RAJRILTDBSERaj Rayon Industries Ltd-$HighNeutral
Announced Thu, 14 May · 13:12 IST

Considered and approved audited financial results as on 31.03.2026

Qualified OpinionRevenue Growth 20pctPat Growth 25pctDebt Equity ThresholdResults View source PDF

RAJRILTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Raj Rayon Industries reported audited FY2026 results with total income of Rs. 11,846.17 crore, up 38.7% from Rs. 8,541.31 crore in FY2025. Profit after tax grew to Rs. 3,399.28 lakh from Rs. 1,380.61 lakh — a 146% increase — driven by higher revenue from operations (Rs. 11,797.17 lakh vs Rs. 8,493.79 lakh) and strong operating cash flow of Rs. 1,190.60 crore. The statutory auditor issued a qualified opinion due to three inoperative bank accounts dating back to before the Corporate Insolvency Resolution Process, where details remain pending from bankers. This qualification is repetitive for the third consecutive year and the financial impact has not been quantified. Net worth improved to Rs. 156.47 crore (from Rs. 122.47 crore). The Company Secretary Mr. Chintan Dharod resigned for personal reasons and Ms. Ritu Shukla was appointed effective May 15, 2026. Outstanding qualified borrowings decreased from Rs. 194.46 crore to Rs. 173.52 crore.

Likely market impact

Strong bottom-line growth and improved net worth are positive, but the recurring qualified auditor opinion and uncertainty over pre-insolvency bank accounts create governance risk and may concern investors seeking clean audit reports.