Audited Financial Result for the Quarter and Year ended March 31,2025
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Rasandik Engineering Industries India Ltd reported a sharp deterioration in FY25 results with revenue from operations falling to Rs. 6,217.64 lakhs from Rs. 8,625.29 lakhs in FY24, a decline of about 28%. The company swung to a net loss of Rs. 558.48 lakhs in FY25 against a profit of Rs. 712.87 lakhs in FY24, further hit by an exceptional loss of Rs. 925.80 lakhs towards inventory provisioning. Other income also collapsed to Rs. 675.43 lakhs from Rs. 2,933.21 lakhs as one-time gains from earlier asset sales fell away. The statutory auditor V. Sankar Aiyar & Co. issued an unmodified opinion but separately flagged a going concern issue, noting net current liabilities of Rs. 1,458.08 lakhs with reliance on promoter financial support. The auditor also drew attention to inventory valuation (relied on management) and legacy Singur project/EPCG export obligation matters, with a contingent interest liability of Rs. 698.05 lakhs.
Negative — falling core revenue, a swing to losses, an exceptional inventory write-off, and a going concern warning make this a clearly weak set of results. Shareholders should expect weak near-term sentiment, though the company is reducing debt and continues to get promoter support to stay operational.