Submission of Standalone Audited Financial Results for the quarter and year ended March 31, 2026
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Rishabh Digha Steel reported audited standalone results for FY2026 ending March 31. Total income was Rs 121.38L vs Rs 122.46L in prior year, a marginal decline. However, profit before tax surged to Rs 60.27L from just Rs 6.58L — a ~9x jump driven largely by interest income (Rs 120.69L) and dividend income. Net profit after tax was Rs 24.53L vs Rs 7.79L. The company also appointed M/s Yogesh Bhuva & Co. as Internal Auditor for FY2026-27. The auditor's report is unmodified (clean opinion). The balance sheet shows current borrowings jumped to Rs 287.95L from Rs 0.03L, and cash flow from operations was negative at Rs 63.88L.
Revenue has declined slightly but profitability has improved substantially. The heavy reliance on interest income (larger than operating revenue) raises questions about core business strength. The sharp rise in borrowings and negative operating cash flow are concerning for liquidity. The clean audit opinion provides reassurance.