Q3 FY26 results: sharp revenue drop, Rs 290.70 cr GST demand

Qualified audit opinionRevenue declinedNet loss reportedContingent liabilities increasedExceptional itemResults View source PDF Explain this filing

RAJMET · price

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Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹4.16

prior close

₹4.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+1.5% vs market

Aluminium Copper & Zinc Products peers, median of 9sector+2.2%-1.3% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.3 pts less than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.0-0.5+1.5+2.2-1.3

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Aluminium Copper & Zinc Products peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rajnandini Metal Q3 FY26 net sales fell about 73% year on year to Rs 6,184 lakhs; nine-month revenue dropped about 75% to Rs 20,688 lakhs. Q3 profit was Rs 56 lakhs but nine-month loss stood at Rs 145 lakhs. The auditor issued a qualified opinion over a Rs 290.70 crore GST demand on alleged ineligible input credit, which the company is contesting with no provision made.

Likely market impact

Sharp revenue contraction and a large contingent GST liability are key risks. Stock may face pressure; outcome of appeal is critical.