We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. July 14, 2025, which commenced at 03.00 p.m. and concluded at 06.30 p.m. have discussed, ....
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Awaiting price reaction for this filing.
Royal India Corporation reported strong Q1 FY26 results with revenue from operations jumping to Rs. 4,167.04 lakhs from Rs. 1,135.35 lakhs in Q1 FY25, a 267% YoY growth driven entirely by the Bullion segment. The company swung to a profit of Rs. 322.48 lakhs (EPS Rs. 0.30) compared to a loss of Rs. 37.58 lakhs (EPS Rs. (0.03)) in the same quarter last year. Total income stood at Rs. 4,272.26 lakhs versus Rs. 1,159.91 lakhs YoY. The statutory auditor (RAKCHAMPS & Co. LLP) issued an unmodified limited review report with no qualifications or matters of emphasis. The Board also appointed M/s. M Borar & Co. as Internal Auditor and M/s. Mayank Arora & Co. as Secretarial Auditor for FY26. No investor complaints were received during the quarter.
Strong turnaround story with massive revenue growth and a return to profitability from a loss-making base last year could be positive for the stock, though investors should note that the Bullion segment (precious metals trading) is inherently volatile and the prior-year base was unusually low.