Statement of Standalone and consolidated unaudited financial result for the quarter and nine month ended on 31st december 2025
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RTCL Limited (BSE: 531552) filed its Q3 FY26 and 9M FY26 unaudited standalone and consolidated results for the period ended 31 December 2025. Per the consolidated segment table, revenue from operations dropped to about ₹15 Lakhs in Q3 FY26 from roughly ₹43 Lakhs in Q3 FY25 — a steep ~65% YoY decline. On a 9-month basis the Trading/Agency segment jumped to ₹150 Lakhs from ₹43 Lakhs last year, while Real Estate Development contributed modestly (around ₹15 Lakhs); consolidated net profit (after-tax, post-associates) for 9M FY26 came in around ₹163 Lakhs versus ₹65.71 Lakhs in 9M FY25, with the 9-month uplift riding largely on an unusually strong Q1 FY26. The auditor VVG & Co issued a modified limited review report with five qualifications, the most material being ₹38.54 Lakhs of debtors overdue by more than six months with no provision made, and non-current investments recorded at cost instead of fair value (a departure from Ind AS 109). Other qualifications covered reliance on management for inventory valuation, unreconciled debtor/creditor balances, and inability to confirm physical verification of fixed assets; on the consolidated side the auditor also flagged that the interim financials of the two associates (combined asset base of about ₹38 crore) had not been audited or reviewed.
The auditor's modified opinion — especially the unprovided ₹38.54 Lakhs of old debts and the Ind AS 109 non-compliance — is a clear governance red flag. Combined with the steep YoY drop in Q3 standalone net sales, the headline 9-month profit masks underlying weakness, so retail investors should treat these numbers with caution.