Raj Rayon Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
RAJRILTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Raj Rayon Industries reported revenue from operations of ₹26,019 lakhs for Q1 FY26, up about 29% from ₹20,222 lakhs in Q1 FY25. The company swung back to a profit after tax of ₹607 lakhs, compared to a loss of ₹348 lakhs in the same quarter last year. Earnings per share stood at ₹0.11 (basic) versus a negative ₹0.06 a year ago. The board also approved a Corporate Social Responsibility policy at the meeting. However, the statutory auditor (Bagaria & Co LLP) issued a qualified review conclusion, flagging that the management is still trying to trace three inoperative bank accounts left over from before the company's Corporate Insolvency Resolution Process (CIRP), and the auditor could not comment on any impact on the financial statements.
Strong year-on-year revenue growth and a return to profitability are positive signals for the stock, but the auditor's qualification regarding unresolved bank accounts from the pre-CIRP era remains a lingering concern for shareholders. Investors should watch for resolution of the bank account matter in upcoming quarters.