Dhruv Consultancy Services Limited has informed the Exchange regarding a press release dated February 23, 2026, titled "Press Release for Q3 of 2025-2026".
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Awaiting price reaction for this filing.
Dhruv Consultancy Services (DCSL) reported its Q3 and 9M FY26 results, posting a negative Q3 total revenue of ₹(5.44) Cr and 9M FY26 revenue of ₹35.36 Cr. The company disclosed a prospective accounting impact of approximately ₹30 Cr during 9M FY26, arising from revisions to project cost and margin estimates under Ind AS 8 and Ind AS 115. The company stresses this is a non-cash adjustment with no fund outflow, reflecting a more conservative alignment of revenue recognition with project realities rather than operational weakness. The unexecuted order book stands at ₹256 Cr, and the MD highlighted enhanced cost monitoring and milestone-based controls going forward.
Despite management's reassurances that the adjustment is non-cash and accounting-driven, the negative Q3 revenue and a ₹30 Cr downward revision are likely to weigh on investor sentiment and could pressure the stock in the near term. However, the ₹256 Cr order book provides some revenue visibility, and the proactive governance-led reassessment may support credibility over the longer term.