Enclosed Unaudited financial results for the third quarter and nine months ended 31st December 2024 along with Statutory Auditors Limited review report thereon
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Awaiting price reaction for this filing.
RNIT AI Solutions Ltd (earlier Autopal Industries Ltd) submitted its Q3 FY25 and nine-month FY25 unaudited results, reporting total income of Rs 813.53 lakhs for the quarter (up from Rs 714.40 lakhs in Q3 FY24) and Rs 1,981.03 lakhs for 9M FY25. The company posted a net profit of Rs 143.82 lakhs in Q3 FY25 and Rs 378.79 lakhs for 9M FY25, a sharp turnaround from losses of Rs 3.69 lakhs and Rs 11.07 lakhs respectively in the year-ago periods. EPS for 9M FY25 stood at Rs 0.53 versus Rs (0.32) previously. The filing also carries major corporate restructuring details: the NCLT Jaipur Bench approved the company's CIRP resolution plan on 23 September 2024, the name was changed to RNIT AI Solutions Ltd, and 75% of public shareholders' equity was cancelled (4:1 consolidation), wiping out most of their previous holdings. Auditor BRAND & Associates LLP issued an unqualified limited review report.
Existing public shareholders were severely diluted — losing 75% of their shareholding through the IBC resolution process, with a 4:1 share consolidation — so any price gains reflect a heavily restructured capital base. The company has swung back to profitability post-CIRP, but the shareholder base is now dominated by the resolution applicants who merged RNIT Solutions & Services into the listed entity, so retail investors should weigh the turnaround against the dilution and the fact that historical equity value has been largely extinguished.