DRA Consultants Ltd has approved the renewal of its credit arrangement facilities with ICICI Bank during a board meeting held on July 22, 2026. The approval covers Bank Guarantees, Cash Credit (CC) Limits, and Overdraft (OD) Limits, along with any subsequent amendments to the credit arrangement. This decision ensures continued access to working capital and financial guarantees for the company's operations. The board also reviewed the business operations and quarterly performance for the period ended June 30, 2026, assessing revenue, expenses, cash flow, and existing projects.

Key Approvals

The Board of Directors deliberated on the following matters:

• Renewal of Credit Arrangement Facilities with ICICI Bank regarding Bank Guarantee, CC Limits, and OD Limits.
• Review of business operations and quarterly performance as on June 30, 2026, including revenue, expenses, cash flow, work in hand projects, and future projects.

Meeting Details

DRA Consultants reported a 7.5% rise in net profit to ₹289.30 lakh for the financial year ended March 31, 2026, driven by higher revenue from operations. The company's revenue from operations increased 19.3% to ₹2559.42 lakh from ₹2146.08 lakh in the previous year. Total income for the year stood at ₹2639.90 lakh, compared to ₹2230.13 lakh in FY25.

The board of directors approved the audited financial statements for the half year and year ended March 31, 2026, at a meeting held on May 28, 2026. The results were reviewed by the audit committee prior to approval. M/s K N D & Associates, Chartered Accountants, issued an un-modified opinion on the standalone financial results.

Total expenses for the year rose to ₹2254.08 lakh from ₹1869.01 lakh in the previous year. Employee benefits expense increased to ₹719.50 lakh, while other expenses stood at ₹1420.42 lakh. Finance costs decreased to ₹13.85 lakh from ₹27.01 lakh in FY25. Profit before tax for the year was ₹385.82 lakh, up from ₹361.12 lakh in the previous year.

The basic and diluted earnings per equity share for FY26 stood at 2.64, compared to 2.45 in the previous year. For the half year ended March 31, 2026, profit after tax was ₹192.62 lakh. The company operates as a single segment engaged in the consultancy business and has not adopted the Indian Accounting Standard (IND AS).

The board appointed M/s D N Tonpe & Co., Chartered Accountants, Nagpur as the internal auditor for FY 2026-27. The appointment is effective from April 1, 2026, to March 31, 2027. The company's cash and cash equivalents at the end of FY26 stood at ₹479.11 lakh.

Financial Performance for FY26