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RSC International Q2 FY27 results: net loss widens to ₹0.23 crore
RSC International Ltd reported standalone revenue of ₹0 crore and a net loss of ₹0.23 crore for Q2 FY27, compared with a net loss of ₹0.02 crore in Q2 FY26. Total expenses rose to ₹0.23 crore from ₹0.02 crore, while basic EPS fell to ₹0.40 from ₹0.03. The first half of FY27 recorded a net loss of ₹0.35 crore, and the auditors issued a qualified conclusion that highlighted material uncertainty over the company’s ability to continue as a going concern.
Key points
- Standalone Q2 FY27 revenue was ₹0 crore, unchanged from Q2 FY26, while total income was also ₹0 crore.
- Q2 FY27 EBITDA was negative ₹0.23 crore, compared with negative ₹0.02 crore in Q2 FY26; no EBITDA margin was reported.
- Q2 FY27 net loss was ₹0.23 crore, compared with a net loss of ₹0.02 crore in Q2 FY26, while basic EPS was ₹0.40 versus ₹0.03.
- Total expenses were ₹0.23 crore in Q2 FY27, up ₹0.21 crore from Q2 FY26; other expenses rose to ₹0.16 crore from ₹0.01 crore.
- The auditors qualified their conclusion, citing significant erosion in net worth, continuous cash losses and a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern.
How did RSC International perform in Q2 FY27?
On a standalone basis, RSC International reported revenue of ₹0 crore for Q2 FY27, unchanged from Q2 FY26 and Q1 FY27. Total income was also ₹0 crore, and no EBITDA margin was reported. The company reported negative EBITDA of ₹0.23 crore, compared with negative EBITDA of ₹0.02 crore in Q2 FY26 and ₹0.11 crore in Q1 FY27. Profit before tax and net loss were each ₹0.23 crore in Q2 FY27, against ₹0.02 crore in Q2 FY26 and ₹0.11 crore in Q1 FY27. Basic EPS was ₹0.40, compared with ₹0.03 in Q2 FY26 and ₹0.19 in Q1 FY27. The company reported no exceptional item for the quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.23 | 0.11 | 0.02 | +1050.0% | +109.1% |
| EBITDA | −0.23 | −0.11 | −0.02 | ||
| Profit before tax | −0.23 | −0.11 | −0.02 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.23 | −0.11 | −0.02 | ||
| EPS (₹) | −0.40 | −0.19 | −0.03 |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in RSC International's costs and profit?
Total expenses for Q2 FY27 were ₹0.23 crore, up ₹0.21 crore from Q2 FY26, when they were ₹0.02 crore. Employee benefit expenses were ₹0.07 crore, up ₹0.06 crore from ₹0.01 crore, while other expenses rose to ₹0.16 crore from ₹0.01 crore, an increase of ₹0.15 crore. Cost of materials, finance costs and depreciation remained unchanged at ₹0 crore. Other income was unchanged at ₹0 crore, and the company reported no exceptional item. Tax expense was also unchanged at ₹0 crore. The figures show that the higher employee benefit and other expenses accompanied the wider quarterly loss; the filing excerpts do not state a reason for those increases.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.07 | 0.01 | +0.06 | +600.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.16 | 0.01 | +0.15 | +1500.0% |
| Total expenses | 0.23 | 0.02 | +0.21 | +1050.0% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, RSC International reported revenue of ₹0 crore, compared with ₹0.1 crore in H1 FY26, while total income also declined from ₹0.1 crore to ₹0 crore. The company recorded a loss before tax of ₹0.35 crore and a net loss of ₹0.35 crore, compared with a loss before tax and net loss of ₹0.0 crore in H1 FY26. Basic EPS was ₹0.60, compared with ₹0.01. The H1 FY27 loss therefore turned to a loss from the near-zero result reported for H1 FY26. No consolidated first-half figures were given in the filing.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0.10 | |
| Profit before tax | −0.35 | 0 | turned to loss |
| Net profit | −0.35 | 0 | turned to loss |
| EPS (₹) | −0.60 | −0.01 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹0.35 crore, compared with ₹0.23 crore at 31 March 2026. Total equity was negative ₹0.48 crore, compared with negative ₹0.13 crore, while borrowings rose to ₹0.22 crore from ₹0.12 crore. Cash was ₹0.07 crore at the quarter end, compared with ₹0 crore at 31 March 2026. For H1 FY27, operating cash flow was negative ₹0.03 crore, compared with negative ₹0.01 crore in H1 FY26. Investing cash flow was negative ₹0.0 crore, compared with ₹0 crore, and financing cash flow was ₹0.1 crore, compared with ₹0.01 crore. Capital expenditure was ₹0 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 0.35 | 0.23 |
| Total equity | −0.48 | −0.13 |
| Borrowings | 0.22 | 0.12 |
| Cash and equivalents | 0.07 | 0 |
| Inventories | 0 | 0 |
| Trade receivables | 0.12 | 0.21 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.03 | −0.01 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0.10 | 0.01 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has RSC International done over the last 8 quarters?
Revenue was highest in Q3 FY25 at ₹0.88 crore and was ₹0 crore in Q2 FY27. Profit was highest in Q3 FY25 at ₹0.2 crore and reached a low of negative ₹0.54 crore in Q4 FY25; Q2 FY27 profit was negative ₹0.23 crore. EBITDA margin was 20.7% in Q3 FY25 and 13.7% in Q1 FY26, with no margin reported for the subsequent quarters in the trend data. The direction of profit was lower in Q2 FY27 than in Q1 FY27, when it was negative ₹0.11 crore.
What did the auditors point out?
Kanu Doshi Associates LLP said its review was limited primarily to inquiries of company personnel and analytical procedures, providing less assurance than an audit; it did not perform an audit and did not express an audit opinion. The auditors qualified their conclusion because the company had suffered significant erosion in net worth and continuous cash losses over several years. They said these conditions indicated a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern, and that the company had not adequately disclosed the uncertainty in the financial results, as required under Ind AS 1. The auditors said the possible effects of certain matters were material but not pervasive and that they could not obtain sufficient appropriate evidence to determine their possible effects. They reported a net loss of ₹0.23 crore for the quarter and a negative net worth of ₹0.48 crore as at 30 September 2026.
How did other Other Textile Products companies do?
In the Other Textile Products peer set, 94 companies were compared for revenue growth, with a median revenue growth of 20.8%. The available peer data did not specify how many of the other companies grew slower or faster than RSC International, and 69 of 96 compared companies reported higher profit.
| RSC International revenue growth (YoY) | not comparable |
|---|---|
| Median of 94 other Other Textile Products companies | +20.8% |
| Companies whose net profit rose | 69 of 96 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was RSC International's revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did RSC International make a profit in Q2 FY27?
No. It reported a net loss of ₹0.23 crore, against a net loss of ₹0.02 crore in Q2 FY26.
What was RSC International's EPS in Q2 FY27?
Basic loss per share was ₹0.40, against a loss of ₹0.03 in Q2 FY26.
When did RSC International announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for For Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2026. (BSE, 31 October 2026) · PDF
- Board Meeting Outcome for Held On Thursday, 05Th November, 2026. (BSE, 5 November 2026) · PDF
- Unaudited Financial Result For The Quarter And Half Year Ended 30-09-2026 (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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