Diggi Multitrade (DML) Q4 FY26 Posts Massive Annual Loss Despite Revenue Surge
The company's annual revenue jumped to over ₹11,000 crore, but a staggering loss of ₹13,074 crore highlights a severe operational disconnect.
Diggi Multitrade's FY26 results show a colossal revenue figure of ₹11,343 crore, yet the company reported a net loss of ₹13,074 crore. The quarter itself was dormant, with zero revenue and profit, underscoring a year of extreme financial distortion.
For Diggi Multitrade, a small-cap real estate trader, the full-year numbers tell a story of financial distortion rather than business performance. The company reported annual revenue of ₹11,343 crore, a figure wildly disconnected from its quarterly reality of zero sales and a widening annual loss of ₹13,074 crore.
The fourth quarter was completely dormant. Revenue and profit both stood at zero, unchanged from the September quarter. For the full year, however, the headline numbers are staggering.
Revenue & profit
Revenue (₹ Cr)
Profit (₹ Cr)
| Metric | CurrentQ4 FY26 | Same quarter LYQ4 FY25 |
|---|---|---|
| Revenue (₹ Cr) | 0.0YoY -100% | 2.0 |
| Profit (₹ Cr) | 0.0 | 0.0 |
Annual revenue surged over 550,000% year-on-year to ₹11,343 crore. The net loss, however, ballooned to ₹13,074 crore from just ₹0.12 crore in FY25. This loss was driven by total expenses of ₹32,603 crore, which far exceeded the inflated revenue.
A Year of Accounting Anomalies
The astronomical figures point to a significant accounting event, not operational growth. ScanX reported the company's actual revenue from operations for FY26 was just ₹11.44 lakh, down sharply from ₹2.06 crore a year earlier. The reported ₹11,343 crore appears to be a consolidation or reclassification error, as the company's core business involves trading flats and construction materials in Mumbai's suburbs.
With no revenue in the last two quarters, the business is effectively in a holding pattern. StockFin.ai notes management has provided no forward guidance or disclosed any new expansion plans. The focus remains on regulatory compliance, with the board recently adopting annual reports for the concluded year.
The Market's Silent Verdict
Institutional investors have stayed away, with zero FII or DII holdings according to a StockFin.ai analysis. The stock is down 44% over the last 90 days, reflecting the market's dismissal of the anomalous annual figures and its focus on the dormant quarterly reality. The lack of strategic commentary suggests limited confidence in a near-term operational recovery.
Key Points
- Full-year revenue of ₹11,343 crore is an extreme outlier, while quarterly revenue has been nil for the last six months.
- The company reported a massive net loss of ₹13,074 crore for FY26, driven by expenses that dwarfed its income.
- Operational activity has halted, with no revenue in Q2 or Q4 FY26 and no new business initiatives announced.
- Institutional ownership remains at zero, and the stock has fallen sharply, indicating deep investor skepticism.
Hexa Perspective
The FY26 results are a tale of two ledgers. The quarterly numbers show a company with no current business, while the annual figures are distorted beyond any operational reading. Investors must look past the colossal, likely erroneous, annual totals to the underlying reality: a non-operational entity.
The path forward hinges on whether the board initiates a strategic review or capital infusion to restart operations. Until then, with zero revenue, mounting past receivables, and no guidance, the company remains in a financial deep freeze with its reported numbers offering little insight into its true state.
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