Unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended 31st December, 2025
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Dhatre Udyog Ltd reported a sharp collapse in operations, with standalone revenue from operations falling to just Rs. 9.53 lakhs in Q3 FY26 versus Rs. 3,946.72 lakhs in Q3 FY25, and Rs. 912.18 lakhs for 9M FY26 versus Rs. 12,654.13 lakhs in 9M FY25, a decline of roughly 93%. The company swung to a loss of Rs. 32.35 lakhs for the quarter and Rs. 189.99 lakhs for nine months, compared with profits of Rs. 39.70 lakhs and Rs. 135.36 lakhs respectively a year ago. Other expenses include a Rs. 121.06 lakh provision for expected credit loss on old trade receivables. Management confirmed it has shut down manufacturing at its Vizianagaram plant because the 30-year-old machinery is obsolete, disposed of plant and equipment as scrap, and plans to monetise the land by developing it into small real estate plots. The associate company, Hari Equipments Pvt Ltd, has flagged material going-concern uncertainty in its own financials. The statutory auditor P. D. Rungta & Co. issued a qualified conclusion because trade receivables, advances and trade payables are subject to pending confirmations.
Shareholders should note that the company has effectively exited manufacturing and is now pivoting toward real estate monetisation, making near-term earnings weak and the business model transitional. The qualified auditor report, heavy revenue decline and losses across all periods are negative signals for the stock in the short term.