Raj Rayon Industries Limited has informed the Exchange regarding 'Machine readable pdf of results already submitted'.
RAJRILTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved audited financial results for Q4 and FY ended March 31, 2025. Total income for FY25 rose to Rs. 854.13 crore from Rs. 750.30 crore in FY24, a growth of about 14%. Profit after tax jumped sharply to Rs. 13.94 crore from Rs. 4.05 crore, a roughly 244% increase, with EPS improving to Rs. 0.25 from Rs. 0.07. However, the statutory auditor (Bagaria & Co LLP) issued a qualified opinion because 3 inoperative bank accounts from before the Corporate Insolvency Resolution Process could not be verified — a qualification that has persisted for the last three years. The company also disclosed a large increase in qualified borrowings from Rs. 127.36 crore to Rs. 194.46 crore, while net worth declined from Rs. 122.47 crore to Rs. 108.20 crore. Credit rating remains BBB/Stable. Additionally, Ms. Riddhi Shah was appointed as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval.
Strong profit growth is a positive, but shareholders should note the persistent qualified audit opinion (three years running) and the rising debt-to-equity profile, with borrowings up ~53% and net worth down ~12%, which could pressure the stock and signal ongoing governance concerns.