Audited Financial Results for the Quarter and Year Ended 31st March, 2026
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RR MetalMakers India Ltd reported total revenue of Rs.8,739.41 Lakhs for FY2026, up from Rs.5,250.82 Lakhs in FY2025, driven by higher trading and manufacturing sales. However, the company swung to a net loss of Rs.67.21 Lakhs versus a profit of Rs.167.65 Lakhs in the prior year. The auditors issued a Qualified Opinion, flagging that revenue of Rs.1,354.70 Lakhs (Samaira International) and Rs.275.52 Lakhs (Grandmark Global PTE) was recognized for export sales where goods had not yet been transferred to customers, violating IND AS 115. Adjusted figures show turnover would be Rs.7,109.19 Lakhs and net worth would drop from Rs.837.66 Lakhs to Rs.448.83 Lakhs if corrected. Operating cash flow was deeply negative at Rs.491.17 Lakhs, down from positive Rs.1,066.79 Lakhs a year ago. Management claims shipments are delayed due to non-operational DMG portal monitoring and limited ship availability from the Iran-Israel conflict.
The Qualified Opinion and uncollected export revenue of over Rs.1,630 Lakhs raise serious concerns about revenue recognition integrity and cash flow sustainability. Shareholders should be cautious as the company's net worth could be overstated by Rs.389 Lakhs.