Outcome of board meeting
Awaiting price reaction for this filing.
Radha Madhav Corporation Ltd reported a significant deterioration in its FY2026 performance. Total income declined sharply to Rs. 15.23 million from Rs. 33.60 million in the previous year (approximately 55% decline). The company swung to a net loss of Rs. 4.04 million compared to a profit of Rs. 0.77 million in FY2025. Earnings per share turned negative at Rs. -0.52. The balance sheet shows declining total assets from Rs. 175.27 million to Rs. 148.92 million, with negative other equity of Rs. -67 million indicating accumulated losses. Cash flow from operations remained positive at Rs. 50.38 million. The statutory auditors issued an unmodified (clean) opinion on the financial results, and no going concern issues were raised in the audit report.
The company has moved into losses with a substantial revenue decline, raising concerns about its financial health. The negative other equity of Rs. 67 million indicates significant accumulated losses, though the clean audit opinion provides some comfort. Shareholders should monitor whether the company can reverse this downward trend.