for FY26. Then Q4 revenue fell 29%.
4d ago Conart Engineers CS resigns; replacement process begins
40d ago Conart Engineers lands a ₹15.41 cr civil contract in Vadodara