Financial Results for the Quarter ended 30.09.2025

Net loss reportedNegative operating cash flowAuditor changed mid-yearResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹0.71

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.1% vs market

Trading & Distributors peers, median of 126sector-0.4%+0.4% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.4 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+2.8-0.2+3.0-0.4+3.2

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15d

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-14.1-7.8-6.3-12.1-2.0

-25.4-7.2-18.1-12.3-13.1

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 126Pending

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AI summary

Risa International Ltd reported zero revenue from operations for Q2 FY26 and H1 FY26, continuing a pattern of no business income. The company posted a loss of Rs 10.23 lakhs in Q2 FY26 (vs Rs 10.19 lakhs loss in Q2 FY25) and Rs 25.12 lakhs loss for H1 FY26 (vs Rs 22.12 lakhs loss in H1 FY25). Total expenses were minimal at Rs 10.23 lakhs for the quarter, mainly comprising employee costs and finance costs. The balance sheet shows deeply negative net worth of Rs -389.79 lakhs (Other Equity at Rs -3,579.79 lakhs), short-term borrowings jumped sharply from Rs 207.81 lakhs to Rs 694.31 lakhs, and cash flow from operations turned sharply negative at Rs -474.82 lakhs (vs Rs 1.71 lakhs positive a year ago). Statutory auditor changed from AMS & Co. to Motilal & Associates LLP during the year.

Likely market impact

The company continues to generate no revenue, is reporting losses, and has negative shareholder equity, which raises serious going-concern concerns. The auditor change mid-year and a swing to heavy negative operating cash flow are additional red flags for shareholders — this stock is highly speculative.