Audited Standalone Financial Results for the Quarter and Financial Year ended March 31, 2026
Awaiting price reaction for this filing.
Rathi Graphic Technologies reported zero revenue for FY 2026 with a net loss of Rs. 106.82 lakhs, compared to a profit of Rs. 1,157.84 lakhs in FY 2025 (which included large reversal of provisions). The company has negative net worth with total equity at Rs. -12.96 lakhs as of March 2026. Finance costs of Rs. 51.08 lakhs and depreciation of Rs. 33.73 lakhs contributed to the loss. The company underwent CIRP (insolvency proceedings) since February 2020, and new promoters Surbhika Steels and Daga Infrastructure took control in February 2025. The resolution plan was approved by NCLT in July 2023 and NCLAT in October 2024. Operations remain temporarily closed as the new management is in the process of reviving the business. The auditor gave an unmodified opinion on the financial results.
The company has negative net worth and zero operating revenue, indicating it is in early stages of revival post-insolvency. Investors should be cautious as significant capital infusion and operational turnaround are needed. The stock carries high risk until operations are revived and profitability is restored.