| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | Revenue reached ₹15.91Cr, up significantly from previous quarters. |
|---|---|
| Margins | Operating margin at -23% due to high upfront mobilization costs. |
| Order book | Unexecuted order book stands at a record ₹300Cr. |
| Demand visibility | Strong visibility through NHAI, Railways, and new international empanelments. |
| Management confidence | Balanced; acknowledging current losses while highlighting record-high order book value. |
Growth
Revenue grew significantly from ₹8Cr in Q4 FY26 to ₹15.91Cr in Q1 FY27.
Outlook
Order book of ₹300Cr expected to convert at 15-20% annually with billing starting in Q3.
Risks
Negative 23% operating margins and paper losses from contract value revisions; high employee costs pressure profitability.
Last quarter's promises, checked
Delivered
- Entry into Aviation/Middle East → Nagpur airport win + Saudi project started (= BEAT)
- Diversification beyond highways → Secured airport/PMC/underpass mandates (= BEAT)
- Revenue visibility → Unexecuted order book maintained at ₹256Cr (= BEAT)
Partly delivered
- International expansion → Working in Africa/Saudi but progress described as slow (= PARTIAL)
Missed
- Top-line growth vision 25-30% → Reported 9M revenue dip to ₹35.36Cr (= MISS)
- Operational cash flow improvement → Remained negative due to industry nature (= MISS)
- Margin stability → INR 30Cr accounting reversal hit profitability (= MISS)
Earnings Call Transcript filed with BSE, NSE: DHRUV. Summary written with AI assistance from the document.
Dhruv Consultancy Services Ltd: key numbers
- Share price
- ₹19.30
- Market cap
- ₹36.61 Cr
- Revenue (annual)
- ₹42.90 Cr
- Net profit (annual)
- ₹-28.48 Cr
- P/E (TTM)
- -0.9×Sector 46.1×
- Promoter holding
- 49.44%+0.00% QoQ
- FII holding
- 1.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Execution
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