Dhara Rail Projects Limited Announces Audited Financial Results and Auditor Appointments for FY 2025-2026
Dhara Rail Projects Limited, DRPL, confirmed the outcome of its Board meeting held on May 25, 2026, announcing the release of audited Standalone and Consolidated Financial Results for the Half Year and the full financial year ended March 31, 2026.The Company reported that M/s. Mundra & Co., Statutory Auditors, issued an unmodified opinion on the financial results.
Financial Performance Summary
The audited financials detail the operational and balance sheet status for the group. Key figures for both standalone and consolidated results are presented below:Standalone Financial Results (Amount in Rs. Lakhs)
| Metric | 31.03.2026 | 31.03.2025 |
|---|---|---|
| Total Equity and Liabilities | ||
| Shareholders' Funds | 1,508.40 | 10.00 |
| Total Equity and Liabilities | 7,348.95 | 1,267.42 |
| Total Assets | ||
| Total Equity and Liabilities | 9,919.50 | 4,623.62 |
Consolidated Financial Results (Amount in Rs. Lakhs)
| Metric | 31.03.2026 | 31.03.2025 |
|---|---|---|
| Total Equity and Liabilities | ||
| Shareholders' Funds | 7,364.51 | 1,291.99 |
| Total Equity and Liabilities | 10,18.82 | 1,376.31 |
| Total Assets | ||
| Total Equity and Liabilities | 9,919.50 | 4,623.62 |
Profit and Loss Statement Overview
The Statement of Profit and Loss highlights the total income for both consolidated and standalone entities.| Period | Total Income (Rs. Lakhs) |
|---|---|
| Consolidated (Year Ended 31.03.2026) | 4,444.42 |
| Consolidated (Year Ended 31.03.2025) | 3,514.11 |
| Standalone (Year Ended 31.03.2026) | 5,639.4A |
| Standalone (Year Ended 31.03.2025) | 4,369.96 |
Cash Flow Highlights
The Cash Flow Statement provides an insight into the cash movements for the period.| Period | Net Cash Flow from Operating Activities (Rs. Lakhs) |
|---|---|
| Consolidated (For the year ended 31.03.2026) | (734.57) |
| Standalone (For the year ended 31.03.2026) | 2,051.54 |
Capital Structure and Corporate Actions
In addition to the financial statements, the Company provided details on significant corporate activities during the financial year (FY 25-26):- Bonus Shares: During the financial year 25-26, the Company issued 1,10,00,000 equity shares of Rs. 10 each as fully paid-up bonus shares to existing equity shareholders at a ratio of 110:1.
- Initial Public Offering (IPO): The Company completed an Initial Public Offering (IPO) of 39,84,000 equity shares with a face value of Rs. 10 each, at an issue price of Rs. 126 per share (including a share premium of Rs. 116 per share). The shares were listed on the SME Platform of National Stock Exchange of India Limited ("NSE Emerge") on December 31, 2025.
The utilization of the IPO proceeds is detailed in the following table (Amount in Rs. Lakhs):
| Item Heads | Proposed Amount | Amount Spent till 31.03.2026 | Amount Unspent till 31.03.2026 |
|---|---|---|---|
| Repayment/Pre-payment of borrowing | 700 | 700 | 0.00 |
| To Meet Working Capital Requirements | 3050 | 749.62 | 2300.38 |
| General Corporate Purpose | 686.75 | 215.95 | 470.80 |
| Issue related expenses | 583.09 | 573.92 | 9.17 |
| Total | 5019.84 | 2239.48 | 2780.36 |
Appointment of Statutory Auditors
The Board of Directors, based on recommendations from the Audit Committee, confirmed the appointment of specialized auditors for the Company:- Internal Auditor: M/s. H.B. Purohit & Co., Practicing Chartered Accountant, was appointed to conduct the Internal Audit for the financial year 2026-27.
- Secretarial Auditor: M/s. Murtuza Mandorwala & Associates, a Peer Reviewed Company Secretaries in Practice, was appointed as the Secretarial Auditor for a five-year term, covering the financial years 2026-27 to 2030-31.
DHARARAIL Stock Price Movement
Today, Dharara Rail Projects Limited shares edged higher, closing at ₹135.85 after gaining 6.29% from the previous day's close of ₹127.95. The stock saw strong trading activity today, recording a total volume of 84,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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