Dhara Rail Projects secures Rs 5.60 crore order from Ministry of Railways

Dhara Rail Projects Limited has secured a work order worth Rs 5,60,49,035.31 from the Ministry of Railways for repair and maintenance services. The contract, awarded under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, covers a period of two years and involves the maintenance of Cummins Engines and major components of 8-Wheeler Tower Wagons across multiple depots under the Lumding Division.

The order was intimated to the exchanges on May 27, 2026. The contract specifically pertains to B, C & D Checks for Cummins Engines and the maintenance of major components for 8-Wheeler Tower Wagons. The work will be executed across depots including ABSA, AGTL, DMR, UDPU, ARCL, BPB, KXJ, LLBR, DSR, MUPA, and NHLG within the Lumding Division in Assam.

Contract Details

The disclosure was made in compliance with Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and a specific SEBI circular dated July 13, 2023. The company confirmed that the order is from a domestic entity and that there are no interests held by the promoter or promoter group in the entity awarding the contract.

Sr. No.	Particulars	Details
1.	Name of the entity	Ministry of Railways, Sr. DEE/TRD/LMG, Lumding Division, Assam
2.	Entity Type	Domestic
3.	Contract Terms	Repair & Maintenance Service Contract for Cummins Engine (B, C & D Checks) and Major Components of 8-Wheeler Tower Wagon
4.	Time Period	24 Months
5.	Order Value	Rs 5,60,49,035.31 (including GST)
6.	Promoter Interest	No
7.	Related Party Transaction	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.16%	+5.33%	+13.18%	-19.05%	-19.05%	-19.05%

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.