Financial Results for the Quarter ended 30.09.2025
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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.
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.