Audited Financial Results for the Quater and Financial Year ended 31st March 2026
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RO Jewels Limited reported audited financial results for FY2026 with a qualified opinion from statutory auditors Shah Karia & Associates. The company reported total revenue of Rs. 4,709.75 lakhs, minimal net profit of just Rs. 0.29 lakhs (down 98% from Rs. 17.10 lakhs in FY2025), and negative operating cash flow of Rs. 161.37 lakhs. The auditors raised four concerns: unreliable inventory valuation (Rs. 1,381.84 lakhs based on estimates), inability to confirm trade receivables/payables balances, unverified cash and bank balances, and improper depreciation method change from WDV to SLM without retrospective application. Secretarial auditors changed from Neelam Somani & Associates to Priyanshi Jain.
The qualified audit opinion and negative operating cash flow are serious red flags for investors. The 98% profit decline and weak cash generation despite stable revenue suggest operational challenges. Multiple unverifiable balance sheet items (inventory, receivables, cash) indicate internal control weaknesses that could mask material misstatements.