Dhruv Consultancy Services Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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Dhruv Consultancy Services reported deeply negative results for Q3 FY26, swinging to a standalone net loss of about Rs 3,097 lakhs versus a small profit in the previous quarter. For the nine months ended December 31, 2025, total revenue fell roughly 53% year-on-year to Rs 3,536 lakhs (from Rs 7,549 lakhs), and the company posted a net loss of about Rs 2,837 lakhs compared to a profit of Rs 491 lakhs in the same period last year. The sharp deterioration is mainly because the company changed its method of estimating project progress on certain project management contracts under Ind AS 115, which cut revenue by Rs 2,497 lakhs and unbilled receivables by Rs 613 lakhs. The statutory auditor flagged this change as an Emphasis of Matter in the limited review report. Earnings per share for the quarter was Rs (16.35) and operating margin was deeply negative at around -540% for the quarter and -80% for nine months. The NHAI debarment order from March 2025 remains stayed by the Madras High Court.
This is a sharply negative result for shareholders. The accounting estimate change has wiped out most of the year's revenue and pushed the company into a sizeable loss, which is likely to weigh on the stock price. Investors should also keep an eye on the pending NHAI debarment case, as an adverse outcome could further impact business.