For approval of Audited financial Results of the company for year ended 31.03.2026
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Rajasthan Petro Synthetics Ltd reported a dramatic decline in performance for FY2025-26. Revenue from operations fell to Rs 6 lakhs from Rs 22 lakhs in the previous year, while total income dropped to Rs 6.14 lakhs from Rs 85.13 lakhs. Net profit collapsed to just Rs 0.17 lakhs compared to Rs 63.70 lakhs in the prior year, representing a near-complete wipeout of profitability. The company's equity has turned negative at Rs -35.72 lakhs, indicating liabilities exceed assets. Cash and cash equivalents stand at a minimal Rs 0.77 lakhs. The auditor issued an unqualified opinion stating the financial statements give a true and fair view.
This is a highly concerning result showing severe deterioration in the company's financials. The negative equity position and collapsed revenues indicate significant business stress. Despite the clean audit opinion, investors should be cautious as the company faces potential going concern risks.