DCM Q2 FY26 results: PAT rises, auditor flags going concern uncertainty

Going-concern doubtEmphasis of matterProfit growth above 25%Negative operating cash flowResults View source PDF Explain this filing

DCM · price

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.5% vs market

IT Enabled Services peers, median of 70sector-1.0%+1.5% vs sector

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AI summary

DCM Limited reported consolidated revenue of Rs 1,762 lakh for Q2 FY26 versus Rs 1,663 lakh in Q2 FY25. H1 FY26 PAT jumped to Rs 469 lakh from Rs 42 lakh last year, lifted by Rs 228 lakh share of joint venture profit and Rs 346 lakh dividend income. Auditor flagged Material Uncertainty on Going Concern: current liabilities exceed current assets by Rs 745 lakh (consolidated) on a stalled Hisar land joint development deal with Rs 5,000 lakh advance. Company issued JDA termination notice on November 1, 2025. Engineering division lockout since October 2019 continues with Rs 7,719 lakh unpaid wages not provided for.

Likely market impact

Higher H1 profits offer relief, but the auditor's going concern flag and unresolved Hisar land JDA raise sustainability concerns for shareholders.