Axentra Corp posts ₹10.33 cr revenue as capital base expands
The company, formerly Dugar Housing, recorded a ₹1.27 cr profit following a ₹20 cr preferential allotment that lifted its equity base to ₹19.70 cr.
— 1 earlier story on Axentra Corp Ltd. →What's new
- Quarterly revenue hit ₹10.33 cr, up from near-zero in the year-ago period.
- Net profit for the fourth quarter reached ₹1.27 cr.
- Senthil Kumar Bellan stepped down as MD but remains the company's CFO.
Why this matters
The jump in revenue marks the first real test of the company's post-rebranding strategy. With a fresh ₹20 cr in capital, the firm is moving from a dormant state to active operations, though the leadership shuffle suggests the internal structure is still in flux.
What we're watching
- Whether the current revenue run rate holds in the coming quarters.
- The impact of the leadership change on future strategic direction.
- Deployment of the remaining capital from the recent allotment.
The full read
Axentra Corp Ltd is showing its first signs of life since rebranding from Dugar Housing Developments. For the quarter ended March 2026, the company reported revenue of ₹10.33 crore, a stark contrast to the near-zero operational income seen in the same period last year. This performance contributed to a total annual turnover of ₹10.75 crore, up from ₹30.23 lakhs in the prior fiscal year. The firm also posted a net profit of ₹1.27 crore for the quarter. These results follow a ₹20 crore preferential allotment to institutional funds, which ballooned the company's equity base from ₹30 lakhs to ₹19.70 crore. Amid this transition, Senthil Kumar Bellan has stepped down as Managing Director, though he remains in his role as CFO. The numbers provide the first quantitative proof that the company is deploying its new capital, but the leadership change suggests the corporate structure is still being recalibrated.
Questions answered
- How did the company's capital base change recently?
- Axentra completed a ₹20 crore preferential allotment to institutional funds. This move expanded its equity base from ₹30 lakhs to ₹19.70 crore.
- What is the status of Senthil Kumar Bellan?
- He ceased to be the Managing Director following the expiration of his term as an additional director. He continues to serve as the company's CFO.
- How does the annual turnover compare to the previous year?
- Annual turnover reached ₹10.75 crore for the year ended March 2026. This is a sharp increase from the ₹30.23 lakhs reported in the previous fiscal year.
- What was the company formerly known as?
- The company recently rebranded from Dugar Housing Developments to Axentra Corp Ltd.
Story so far
All notes on DUGARHOU →- 27 May 2026 · 7:16 PM IST Axentra Corp posts ₹10.33 cr revenue as capital base expands
- today Axentra Corp posts ₹10.33 cr quarterly revenue after capital injection