Audited financial results for the quarter and year ended 31st March, 2026.
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Ravi Kumar Distilleries Limited reported audited results for FY2025-26 with revenue from operations declining to Rs. 5,421.88 lakhs from Rs. 7,483.73 lakhs in the previous year—a significant 27.5% drop. The company posted a profit before tax of Rs. 16.20 lakhs (vs Rs. 13.22 lakhs) and PAT of Rs. 13.68 lakhs with EPS of Rs. 0.06. The auditor issued a qualified opinion due to disputed receivables of Rs. 2,900.25 lakhs, unresolved legal disputes regarding investment in Liquor India Limited, lack of debtor/creditor confirmations, and un-deposited statutory dues of Rs. 266+ lakhs. An exceptional item of Rs. 109.67 lakhs was recorded for destruction of expired IMFL stock. Cash flow from operations turned positive at Rs. 176.28 lakhs versus negative Rs. 44.02 lakhs in the prior year. Adjusted for auditor qualifications, the company would report a net loss of Rs. 3,338.11 lakhs.
The qualified audit opinion and revenue decline signal significant financial stress. The disputed receivables and investments create substantial uncertainty around the company's true financial position, with adjusted net worth potentially dropping to just Rs. 852 lakhs from reported Rs. 4,204 lakhs. Shareholders should exercise caution given the multiple legal disputes and auditor concerns.