DHP India Limited reported a net profit of ₹469.68 lakh for the first quarter ended June 30, 2026 (Q1FY27), marking a 2.9% year-on-year increase from ₹456.46 lakh in the corresponding period of FY26. Revenue from operations grew by 10% to ₹2,261.21 lakh, reflecting steady demand in its core engineering goods manufacturing segment. The results, reviewed by statutory auditors NKSJ & Associates under Regulation 33 of the SEBI (LODR) Regulations 2015, highlight the company’s ability to maintain profitability despite moderate top-line growth, supported by disciplined cost management.

The Board of Directors approved the unaudited standalone financial results on August 12, 2026, following a limited review by NKSJ & Associates. The audit committee concluded its meeting at 11:30 AM, after which the board approved the results at 11:30 AM on the same day. The financial statements were prepared in accordance with Ind AS 34 and Schedule III of the Companies Act, 2013. CA Sneha Jain (Membership No. 234454) signed the limited review report with UDIN 26234454ZYBDQH3257.

Financial Performance Highlights

Revenue from operations, net of GST, stood at ₹2,261.21 lakh, compared to ₹2,059.94 lakh in Q1FY26. Sale of products contributed ₹1,971.12 lakh, up from ₹1,819.62 lakh in the prior year quarter. Other operating income increased to ₹335.07 lakh from ₹277.03 lakh. Total expenses were contained at ₹1,626.42 lakh, slightly lower than the ₹1,637.32 lakh incurred in Q1FY26, aiding margin stability. Cost of materials consumed rose to ₹1,006.51 lakh from ₹988.84 lakh, while employee benefits expense increased to ₹366.77 lakh from ₹332.06 lakh.

Investment Gains Drive Comprehensive Income

A key driver of the quarter’s overall financial health was the unrealised gain on investments. The company reported an unrealised gain of ₹1,997.00 lakh on the valuation of fair market value of investments in equity and debt mutual funds and ETFs. After accounting for deferred tax liabilities of ₹411.25 lakh, the net other comprehensive income (OCI) amounted to ₹1,585.75 lakh. This significantly boosted the total comprehensive income to ₹2,055.43 lakh, a sharp contrast to the loss of ₹1,438.68 lakh in the preceding quarter.

The management noted further investment in mutual funds during the quarter totaling ₹779.96 lakh. These investments are recognised as other comprehensive income, with deferred tax liabilities calculated accordingly. This strategy highlights the company’s focus on capital preservation and growth through diversified financial instruments alongside its core manufacturing business.

Balance Sheet and Operational Metrics

DHP India Limited continues to operate without external debt, resulting in a non-applicable debt service coverage ratio and debt-equity ratio. The interest service coverage ratio improved to 47.81 from 41.75 in the previous quarter, indicating strong ability to meet interest obligations from operating profits. Net worth increased to ₹25,735.38 lakh from ₹23,679.95 lakh in Q4FY26, supported by retained earnings and other equity reserves. Paid-up equity share capital remained unchanged at ₹300.00 lakh.

dhp india has appointed Mr. Sukanto Kumar Sahu as its Cost Auditor for the financial year 2026-27, following the resignation of the incumbent auditor. The Board of Directors approved the appointment and the acceptance of the resignation during a meeting held on May 30, 2026. The change in the cost auditor position is effective immediately for the upcoming fiscal year.

Mr. Kishore Majumdar, the existing Cost Auditor, tendered his resignation on May 30, 2026, citing ill health as the reason for stepping down. His resignation comes after he signed the Cost Audit Report for the financial year 2025-26. The Board accepted his resignation and recorded its appreciation for the professional services rendered during his tenure.

The new appointee, Mr. Sukanto Kumar Sahu, is a Practicing Cost Accountant and the proprietor of M/s. S. K. Sahu & Associates. He has been appointed to conduct the cost audit for the period from April 1, 2026, to March 31, 2027. The appointment is subject to the approval of the Central Government.

The Board has fixed the remuneration for the new Cost Auditor at ₹25,000 plus GST. Mr. Ashok Kumar Singh, Chief Financial Officer of the company, has been authorized to issue the final appointment letter. Additionally, Mr. Asheesh Dabrial, Managing Director, is authorized to file the necessary Form No. CRA-2 with the Central Government regarding this appointment.

The company disclosed that Mr. Sukanto Kumar Sahu holds a Certificate of Practice from the Institute of Cost Accountants of India and is free from any disqualifications specified under the Companies Act, 2013. The firm confirmed that there are no pending orders or proceedings against it relating to professional conduct before any competent authority.