Audited Financial Results for the year ended 31st March,2025 alongwith the Audit Report.
Awaiting price reaction for this filing.
Dugar Housing Developments Limited (BSE Scrip: 511634) submitted its audited standalone results for FY25. Revenue from operations rose sharply to Rs 30.00 lakhs from just Rs 0.19 lakhs in FY24, though the base was very small. The company swung to a full-year profit before tax of Rs 3.50 lakhs versus a loss of Rs 20.26 lakhs last year, with basic EPS of Rs 0.07 (vs Rs (6.75)). However, the standalone Q4 FY25 quarter itself posted a loss of Rs 16.67 lakhs with EPS of Rs (0.34). The balance sheet shows negative net worth of Rs (86.93) lakhs, new borrowings of Rs 110.51 lakhs (nil in FY24), and operating cash flow of Rs 14.80 lakhs. The statutory auditor M Sahu & Co. issued an unmodified (clean) opinion.
The headline FY25 turnaround to profit is encouraging, but the tiny absolute size, the Q4 standalone loss, persistent negative net worth, and fresh borrowings signal continued fragility. The mid-year change of statutory auditor is a yellow flag investors should watch. Treat the results as marginal — the equity remains undercapitalised and earnings quality is weak.