Dhara Rail FY26 PAT surges 143.2% to ₹15.44 crore

Dhara Rail Projects Limited reported a 143.2% year-on-year increase in profit after tax to ₹15.44 crore for the financial year ended March 31, 2026, driven by strong operating leverage. Revenue from operations grew 27.5% to ₹56.74 crore, while the EBITDA margin expanded by 1,872 basis points to 37.9%. The company’s board approved the audited consolidated financial results at a meeting on May 25, 2026.

The statutory auditors issued an unmodified opinion on the annual standalone audited financial results. For the half-year ended March 31, 2026, the company reported a net profit of ₹2.74 lakh, with revenue from operations at ₹97.31 lakh. Total expenditure for the financial year was ₹2.05 crore.

Financial Performance

The company’s financial results for the year and half-year ended March 31, 2026, are detailed below.

Metric	FY26 (₹ in Lakhs)	Half Year FY26 (₹ in Lakhs)
Revenue from Operations	2,051.54	97.31
Total Income	2,057.54	97.37
Total Expenditure	2,051.54	94.63
Net Profit for the Year	5.67	2.74
Earnings Per Share (Basic)	6.33	2.74

Auditor and Committee Appointments

Based on the recommendation of the Audit Committee, the Board reappointed M/s. H.B. Purohit & Co. as Internal Auditors for the financial year 2026-27. Additionally, M/s. Murtuza Mandorwala & Associates were appointed as Secretarial Auditors for a term of five financial years, from 2026-27 to 2030-31.

Capital and Segment Information

During FY26, the company issued 1,10,00,000 bonus equity shares in the ratio of 110:1. The company also completed an Initial Public Offering (IPO) of 39,84,000 equity shares at an issue price of ₹126 per share, listing on the NSE Emerge platform on December 31, 2025. As the company is exclusively engaged in railway-related works, it operates in a single business segment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.74%	+10.31%	+18.74%	+1.59%	+1.59%	+1.59%

Dhara Rail Projects Limited has secured a work order worth Rs 1,66,90,342.71 from the Ministry of Railways for coach alteration in electrical systems. The order, inclusive of GST, was received on May 23, 2026, under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The project entails electrical system alterations in 150 coaches, specifically 50 coaches of 2-Tier LHB and 100 coaches of 3-Tier LHB. The contract duration is set at 12 months. The order was awarded by the Dy. Chief Electrical Engineer/WS at the Mechanical Workshop, N.E. Railway Gorakhpur, Uttar Pradesh.

Order Details

Particulars	Details
Client	Ministry of Railways
Nature of Work	Coach alteration in electrical system in 1000 Coaches of 2-Tier LHB (Allotted Qty 50 Nos) and 4000 Coaches of 3-Tier LHB (Allotted Qty 100 Nos)
Order Value	Rs 1,66,90,342.71 (including GST)
Duration	12 Months
Entity Type	Domestic

The disclosure confirms that the promoter or promoter group has no interest in the entity that awarded the order. The transaction does not fall within related party transactions.