Integrated Filing — IndAS



General information about company
Scrip Code 541161
NSE Symbol DHARAN
MSEI Symbol NOTLISTED
ISIN INE278R01034
Name of company DHARAN INFRA-EPC LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   17:00:00
End date and time of board meeting 30-May-2025   19:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 13728000 179924000
Other income 10736000 49990000
Total income 24464000 229914000
2 Expenses
(a) Cost of materials consumed -58805000 114247000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 5362000 22247000
(e) Finance costs 20413000 35884000
(f) Depreciation, depletion and amortisation expense 241000 1089000
(f) Other Expenses
1 Selling Expenses 72000 4142000
2 Other Expenses 81783000 435402000
Total other expenses 81855000 439544000
Total expenses 49066000 613011000
3 Total profit before exceptional items and tax -24602000 -383097000
4 Exceptional items 0 0
5 Total profit before tax -24602000 -383097000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 125000 279000
9 Total tax expenses 125000 279000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -24727000 -383376000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -24727000 -383376000
17 Other comprehensive income net of taxes -9954000 99054000
18 Total Comprehensive Income for the period -34681000 -284322000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2614379000 2614379000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 6200460000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.01 -0.11
Diluted earnings (loss) per share from continuing operations -0.01 -0.11
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.01 -0.11
Diluted earnings (loss) per share from continuing and discontinued operations -0.01 -0.11
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 6747000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 3225000
Trade receivables, non-current 0
Loans, non-current 252702000
Other non-current financial assets 414363000
Total non-current financial assets 670290000
Deferred tax assets (net) 847000
Other non-current assets 4010000
Total non-current assets 681894000
2 Current assets
Inventories 1545961000
Current financial asset
Current investments 155040000
Trade receivables, current 810539000
Cash and cash equivalents 7007865000
Bank balance other than cash and cash equivalents 0
Loans, current 174633000
Other current financial assets 1097000
Total current financial assets 8149174000
Current tax assets (net) 51136000
Other current assets 158822000
Total current assets 9905093000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 10586987000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2614379000
Other equity 6200460000
Total equity attributable to owners of parent 8814839000
Non controlling interest
Total equity 8814839000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 415131000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 749858000
Total non-current financial liabilities 1164989000
Provisions, non-current 7280000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 1172269000
Current liabilities
Current financial liabilities
Borrowings, current 223749000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 66717000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 66717000
Other current financial liabilities 126942000
Total current financial liabilities 417408000
Other current liabilities 78698000
Provisions, current 6057000
Current tax liabilities (Net) 97716000
Deferred government grants, Current
Total current liabilities 599879000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1772148000
Total equity and liabilites 10586987000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Real Estate 13728000 179924000
2 Civil Contracting Business 0 0
3 Investment (Subsidiary) 5046000 29541000
Total Segment Revenue 18774000 209465000
Less: Inter segment revenue 0 0
Revenue from operations 18774000 209465000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Real Estate 47221000 17035000
2 Civil Contracting Business 1000 3000
3 Investment (Subsidiary) -2873000 10994000
Total Profit before tax 44349000 28032000
i. Finance cost 20413000 20413000
ii. Other Unallocable Expenditure net off Unallocable income 48538000 48538000
Profit before tax -24602000 -383097000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Real Estate 3301927000 3301927000
2 Civil Contracting Business 59857000 59857000
3 Investment (Subsidiary) 7000555000 7000555000
Total Segment Asset 10362339000 10362339000
Un-allocable Assets 224647000 224647000
Net Segment Asset 10586986000 10586986000
4 Segment Liabilities
Segment Liabilities
1 Real Estate 1572899000 1572899000
2 Civil Contracting Business 1287000 1287000
3 Investment (Subsidiary) 30321000 30321000
Total Segment Liabilities 1604507000 1604507000
Un-allocable Liabilities 167640000 167640000
Net Segment Liabilities 1772147000 1772147000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 9954000 -99054000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -9954000 99054000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -383097000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 35884000
Adjustments for decrease (increase) in inventories -100407000
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 102180000
Adjustments for decrease (increase) in other non-current assets 369773000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 2016000
Adjustments for increase (decrease) in other non-current liabilities 63806000
Adjustments for depreciation and amortisation expense 0
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 1089000
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 60000
Adjustments for interest income 2832000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -279000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 99054000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships -20148000
Total adjustments for reconcile profit (loss) 550076000
Net cash flows from (used in) operations 166979000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 166979000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 185000
Proceeds from sales of investment property 0
Purchase of investment property -81597000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 60000
Interest received 2832000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 20148000
Net cash flows from (used in) investing activities 104452000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings -120683000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 35884000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -156567000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 114864000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 114864000
Cash and cash equivalents cash flow statement at beginning of period 6892997000
Cash and cash equivalents cash flow statement at end of period 7007861000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Sharp Arth & Co LLP Yes 31-Mar-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 24463000 24463000
2 Total Expenditure 49065000 49065000
3 Net Profit/(Loss) -34681000 -34681000
4 Earnings Per Share 0.01 0.01
5 Total Assets 10586986000 10586986000
6 Total Liabilities 1772147000 1772147000
7 Net Worth 8814839000 8814839000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) Improper end use of funds raised n nDelays and errors in filling required forms and compliances with the Reserved Bank of India (RBI)
Textual Information(2) Not Applicable, as not qualified by the Auditor
Textual Information(3) Not Quantifiable
Textual Information(4) Since qualification's relating to non-compliances of RBI norms, qualification not possible
Textual Information(5) we accept the managements comments above.


Signatories detail
Name of CEO / Managing director Naresh Karda
Name of CFO Liyakat Khan
Name of audit committee chairman Sandeep Shah
Name of statutory auditor Praveen Purohit
Name of other signatory, if any, with designation NA
Place Nashik
Date 30-May-2025