RCC Cements Q1 FY27 results widen loss, plans entry into consumer electronics
Awaiting price reaction for this filing.
Board approved Q1 FY27 unaudited results with zero operating income and a net loss of Rs 5.41 lakh versus Rs 3.38 lakh loss in Q1 FY26; EPS at minus Rs 0.10. Company altered its object clause to enter consumer electronics, mobile phones, accessories, and computer hardware. Auditor flagged emphasis of matter covering zero revenue for a long time, Rs 3.74 crore of unconfirmed capital advances, and stagnant assets and liabilities. BSE had suspended trading for unpaid listing fees; company has paid up and applied for revocation, but status still shows violation.
No revenue, widening losses and negative reserves raise going concern doubts. Pivot to electronics is unproven. BSE suspension overhang continues.