Considered and approved the Unaudited Standalone Financial Results along with Limited Review Report for the quarter and nine months ended 31st December, 2025 as prescribed under Regulation ....
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Awaiting price reaction for this filing.
Royal Cushion Vinyl Products reported a sharp deterioration in Q3 FY26 (ended Dec 31, 2025), with revenue from operations falling to Rs. 1,272.62 lakhs from Rs. 1,595.06 lakhs in the year-ago quarter. For the nine-month period, revenue declined about 9.7% YoY to Rs. 4,416.70 lakhs (vs Rs. 4,889.67 lakhs). The company swung deeper into losses, posting a Q3 net loss of Rs. 452.71 lakhs (vs Rs. 149.57 lakhs loss in Q3 FY25) and a 9M loss of Rs. 752.27 lakhs (vs Rs. 252.53 lakhs loss last year). Finance costs surged dramatically to Rs. 601.51 lakhs in 9M FY26 from Rs. 164.79 lakhs a year ago, weighing heavily on profitability. A fire incident at the factory in December 2025 added to the strain. Management continues to prepare accounts on a going concern basis, citing a high order book and a planned preferential equity issue. The company also appointed CS Vikash Mittal as Company Secretary effective March 1, 2026.
Negative for shareholders — widening losses, falling revenue, sharply rising finance costs, and an explicit going-concern reference raise red flags. The planned preferential issue to raise equity capital suggests potential share dilution ahead.