Submission of Un-audited Standalone and Consolidated Financial Results for the first quarter ended 30 June 2025
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Awaiting price reaction for this filing.
Dhatre Udyog reported Q1 FY26 revenue from operations of ₹902.64 lakhs, a steep ~83% drop from ₹5,340.88 lakhs in the same quarter last year, reflecting the wind-down of its manufacturing business. Profit after tax fell sharply to ₹10.44 lakhs versus ₹70.52 lakhs in Q1 FY25, though total comprehensive income stayed positive at ₹280.29 lakhs, helped by a ₹269.85 lakh gain in Other Comprehensive Income. The Board had earlier (Feb 2025) decided to shut down the aging Vizianagaram plant and is now exploring either a new manufacturing unit or monetising factory land at Kakinada for real estate development; part of the old plant and machinery has already been sold as scrap. The statutory auditor issued a qualified conclusion on the results, flagging that trade receivables and payables are pending confirmation and that no physical verification/valuation report is available for ₹331.99 lakhs of assets held for sale. The associate company, Hari Equipments Private Limited, continues to face complete erosion of net worth and its accounts are still drawn up on a going-concern basis.
Investors should view the 83% YoY revenue collapse and qualified auditor opinion as significant negatives likely to weigh on the stock, while the real-estate monetisation plan and ongoing associate impairment (already fully provided for) are the key things to watch for any recovery in value.