The Board of Directors at its Meeting held on 14.11.2025 approved the Financial Results along with Limited Review Report for the Quarter ended 30.09.2025
Awaiting price reaction for this filing.
Raasi Refractories' board, meeting on 14 November 2025, approved the unaudited standalone financial results for the quarter ended 30 September 2025, along with the Limited Review Report from statutory auditor Narasimha Rao & Associates. The auditor issued a clean review with no qualifications, emphasis of matter, or going-concern flags. Total assets/liabilities on the balance sheet grew to about ₹5,472 lakhs from ₹4,896 lakhs as of March 2025. Long-term borrowings dropped sharply from roughly ₹1,493 lakhs to just ₹17 lakhs, indicating significant deleveraging, while short-term borrowings stayed broadly flat at around ₹1,480-1,598 lakhs. Operating cash flow improved materially to about ₹450 lakhs versus ₹118 lakhs in the prior period, and the closing cash balance rose to ₹210 lakhs from ₹150 lakhs. The company operates in a single segment (refractories) and reported no pending investor complaints.
Positive for shareholders: major reduction in long-term debt and a sharp jump in operating cash generation suggest a stronger balance sheet, though profitability and revenue figures are difficult to read precisely from the filing. The clean auditor review removes a near-term overhang, and the deleveraging could support the stock in the near term.