Board Meeting held today, Board has approved the Audited Standalone and Consolidated Financial Results for the Quarter and Year Ended 31st March, 2026 together with Standalone and Consolidated ....
Awaiting price reaction for this filing.
Rama Petrochemicals reported FY2026 standalone revenue of Rs 31.19 Lacs, up significantly from Rs 9.15 Lacs in FY2025. However, the company posted a standalone net loss of Rs 751.02 Lacs (vs Rs 680.50 Lacs loss in FY2025) and consolidated net loss of Rs 730.03 Lacs (vs Rs 682.95 Lacs). The auditors issued qualified opinions on both standalone and consolidated financial results due to the company's treatment of Rs 185 Lacs as 'Other Financial Assets' for collateral security release, which is not in accordance with GAAP. This qualification has been ongoing since 2021-2022. The company has a negative net worth of Rs 6,540+ Lacs and negative operating cash flows of Rs 124 Lacs. Finance costs of Rs 608 Lacs exceed total revenue, indicating severe financial distress.
The stock is likely to face significant selling pressure due to persistent losses, negative net worth, qualified audit opinions, and negative operating cash flows indicating serious going concern risks for shareholders.