Dhani Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 02, 2025.
Awaiting price reaction for this filing.
Dhani Services' Board approved its audited consolidated and standalone financial results for Q4 and FY25. Consolidated revenue from operations fell ~6.6% YoY to ₹39,477 lakh, though total income rose slightly to ₹48,688 lakh. Full-year net loss narrowed sharply from ₹37,394 lakh to ₹6,765 lakh, and the company swung to a Q4 profit of ₹629 lakh versus an ₹8,501 lakh loss a year ago. Operating cash flow turned positive at ₹9,843 lakh versus an outflow of ₹23,111 lakh last year. However, the new statutory auditor Hem Sandeep & Co. issued a qualified opinion, flagging that ~₹67,220 lakh of impairment losses were wrongly booked to Other Comprehensive Income instead of the profit and loss account, meaning actual losses are understated. The proposed merger with Yaari Digital Integrated Services remains pending NCLT approval, and a new Gurugram residential project was launched in January 2025.
While the headline numbers show a major turnaround, the qualified opinion and large disputed impairment write-offs raise red flags about the true scale of losses. Shareholders should watch for possible restatements, further write-downs, and progress on the pending Yaari Digital merger, any of which could move the stock sharply.