Audited Financial Results for the quarter and year ended 31st March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RO Jewels Limited reported FY2026 total revenue of Rs. 4,709.75 lakhs, down from Rs. 4,966.72 lakhs in FY2025, representing a revenue decline. Net profit collapsed to just Rs. 0.29 lakhs from Rs. 17.10 lakhs in the prior year. The statutory auditors Shah Karia & Associates issued a Qualified Opinion citing four material issues: (1) inventory records lacking item-wise detail and proper valuation for Rs. 1,381.84 lakhs, (2) inability to confirm trade receivables (Rs. 904.38 lakhs) and payables, (3) inability to verify cash/bank balances (Rs. 33.94 lakhs), and (4) non-compliance with accounting standards on depreciation method change from WDV to SLM. Management claims no financial impact from these qualifications. Operating cash flow turned negative at Rs. -161.37 lakhs. The secretarial auditor also changed — Neelam Somani & Associates resigned and Priyanshi Jain was appointed.
The qualified opinion and severe profit decline raise red flags about internal controls and financial integrity. Shareholders should be concerned as inventory (57% of total assets) and receivables lack auditor verification, and operating cash flows are negative. The company appears financially stressed with PAT margin near zero.