Dhruv Consultancy Services Limited has been awarded a significant contract by the National Highway Authority of India (NHAI), further solidifying its position in the infrastructure consulting sector. The company has been appointed as a supervision consultant for four highway packages in Maharashtra, spanning a total of 44.5 kilometers.

Contract Details

Project Segments

The contract covers multiple highway segments, including:

1. JNPT package 1: km 3.600 to 6.073 of NH-4B and from Km 5.300 to Km 7.422 of NH-348 (old SH-54)
2. JNPT package 2: Gavanphata Interchange from 14.740 to km 15.894 (Old SH-54)
3. JNPT Package 3: from Km-7.422 - Km-13.160 and Amra Marg from Km-0.000 - Km-5.360
4. JNPT Package 4: from Km 21.200 To km 27.270 (D to E section) and from Km 0.000 to km 4.492 (D to G section)

This appointment underscores Dhruv Consultancy Services' expertise in highway infrastructure supervision and its growing relationship with NHAI. The contract, which focuses on operation and maintenance supervision, is expected to contribute to the efficient management of these crucial highway sections in Maharashtra.

The company's role will be pivotal in ensuring the proper maintenance and operation of these highway segments, which are likely to play a significant role in enhancing connectivity and facilitating smoother transportation in the region.

As infrastructure development continues to be a key focus area for India, contracts such as these highlight the ongoing efforts to improve and maintain the country's highway network. For Dhruv Consultancy Services, this project represents an opportunity to further establish its credentials in the infrastructure consulting space.

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.