Outcome of Board Meeting for the quarter and financial year ended March 31, 2026.
Price
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Dhruva Capital Services reported a turnaround in FY26 with net profit of ₹162.01 lakh compared to a net loss of ₹110.84 lakh in FY25. Revenue from operations grew 46% to ₹310.94 lakh from ₹212.88 lakh. The profit was boosted by exceptional NPA recovery of ₹236.93 lakh, though the company also recorded a ₹107.50 lakh reversal of NPA provision. The auditors issued an unmodified (clean) opinion. The company raised ₹1,830.75 lakh via preferential issue in July 2025, which was fully utilized for working capital with no deviation. Borrowings nearly doubled from ₹525 lakh to ₹1,270 lakh, while the loan book expanded from ₹1,936 lakh to ₹2,963 lakh. Operating cash flow remained deeply negative at -₹1,044 lakh, a significant deterioration from -₹601 lakh in the prior year. The company appointed M/s. Vikash Chamaria & Company as internal auditor for FY27.
While the company returned to profitability and raised substantial capital, the persistent negative operating cash flow and rapid expansion in borrowings and loan book present liquidity risks that shareholders should monitor closely. The clean audit opinion is a positive sign.