Audited Financial Results for the quarter and financial year ended March 31, 2026
DNAMEDIA · price
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Diligent Media Corporation reported a massive revenue decline to Rs 65,088 lakhs for FY26 from Rs 131,919 lakhs in FY25, a drop of about 51%. The company posted a loss after tax of Rs 883.54 lakhs compared to a profit of Rs 1,361.88 lakhs in the previous year. A significant deferred tax asset of Rs 651.44 lakhs was reversed due to uncertainty about future taxable income. The company has negative net worth of Rs 25,259.50 lakhs and negative other equity of Rs 26,436.58 lakhs. The auditor issued a qualified opinion citing uncertainty around inter corporate deposits of Rs 17,340.27 lakhs given to Veena Investments Private Limited and NCRPS redemption pending shareholder/stock exchange approval. The auditor also highlighted material uncertainty about the company's ability to continue as a going concern.
The company is in severe financial distress with negative net worth, operating losses, and negative cash flows. The qualified audit opinion and going concern warning signal high risk for shareholders. The pending NCRPS reduction scheme and SEBI settlement proceedings add further uncertainty.