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Rasandik Engineering Industries India Ltd reported weak unaudited results for Q2 and H1 FY26. Revenue from operations fell to Rs 1,262.77 lakhs in Q2 FY26 from Rs 1,630.46 lakhs in Q2 FY25, and to Rs 2,649.88 lakhs in H1 FY26 from Rs 3,416.74 lakhs in H1 FY25, marking roughly a 22% YoY decline. The company deepened its losses, reporting a loss before tax of Rs 196.17 lakhs in Q2 (vs Rs 148.15 lakhs loss a year ago) and Rs 344.32 lakhs in H1 (vs Rs 155.01 lakhs). Net loss for H1 widened to Rs 325.77 lakhs, translating to EPS of negative Rs 5.45. The auditor flagged a going concern issue as current liabilities exceed current assets by Rs 1,493.48 lakhs, although management expects promoter financial support to keep operations running. Contingent liability from a pending CESTAT customs case stands at Rs 721.32 lakhs (up from Rs 698.05 lakhs).
Shareholders face continued losses, a declining top line, and a going concern flag, which raises the risk profile of the stock. However, the company remains operational on the back of promoter support, and operating cash flows stayed marginally positive at Rs 123.51 lakhs.