Dhatre Udyog Limited has announced the approval of its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors considered and approved these results, which indicated a net loss for the period. The accompanying Limited Review Report from the statutory auditor expressed a modified opinion. The company has also suspended its business activities and is evaluating real estate development opportunities.
Financial Performance for Q1 FY27
Dhatre Udyog Limited’s Board of Directors convened on August 11, 2026, to review and approve the unaudited financial results for the quarter ended June 30, 2026. The results, which have been subjected to a limited review by the statutory auditor, M/s. P. D. Rungta & Co., Chartered Accountants, were presented. The financial statements reveal a net loss for the period, a significant point for investor consideration.
Auditor’s Review and Opinion
The independent auditor has provided a modified opinion on the financial results. The basis for this qualification highlights that balances related to trade receivables, advances, and trade payables are subject to confirmations and adjustments. Without these pending confirmations and reconciliations, the consequential impact on the financial statements could not be fully ascertained. The auditor also noted that the company has drawn attention to Note 4 regarding the cessation of manufacturing operations and preparation of financial statements on a going concern basis, and their opinion is not modified in respect of this matter.
Operational Update
In a significant operational update, the company has suspended its business activities. As a result, there is no separate reportable segment as per Ind AS 108 “Operating Segment”. Furthermore, the company is currently evaluating opportunities to undertake real estate development on its land situated at Jamshedpur, following the disposal of its manufacturing unit and factory land in the previous year.
Key Financial Highlights (Unaudited):
- Profit for the period (Loss): (29.28) lakhs for the quarter ended June 30, 2026.
- Total Other Comprehensive Income: 602.50 lakhs for the quarter ended June 30, 2026.
- Profit for the Period (X+XI): 573.22 lakhs for the quarter ended June 30, 2026.
- Earnings Per Equity Share (Basic & Diluted): (0.03) Rs. for the quarter ended June 30, 2026.
Source: BSE
