Un-Audited Financial Results for the Quarter and Nine Months ended 31st December, 2025
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The Board of Rasandik Engineering Industries approved unaudited results for Q3 FY26 and 9M FY26 (ended Dec 31, 2025). Revenue from operations for Q3 FY26 stood at Rs 2,216.18 lakhs, up about 54% from Rs 1,436.05 lakhs in Q3 FY25. However, 9M FY26 revenue of Rs 4,866.06 lakhs was almost flat versus Rs 4,852.79 lakhs in 9M FY25. The company continued to post losses, with a net loss of Rs 82.92 lakhs in Q3 FY26 and Rs 312.16 lakhs for 9M FY26. The statutory auditor (V. Sankar Aiyar & Co.) flagged a going concern issue, noting that current liabilities exceed current assets by Rs 1,463.95 lakhs, with promoter financial support cited as the basis for continuing as a going concern. The Board also amended 13 company policies to align with updated SEBI and Companies Act provisions.
The going concern flag and persistent losses are significant red flags for shareholders, though the sharp jump in quarterly revenue suggests a possible operational turnaround. The increased EPCG-related contingent liability (now Rs 733.98 lakhs, up from Rs 698.05 lakhs) adds further risk; stock may remain under pressure until profitability is restored.