This is to inform that Board has considered and approved the Audited Financial result for the quarter/ year ended 31st March 2025.
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Awaiting price reaction for this filing.
RSC International Ltd announced its audited financial results for FY25 (year ended March 31, 2025) at a board meeting held on May 30, 2025. The auditor (DGMS & Co.) issued a Qualified Opinion on the results — the second consecutive year of qualification. The basis for the qualification flags serious financial health concerns: the company continues on a going-concern basis despite erosion of net worth and recurring cash losses over many years. The auditor also flagged a Key Audit Matter involving misclassification in earlier years: about ₹346.11 lakh of share application money had been wrongly adjusted against debtors (subsequently written off), and ₹1.57 lakh of director unsecured loans was incorrectly reduced from calls in arrears; these errors were corrected in the current year. For FY25, total income rose to ₹330.79 lakh from ₹156.00 lakh (more than doubled), with net profit of about ₹26.10 lakh versus ₹0.67 lakh in FY24. However, cash flow from operations was sharply negative at around ₹(47.39) lakh.
This is a red-flag filing for shareholders — the auditor's qualified opinion and explicit going-concern doubts (net worth erosion plus multi-year cash losses) outweigh the headline revenue and profit growth. The stock is likely to react negatively; investors should treat the reported profit with caution given the audit qualifications and negative operating cash flow.