Submission of Audited Financial Result for the Quarter and Year ended March 31, 2026
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Rasandik Engineering Industries reported revenue from operations of ₹6,767.78 lakhs for FY2026, up 8.8% from ₹6,217.64 lakhs in FY2025. However, the company continues to incur losses with a net loss of ₹669.14 lakhs (vs ₹558.48 lakhs loss in previous year), though loss before tax improved significantly from ₹1,341.50 lakhs to ₹654.58 lakhs. The company has significant net current liabilities of ₹1,567.95 lakhs and auditors issued an unmodified opinion while noting going concern basis. Exceptional items in FY2025 included a ₹925.80 lakh loss. The company is monetizing non-current assets held for sale (plant equipment) for ₹400 lakhs and has contingent liabilities of ₹746.63 lakhs related to unfulfilled export obligations under EPCG license scheme.
The company remains loss-making with negative EPS of ₹11.20, though operational performance improved. The significant working capital deficit and contingent liabilities from EPCG obligations remain key risks for shareholders despite the auditor's clean opinion.