Submission of Un-Audited Standalone and Consolidated Financial Results for the quarter ended 30 June 2025
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Dhatre Udyog reported Q1 FY26 (quarter ended 30 June 2025) standalone and consolidated revenue from operations of ₹902.64 lakhs, down sharply from ₹5,340.88 lakhs in the same quarter last year — an roughly 83% decline. Net profit for the quarter was ₹10.44 lakhs compared with ₹70.52 lakhs a year ago, while EPS was ₹0.04. The drop follows the Board's February 2025 decision to shut down manufacturing at Vizianagaram because of ageing plant and obsolete technology; the company is now disposing plant and machinery as scrap and has entered an agreement to sell the factory land. The Board also plans to diversify by developing land at Kakinada into real estate plots. The statutory auditor issued a qualified conclusion due to unconfirmed trade receivables/payables and the absence of a physical verification report for ₹331.99 lakhs of assets held for sale. The company's associate, Hari Equipments Private Limited, has fully eroded its net worth, though it was already 100% impaired in earlier books.
The collapse in revenue reflects the manufacturing shutdown, and the qualified auditor opinion plus the business pivot to real estate introduce uncertainty for shareholders. Future performance will hinge on monetisation of the factory assets and execution of the real estate plans rather than the core steel business.