Dholera's development company swung from a Rs 44 crore loss to a Rs 52 crore profit on a third of the revenue
DICDL, the state-owned company laying the roads, water and power inside Dholera, reported a profit after tax of Rs 51.53 crore for 2024-25 against a loss of Rs 44.14 crore the year before, and it did it while revenue from operations fell by more than two thirds.
Confirmed by an official document: a government release, a filing, or the company's own published statement.
Do not read that as growth. Revenue from operations fell from Rs 362.44 crore to Rs 106.14 crore. Total income was Rs 198.50 crore, which means roughly Rs 92.37 crore of it, close to half, was other income rather than money earned from operating. Other income for a company like this is largely interest on funds it is holding.
The three year shape is worth seeing whole. In 2022-23 the company took Rs 59.42 crore of total income and made Rs 26.67 crore. In 2023-24 it took Rs 433.70 crore and lost Rs 44.14 crore. In 2024-25 it took Rs 198.50 crore and made Rs 51.53 crore. A land development company books revenue when plots are sold, so these swings track allotments rather than construction, and construction is what most people mean when they ask how Dholera is going.
The FY2024-25 audited statements, authorised for issue by the board on 22 August 2025, show total income Rs 19,850.33 lakh and profit after tax Rs 5,152.72 lakh. The FY2023-24 report shows total income Rs 43,369.75 lakh and a loss after tax of Rs 4,413.69 lakh, against FY2022-23 total income Rs 5,941.70 lakh and profit Rs 2,667.37 lakh. Revenue from operations fell from Rs 36,243.89 lakh in FY2023-24 to Rs 10,613.82 lakh in FY2024-25.
| What | Figure | Unit | As of | Status |
|---|---|---|---|---|
| Total income FY2024-25 | 198.5033 | INR crore | 2025-03-31 | CONFIRMED |
| Profit after tax FY2024-25 | 51.5272 | INR crore | 2025-03-31 | CONFIRMED |
| Revenue from operations FY2024-25 | 106.1382 | INR crore | 2025-03-31 | CONFIRMED |
| Other income FY2024-25 | 92.3651 | INR crore | 2025-03-31 | CONFIRMED |
| Total income FY2023-24 | 433.6975 | INR crore | 2024-03-31 | CONFIRMED |
| Loss after tax FY2023-24 | -44.1369 | INR crore | 2024-03-31 | CONFIRMED |
| Revenue from operations FY2023-24 | 362.4389 | INR crore | 2024-03-31 | CONFIRMED |
| Total income FY2022-23 | 59.417 | INR crore | 2023-03-31 | CONFIRMED |
| Profit after tax FY2022-23 | 26.6737 | INR crore | 2023-03-31 | CONFIRMED |
Last verified: 11 August 2026. Read the status column this way. CONFIRMED means the named document states the figure. REPORTED means a credible outlet states it and no document confirms it. TARGET means somebody is aiming at it. UNKNOWN means no source we hold gives it, and we would rather leave the row empty than fill it with an estimate.
DICDL carries a Rs 318 crore liability for money the central corridor company spent on Dholera since 2008
Committed but unspent capital work at Dholera rose to Rs 341 crore
DICDL spent Rs 44.84 lakh on corporate social responsibility and left Rs 16.50 lakh unspent
Everything we recorded in August 2025
DICDL 8th Annual Report 2023-24 (AR24 p.18)
Several of these documents are large PDFs on government portals that move without notice. Where a document has no stable deep link we cite it by its number and date so it can be found again. See the source register for what each document is and what we took from it.
If one of these links has moved or we have read it wrong, write to [email protected] and we will fix the entry and say so on the corrections page. For how we decide what counts as confirmed, see how we source and correct. For the full dated history of the region, see the Dholera timeline. For any term above you do not recognise, see the glossary.