Q3 FY26: Revenue drops 75%, auditor flags Rs 290.7 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

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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 reported Q3 FY26 revenue of Rs 61.8 cr, down sharply from Rs 232.7 cr in Q3 FY25. Nine month revenue dropped to Rs 206.9 cr from Rs 825.1 cr. Loss for nine months stood at Rs 1.45 cr. Auditor issued a qualified opinion due to a GST demand of Rs 290.7 cr (with interest and penalty) on alleged ineligible input credit. Management is contesting the demand and filed an appeal, no provision made.

Likely market impact

Revenue collapsed over 75% YoY. Qualified audit opinion on Rs 290.7 cr GST demand. Loss continues. Appeal outcome is key risk to monitor.