Board of Directors of the Company in its meeting held on 30th May 2026 at the registered office of the company which commenced at 09.00 P.M. have considered, approved and took on records ....
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The board of Rajasthan Tube Manufacturing Company approved audited financial results for Q4 and full year ended 31st March 2026. Full year revenue from operations fell sharply to Rs 1,700.64 lacs from Rs 5,634.08 lacs last year, a drop of about 70%, while profit after tax grew to Rs 123.69 lacs from Rs 48.73 lacs, nearly 2.5 times. The company disclosed that no production activities were carried out in Q4 and the small revenue this quarter came entirely from sale of old inventory stock. The auditor (Bakliwal & Co) gave a clean true and fair opinion but flagged an observation that GSTR-3B returns were not filed and corresponding GST liability was not paid for certain periods. Total assets shrank to Rs 1,134.51 lacs from Rs 1,937.27 lacs, and short-term borrowings were fully repaid.
Full-year PAT growth is positive on paper, but it is driven by liquidation of old stock rather than active manufacturing, with revenue collapsing ~70% and no production in Q4. Shareholders should view the earnings improvement with caution as the core business appears non-operational, and the GST non-compliance observation is a governance red flag that could attract regulatory action.