Financial Results for the year ended 31st March,2025
Awaiting price reaction for this filing.
Dugar Housing Developments Limited reported FY25 results showing revenue from operations crashing from Rs 30.23 lakh to just Rs 0.19 lakh year-on-year (a ~99% decline). Despite this, the company posted a small profit after tax of Rs 3.50 lakh versus a loss of Rs 20.26 lakh last year, mainly because other expenses also fell and there was a modest positive fair-value gain on investments. Total expenses stood at Rs 26.73 lakh. The balance sheet remains weak: other equity is deeply negative at Rs (116.93) lakh, giving negative net worth of Rs (86.93) lakh, while total borrowings are about Rs 110.51 lakh (current Rs 98.74 lakh + non-current Rs 11.77 lakh). Cash and equivalents fell to Rs 0.25 lakh. Statutory auditor M Sahu & Co. issued an unmodified opinion, though the 'Other Matter' paragraph confirms an auditor change during the year — the predecessor auditor covered the first three quarters.
The reported profit is not meaningful given near-zero operating revenue and a negative net worth that signals financial stress; shareholders should treat the headline PAT flip as low quality. Negative book value plus heavy borrowings (debt/equity effectively undefined) raises going-concern-type concerns even though the auditor did not flag a material uncertainty.