Q3 FY26 results: revenue up 33%, auditor gives qualified review

Qualified OpinionRevenue Growth 20pctPat Growth 25pctResults View source PDF Explain this filing

RAJRILTD · price

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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.0 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Raj Rayon Industries reported Q3 FY26 revenue of Rs 305.39 crore (up 33% YoY) and 9-month revenue of Rs 884.90 crore (up about 37% YoY). 9-month PAT jumped to Rs 19.96 crore versus Rs 0.36 crore last year, helped by a Rs 2.5 crore one-time VAT refund. Q3 PAT was Rs 5.87 crore versus Rs 8.15 crore. Auditor Bagaria and Co gave a qualified review conclusion, flagging unresolved inoperative bank accounts carried over from the prior Corporate Insolvency Resolution Process.

Likely market impact

Strong revenue growth and a sharp PAT recovery are positives, but the auditor's qualified review and lingering old bank account issues from CIRP may worry investors.