News Earnings Dion Global Solutions Reports Q3FY26 Profit of ₹68.89 Lakhs Despite Ongoing Insolvency ProcessDion Global Solutions Reports Q3FY26 Profit of ₹68.89 Lakhs Despite Ongoing Insolvency Process
Dion Global Solutions Ltd. reported a significant financial turnaround with Q3FY26 profit of ₹68.89 lakhs versus ₹48.70 lakhs loss in Q3FY25, while revenue increased to ₹373.81 lakhs from ₹239.56 lakhs. The company, under CIRP since August 2020, achieved nine-month profit of ₹26.92 lakhs against previous year's loss of ₹153.99 lakhs. The Committee of Creditors has approved a resolution applicant, with final NCLT approval pending.
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Dion Global Solutions Ltd., currently undergoing Corporate Insolvency Resolution Process (CIRP), has reported a remarkable financial turnaround in its Q3FY26 results. The company achieved a profit after tax of ₹68.89 lakhs for the quarter ended December 31, 2025, marking a significant recovery from the loss of ₹48.70 lakhs recorded in the corresponding quarter of the previous year.
Financial Performance Overview
The company's financial results were submitted by Resolution Professional Pardeep Kumar Lakhani under Regulation 33 of SEBI (LODR) Regulations, 2015. The results demonstrate substantial improvement across key financial metrics.
| Financial Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹373.81 lakhs | ₹239.56 lakhs | +56.05% |
| Total Revenue | ₹376.88 lakhs | ₹242.99 lakhs | +55.11% |
| Profit/(Loss) After Tax | ₹68.89 lakhs | (₹48.70 lakhs) | Turnaround |
| EBITDA | ₹70.59 lakhs | (₹46.66 lakhs) | Positive swing |
Nine-Month Performance
For the nine-month period ended December 31, 2025, the company maintained its positive trajectory with total revenue of ₹958.26 lakhs compared to ₹720.00 lakhs in the previous year. The company achieved a profit after tax of ₹26.92 lakhs for the nine-month period, reversing the loss of ₹153.99 lakhs from the corresponding period last year.
Corporate Insolvency Resolution Process Status
Dion Global Solutions has been under CIRP since August 18, 2020, following an order by the Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench. The powers of the Board of Directors remain suspended, with Resolution Professional Pardeep Kumar Lakhani managing the company's operations under Section 17 of the Insolvency and Bankruptcy Code, 2016.
A significant development in the resolution process has occurred with the Committee of Creditors approving M/s Indus IntelliRisk & IntelliSense Services Private Limited as the Resolution Applicant. The resolution plan is currently pending final approval before Hon'ble NCLT under Section 31 of the Insolvency and Bankruptcy Code 2016.
Operational Challenges and Compliance
The financial results were prepared under challenging circumstances, as all executive directors, CFO, and Company Secretary had resigned before the commencement of CIRP. The Resolution Professional engaged present employees and hired consultants to prepare these financial statements for regulatory compliance.
The company operates primarily in the Software Product and Services business, which management considers the only reportable business segment. The auditors noted that license fee revenue may vary from quarter to quarter due to the nature of the business.
Auditor's Qualified Opinion
NGMKS & Associates, Chartered Accountants, issued a qualified conclusion on the financial results, highlighting concerns about the company's going concern ability due to substantial negative net worth, accumulated losses, and defaults in loan repayments. Despite these qualifications, the auditors found no material misstatements in the financial results prepared in accordance with Indian Accounting Standards.
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