Dhatre Udyog Ltd Releases Quarterly Results amid Manufacturing Cessation and Land Development Plans
Dhatre Udyog Ltd released its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors reviewed and approved the results, which were examined by Statutory Auditor M/s P D Rungta & Co., Chartered Accountants, who issued a limited review report on the figures.The company’s results were presented alongside those for the preceding three months ended March 31, 2026. Key financial metrics across these periods are detailed below:
| Financial Metric | Q1 Ended 30/06/2026 (Unaudited) | FY Ending 31/03/2026 (Audited) |
|---|---|---|
| Total Income | 931.14 | 1,141.47 |
| Purchase of stock-in-trade | 757.57 | 766.33 |
| Changes in Inventories of Finished & Traded Goods | 119.42 | 1,360.14 |
| Total Expenses | 918.50 | 1,360.14 |
| Profit Before Tax (PBT) | (28.65) | 218.66 |
| Profit for the Period / Year | (29.28) | 182.09 |
The company noted that while it has ceased manufacturing operations, its financial statements were prepared on a going concern basis. This assessment is based on management’s view that planned real estate development and other available resources will enable the company to continue its business operations.
Operational Transition and Asset Disposal
The Board of Directors had previously approved the closure of the company's manufacturing operations in February 2025 due to factors including plant ageing, machinery obsolescence, and resulting increases in production costs.As no viable offer was secured for the sale of the entire manufacturing unit as a going concern, Dhatre Udyog Ltd disposed of its plant and machinery as scrap and sold the factory land separately. The company is currently evaluating real estate development opportunities concerning its land located at Jamshedpur.
Auditor’s Qualified Conclusion
The audit review conducted by the Statutory Auditors included an assessment of the results against accounting standards for interim financial reporting (Ind AS 34). However, the auditors issued a qualified conclusion regarding the reviewed statements.The basis for the qualified opinion was stated as balances related to Trade receivables, Advances at Debit / Credit and Trade Payables being subject to pending confirmations and adjustments, preventing the full determination of their consequential impact on the financial statements.
In addition to reporting the results, the company’s notes provided crucial context regarding its operations. It confirmed that the cessation of manufacturing activities was a direct result of technology and plant ageing, leading to increased costs in production. The management has prepared the accompanying financial statements based on the understanding that their proposed real estate development could sustain continuity of business obligations.
Stock Price Movement
Dhatre Udyog Ltd shares are ticking up as of 15:05, currently trading at ₹4.17, which reflects a strong gain of +0.97%. The stock has shown volatility intraday, moving between a low of ₹4.14 and an intraday high of ₹4.49.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.