Raj Oil Mills Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
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Raj Oil Mills' board approved audited financial results for Q4 and FY ended March 31, 2025, alongside re-appointments of its Secretarial, Internal, and Cost Auditors for FY2025-26. For FY25, revenue from operations fell to ₹11,445.56 lakhs from ₹12,471.80 lakhs in FY24, a decline of about 8.2%. Despite lower revenue, profit after tax jumped to ₹269.68 lakhs from ₹170.77 lakhs, a ~58% rise, lifting EPS to ₹1.80 from ₹1.14. The statutory auditor (Kailash Chand Jain & Co.) issued an unmodified opinion but drew attention via an Emphasis of Matter to ongoing difficulties in making payments to unsecured operational creditors and public fixed deposit holders, for which the company had filed an NCLT application in September 2022. The company's reserves remain deeply negative at ₹(1,899.76) lakhs, leaving total equity at ₹(244.08) lakhs.
Strong profit growth is a positive, but the negative reserves, emphasis of matter on unpaid creditors and public deposits, and an NCLT application highlight serious financial-distress red flags for shareholders. The stock could see volatility as markets weigh improved earnings against unresolved legacy liabilities.