Dhruv Consultancy Services Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Dhruv Consultancy Services reported a standalone net loss of Rs. 2,842.12 lakhs for FY2026 versus a net profit of Rs. 695.03 lakhs in FY2025, a sharp reversal in profitability. Revenue from operations stood at Rs. 10,196.47 lakhs (Rs. 4,290.40 lakhs in FY2025). However, Note 4 of the financial statements reveals the company undertook a detailed reassessment of cost estimates on project management service contracts during the year, resulting in a downward revision of Rs. 2,553 lakhs in revenue recognized for the year due to revised project costs, reassessment of completion stages, and customer policy changes. This restatement was accounted for prospectively under Ind AS 8. The company also faced a negative operating cash flow of Rs. 344.35 lakhs. The statutory auditor issued an unmodified opinion on the financial statements, and there are no going concern or qualified opinion issues. The Board also re-appointed S.M. Kulkarni and Co. as internal auditors for FY2026-27.
The massive swing to net loss, combined with a Rs. 2,553 lakh revenue restatement and negative operating cash flow, signals significant deterioration in financial health. The clean audit opinion provides some comfort, but investors should closely monitor the company's ability to return to profitability given the project cost reassessment issues.