Considered and Approved the audited Financial results for the Quarter and year ended on March 31, 2026
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Rajkot Investment Trust Ltd, an NBFC, reported audited standalone results for FY2026. Total revenue declined 37.3% to Rs. 57.45 lakhs from Rs. 91.69 lakhs in the previous year. Net profit after tax came in at Rs. 8.02 lakhs, down from Rs. 9.93 lakhs (19.2% decline). The company's total assets increased to Rs. 344 lakhs (from Rs. 291.08 lakhs), primarily driven by a significant rise in loan book to Rs. 280.13 lakhs and increased borrowings to Rs. 287.24 lakhs. The statutory auditors issued an unmodified opinion, and no going concern issues were flagged. The company maintains a single reportable segment (NBFC operations).
The significant revenue decline and high debt-to-equity ratio of approximately 6:1 raises concerns about the company's growth strategy and financial leverage. While profits remained positive and the auditor gave a clean opinion, the heavy reliance on borrowings to fund operations warrants caution for investors. The stock may see negative sentiment due to revenue contraction despite stable asset base growth.