Dhruv Consultancy Services Limited , a leading infrastructure consultancy company in India, has reported its financial results for the second quarter of fiscal year 2026, showcasing steady performance and strategic expansion into new sectors.

Financial Performance

For Q2FY26, Dhruv Consultancy achieved a consolidated revenue of INR 19.40 crores. The company maintained an EBITDA margin of 10.95% and a PAT (Profit After Tax) margin of 5.19%. These figures indicate a stable performance amid challenges faced by the infrastructure sector.

Order Book and Execution Timeline

The company maintains a robust unexecuted order book of INR 200.00 crores, which is expected to be executed over the next 2.5 to 3 years. This provides visibility for future revenue streams and underscores the company's strong market position.

Strategic Expansion and Diversification

Dhruv Consultancy has made significant strides in expanding its service offerings and geographical reach:

Aviation Sector Entry

The company has strategically entered the aviation sector through an appointment by Maharashtra Airport Development Company Limited (MADC) for consultancy services on the construction of link taxiways in MIHAN, Nagpur. This project, valued at INR 1.63 crores with a 20-month timeline, marks Dhruv's diversification beyond its core competencies in bridges and highways.

New Empanelments

The company has secured several key empanelments:

• ATCC Class-1 Consultant by the Public Works Department for traffic census and classification-related consultancy services.
• 'A' category empanelment by MSIDC for the preparation of Detailed Project Reports (DPRs) for road projects valued at over INR 36,000.00 crores.
• Empanelment by the Odisha Bridge and Construction Corporation Limited as a consulting agency for supervision of roads and bridges.

Geographical Expansion

With the Odisha empanelment, Dhruv Consultancy has strengthened its presence in Eastern India, complementing its existing strong foothold in other regions of the country.

Management Outlook

The management of Dhruv Consultancy expects improved performance in Q3 and Q4, driven by new sector diversification and client expansion beyond traditional highway projects. The company's strategy focuses on expanding its sectoral expertise, enhancing digital integration in project management, and scaling operations across emerging markets.

Conclusion

Dhruv Consultancy's Q2FY26 results and recent strategic moves demonstrate the company's resilience and adaptability in a challenging market environment. By diversifying into new sectors like aviation and securing empanelments across various states, the company aims to position itself for sustainable growth. However, investors should monitor how these new ventures translate into revenue growth and margin improvements in the coming quarters.

As the infrastructure sector in India continues to evolve, Dhruv Consultancy's efforts to expand its service portfolio and geographical reach may position it to capitalize on emerging opportunities in the infrastructure consulting space.

Dhruv Consultancy Services Limited (DCSL), a leading infrastructure consultancy company in India, has announced its unaudited financial results for the second quarter and first half of the fiscal year 2026. The company reported a total income of ₹40.80 crore from its core consultancy operations in H1 FY26, demonstrating its continued growth in the infrastructure sector.

Financial Highlights

DCSL's financial performance for Q2 and H1 FY26 is summarized in the following table:

The company's performance reflects a robust project pipeline, efficient execution, and sustained demand in both domestic and international markets.

Key Operational Developments

DCSL has secured significant empanelments that are expected to enhance its market position and growth prospects:

1. Public Works Department (PWD) Empanelment: DCSL has been empanelled as an ATCC Class-I Consultant by the PWD for traffic census and classification-related consultancy services. This empanelment is valid for three years.

2. Maharashtra State Infrastructure Development Corporation (MSIDC) Empanelment: The company has been empanelled under the 'A' Category as a Consultant for DPR (Detailed Project Report) preparation for road projects of MSIDC. This empanelment enables DCSL to bid for projects worth over ₹36,000 crore and is valid for three years. It complements the company's existing role as PMC (Project Management Consultant) for 11 MSIDC packages.

These empanelments significantly expand DCSL's eligibility to bid for large-scale infrastructure projects, potentially increasing its addressable market and long-term growth visibility.

Management Commentary

Mrs. Tanvi Dandawate Auti, Managing Director of DCSL, expressed satisfaction with the company's performance, stating, "We are pleased to report a total income of ₹40.80 crore in H1 FY26 across our core consultancy operations." She emphasized the company's strategic focus on operational excellence, digital integration, and timely delivery as key drivers of consistent performance.

Mrs. Auti also highlighted the significance of the recent empanelments, noting that they enhance the company's ability to participate in large-scale infrastructure projects. She expressed confidence in sustaining growth and delivering long-term value to stakeholders, citing an expanding order pipeline and strengthened institutional relationships.

As Dhruv Consultancy Services continues to strengthen its position in the infrastructure consultancy sector, investors and market watchers may keep a close eye on the company's ability to capitalize on these new opportunities and maintain its growth trajectory in the coming quarters.