Dhruv Consultancy Services Limited reported a consolidated net loss of ₹2,848.43 lakh for the financial year ended March 31, 2026, a significant reversal from the net profit of ₹695.02 lakh recorded in the previous year. The company’s total revenue for FY26 fell to ₹4,395.60 lakh, a sharp decline from ₹10,352.06 lakh in FY25, driven by a substantial decrease in income from operations. The statutory auditors, M/S. S.N. Karani & Co., issued an audit report with an unmodified opinion on the financial results.

The decline in financial performance was attributed to a detailed reassessment of cost estimates related to revenue recognized on certain project management service contracts. According to the notes to the financial results, the revision in estimated margins arose due to upward revisions in project costs, reassessment of the stage of completion, extensions of time on projects, and policy changes by customers. Consequently, the company recognized a decrease in revenue of ₹2,553 lakh during the year, with a corresponding reduction in unbilled revenue, accounted for prospectively under Ind AS 8.

For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹7.40 lakh, compared to a net profit of ₹203.94 lakh in the same quarter of the previous year. Total revenue for Q4 FY26 stood at ₹859.29 lakh, down from ₹2,802.94 lakh in Q4 FY25. Expenses for the quarter totaled ₹1,827.15 lakh, slightly higher than the ₹1,825.35 lakh reported in the preceding quarter ended December 31, 2025.

The Board of Directors, in its meeting held on May 28, 2026, approved the audited standalone and consolidated financial results. Additionally, upon the recommendation of the Audit Committee, the Board approved the re-appointment of M/S. S. M. Kulkarni and Co. as internal auditors for FY27. The firm has been appointed for a term of one year, effective from April 1, 2026, to March 31, 2027.

The company’s balance sheet as of March 31, 2026, showed total consolidated assets of ₹11,866.28 lakh, a decrease from ₹14,350.19 lakh in the previous year. Total equity and liabilities stood at ₹11,866.28 lakh, with equity decreasing to ₹7,220.72 lakh from ₹10,350.35 lakh. The notes also confirmed that the interim stay granted by the Honorable High Court of Madras on the NHAI debarment order remains in force, maintaining the status quo.

Financial Summary for FY26

Dhruv Consultancy Services has secured a Letter of Award from National Highway Logistics Management Limited (NHLML) to develop, operate, and maintain wayside amenities on National Highway-52 in Maharashtra. The 15-year lease contract, received on June 1, 2026, marks the company's entry into the infrastructure segment, expanding its existing business portfolio. The project involves the development of amenities at the Karodi-Telwadi/Verul site under the Project Implementation Unit Aurangabad.

The appointment follows a tender process (Tender ID: 2025_NHAI_241953_1) for seven rebid operation and maintenance sites. Dhruv Consultancy Services is required to furnish a performance security deposit within 30 days of the Letter of Award issuance. The lease duration spans 15 years from the date of the agreement, which includes an 8-month rent-free development period.

The financial terms of the agreement stipulate an annual lease rent of ₹64,80,000 payable to NHLML. The contract was awarded via Letter No. NHLML-WSA/10/2025-NHLML_WEST/E-2239/306 dated May 26, 2026. The company confirmed that the order has been awarded by a domestic entity and does not involve any related party transactions.

The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that neither the promoter group nor group companies hold any interest in the entity awarding the contract.

Project Details