Un-audited Financial Results.
Awaiting price reaction for this filing.
Dugar Housing Developments Limited reported nil revenue from operations for Q2 FY26 (ended Sep 30, 2025) with only Rs 8.80 lakhs of other income, versus Rs 30.00 lakhs total revenue in Q2 FY25. The company posted a loss before tax of Rs 4.96 lakhs for the quarter and Rs 18.31 lakhs for H1 FY26, compared to a profit of Rs 27.89 lakhs and Rs 23.11 lakhs respectively in the prior-year periods. EPS for the half year stood at (Rs 0.02). However, the balance sheet shows a major capital infusion — equity share capital jumped from Rs 30 lakhs to Rs 970 lakhs and cash & bank balances surged to Rs 1,123 lakhs, indicating a fresh equity raise of around Rs 1,128 lakhs during the half year. Operating cash flow remained negative at Rs (24.91) lakhs. The statutory auditor (M Sahu & Co) issued an unmodified limited review report with no qualifications.
The sharp swing to losses and vanishing operational revenue is a clear negative for shareholders, though the substantial fresh capital infusion and clean auditor opinion reduce immediate going-concern worries and provide runway for future operations. Stock price impact may be muted if the market views this as a transitional/recapitalisation phase rather than a structural decline.