Unaudited Standalone and Consolidated Financial Results for the Quarter Ended June 30, 2025 along with Limited Review Reports issued by Statutory Auditors of the Company.
Awaiting price reaction for this filing.
Rama Petrochemicals reported Q1FY26 standalone revenue from operations of Rs. 17.00 lakhs, up from near-zero in the same quarter last year (Rs. 0.01 lakhs). Total expenses stood at Rs. 190.15 lakhs, with finance costs of Rs. 146.17 lakhs being the single largest line item. The company posted a net loss of Rs. 173.03 lakhs for the quarter, slightly wider than the Rs. 152.12 lakh loss in Q1FY25, taking the FY25 full-year loss to Rs. 680.50 lakhs. Basic and diluted EPS stood at Rs. (1.48). The statutory auditors issued a qualified (modified) conclusion flagging the company's treatment of a Rs. 185 lakh payment toward release of collateral securities as 'Other Financial Assets', which they said is not in line with generally accepted accounting principles, overstating retained earnings and current assets by the same amount.
The company remains in deep operating stress — finance costs alone are nearly 9x its quarterly revenue, and losses continue to widen. The auditor's qualified opinion on the Rs. 185 lakh accounting treatment is a governance and disclosure concern. Shareholders should view this as a high-risk, loss-making profile with no clear path to profitability visible in the numbers.