Radiant Cash Management Services Limited reported a 40.5% year-on-year decline in consolidated net profit to ₹279.8 million for the financial year ended March 31, 2026, down from ₹470.6 million in the previous year. The board recommended a final dividend of ₹2.5 per equity share of ₹1 each, amounting to ₹266.77 million. Consolidated revenue from operations for the year grew 1.1% to ₹4,383.9 million from ₹4,334.5 million in FY25. The company attributed the low revenue growth to the loss of a few divisions of Railways and one large Ecom logistics client due to a merger.

The audited standalone and consolidated financial results were approved by the Board of Directors on May 29, 2026. Statutory auditors ASA & Associates LLP issued an unmodified opinion on the results. The company confirmed it is not a Large Corporate as per SEBI criteria, with outstanding borrowings at Nil excluding short-term facilities. The results were published in the Financial Express and Makkal Kural on May 30, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the earnings conference call held on June 2, 2026, has been uploaded to the company's website.

Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹30 million, compared to ₹84 million in the corresponding quarter of the previous year. Consolidated revenue from operations for the quarter fell 3.4% to ₹1,008 million from ₹1,043 million. Total income for the quarter was ₹1,032 million.

Operational and Governance Updates

The Board re-appointed M/s. Menon & Pai, Chartered Accountants, as internal auditors for FY 2026-27. In the consolidated results, the company recognized an exceptional item of ₹31.25 million due to unauthorized and fraudulent transactions identified at its subsidiary, Aceware Fintech Services Private Limited. The company stated it has taken immediate actions to prevent recurrence.

EBITDA margins dropped by 5.4% due to losses incurred in the fintech subsidiary and Radiant Valuables Logistics business. Total cash movement for FY26 stood at ₹1,694 billion, representing 1% growth over the previous year. The company added 118 new clients and 230 new end customers during the financial year, expanding its footprint to 14,844 pin codes and 77,521 touch points. The company maintained its position as a leading integrated cash logistics player with a strong presence in Tier 2 and Tier 3+ locations, which contributed 83.5% of revenues.

Management Commentary and Outlook

During the earnings conference call, management stated that the overall consolidated PAT dropped largely on account of losses incurred in the fintech subsidiary, Radiant Acemoney. The PIDF subsidy ended in December 2025, and the subsidiary is working towards improving transaction revenues. The management expects the fintech subsidiary to turn EBITDA positive in the first half of the current financial year. Radiant Valuables Logistics, which reported losses of ₹60 million in FY26, is also expected to achieve breakeven in the first half of the current financial year following the addition of marquee national jewellery chains and route optimization.

The company is focusing on adding direct clients, which now constitute 18% of revenue, and increasing trust on dedicated cash vans. Management targets reaching 30% direct revenue within two years. The company holds approximately ₹100 crore of cash on its books, with free cash of about ₹60 crore as of March 2026. The management is exploring a share buyback as an option and is in discussions with shareholders and consultants.

Radiant Cash Management Services Limited disclosed that its promoter and promoter group collectively hold 6,07,35,775 equity shares, representing 56.92% of the total shareholding as on March 31, 2026. The filing confirms that no shares were encumbered directly or indirectly during the financial year ended March 31, 2026.

The disclosure was submitted by Col. David Devasahayam, Founder & Promoter, on behalf of the Promoter and Promoter Group in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company submitted the filing to the National Stock Exchange of India Limited and BSE Limited on April 7, 2026.

Shareholding Details

The detailed breakdown of the shareholding indicates that Col. David Devasahayam holds the majority of the promoter stake, while Dr. Renuka David holds a significant portion. The remaining shares are held by other members of the promoter group.

The filing explicitly states that there has been no encumbrance of shares by the promoter or promoter group during the financial year. This disclosure is part of the company's regulatory compliance obligations regarding substantial acquisition of shares and takeovers.