Statement of Audited Standalone and Consolidated Financial Results for the quarter ended on 31st March 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RTCL Limited reported a sharp decline in full-year performance, with standalone total income falling to Rs. 165.07 lakhs from Rs. 542.02 lakhs in FY24, a drop of nearly 70%, mainly because a one-time real estate development revenue of Rs. 303.27 lakhs booked in FY24 did not repeat. Standalone profit after tax for FY25 was Rs. 68.57 lakhs vs Rs. 179.48 lakhs in FY24 (~62% decline), while consolidated PAT was Rs. 97.21 lakhs vs Rs. 210.19 lakhs. The auditor issued a modified opinion, flagging three qualifications: non-compliance with Ind AS 109 for valuing investments at cost instead of fair value (prior period), no provision for Rs. 38.54 lakhs of debtors overdue over six months, and no provision for a disputed arbitration matter involving Rs. 450.21 lakhs with M/s Superior Fabrics Pvt Ltd. Operating cash flow remained negative at Rs. (74.34) lakhs, though better than FY24's Rs. (114.30) lakhs. Total assets stood at Rs. 3,862.90 lakhs (standalone) with net worth of Rs. 3,140.83 lakhs and short-term borrowings of Rs. 232.44 lakhs.
Shareholders should note the significant year-on-year revenue and profit decline, the auditor's modified opinion highlighting unprovided-for receivables and a large ongoing legal dispute, and continued negative operating cash flow — all of which raise concerns about earnings quality and pending risk exposures despite the company remaining profitable and adequately capitalized.