Unaudited Standalone and Consolidated Financial Results for the Quarter and Half Year Ended 30th September, 2025 together with Standalone and Consolidated Statement of Assets and Liabilities ....
Awaiting price reaction for this filing.
Rama Petrochemicals reported very weak results for Q2 FY26 with standalone revenue of just Rs. 5.57 lacs (vs Rs. 2.85 lacs in Q2 FY25) and a net loss of Rs. 181.83 lacs, widening from Rs. 169.96 lacs a year ago. For H1 FY26, revenue rose to Rs. 22.69 lacs from Rs. 2.88 lacs, but the company still posted a loss of Rs. 354.86 lacs versus Rs. 322.08 lacs last year, with basic EPS of negative Rs. 3.04. The company's balance sheet is severely stressed: standalone net worth is deeply negative at about Rs. 6,269 lacs (retained earnings of negative Rs. 7,442 lacs) against total borrowings of roughly Rs. 6,796 lacs, and finance costs of Rs. 296 lacs in just six months are eating into a near-zero revenue base. The auditor has issued a qualified/modified review conclusion because Rs. 185 lacs paid toward releasing collateral securities was booked as 'Other Financial Assets' instead of being written off, inflating retained earnings. Operating cash flow in H1 was modestly positive at Rs. 123 lacs, supported by Rs. 362 lacs of fresh borrowings.
Shareholders should note this is a loss-making, financially distressed micro-cap with negative net worth, high interest burden, and a qualified auditor opinion, suggesting significant solvency risk despite small trading activity. The stock is likely to remain under pressure, and the auditor's qualification adds another flag on earnings quality.