Raj Rayon Industries Limited has informed the Exchange regarding Board meeting held on May 29, 2025.
RAJRILTD · price
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The board approved audited financial results for Q4 and FY ended March 31, 2025. The company reported total income of Rs. 854.13 crore and a net profit of Rs. 13.94 crore (EPS Rs. 0.25). Net worth declined to Rs. 108.20 crore from Rs. 122.47 crore, while qualified borrowings rose sharply to Rs. 194.46 crore from Rs. 127.36 crore (incremental borrowing of Rs. 87.50 crore). The statutory auditor (Bagaria & Co LLP) issued a qualified opinion because three inoperative bank accounts from the pre-CIRP (Corporate Insolvency Resolution Process) period were not available for verification — a recurring qualification for the third straight year. The board also appointed Ms. Riddhi Shah as Secretarial Auditor for 5 years (FY26–FY30).
Mixed-to-negative for shareholders: profitability is positive but operating cash flow swung to a Rs. 105.6 crore outflow (vs. Rs. 3.06 crore inflow last year), trade receivables nearly tripled, and leverage has worsened with debt rising while net worth falls. The repeated qualified audit opinion, though limited in scope, may weigh on investor confidence.