Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Financial Year Ended March 31, 2026.
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Rajkamal Synthetics reported mixed annual results for FY2026. On a standalone basis, revenue grew significantly from Rs 2.07 crore to Rs 5.69 crore but net profit declined by 38% to Rs 16.70 lakh due to higher costs and expenses. However, on consolidated basis (prepared for the first time), the company showed stronger performance with revenue jumping to Rs 11.10 crore and net profit growing 25% to Rs 27.61 lakh, driven by newly acquired subsidiaries Eliraluxe Skincare, RKR Mines and Minerals (both 100% owned) and Indoframe Industries (51% stake). The auditor gave a clean (unmodified) opinion with no qualifications. The company has negative equity (reserves at negative Rs 556.51 lakh on standalone) indicating accumulated losses. Cash position weakened significantly with standalone cash falling from Rs 7.75 crore to Rs 1.28 crore.
The standalone profit decline and negative reserves are concerning for existing shareholders. However, the first-time consolidated results show strong revenue growth from the new subsidiary acquisitions, which could drive future performance if synergies materialise. The clean audit opinion provides some comfort on financial reporting quality.