Raj Oil Mills FY26 Net Profit Rises 73% to ₹466.80 Cr
Raj Oil Mills reported a 73.1% YoY increase in FY26 net profit to ₹466.80 crore, with revenue growing 32.2% to ₹15,137.08 crore. The board approved a ₹9.20 crore preferential issue to non-promoters and appointed auditors for FY26-27. The company also submitted newspaper advertisements for its financial results published on May 13, 2026.
*this image is generated using AI for illustrative purposes only.
Raj Oil Mills has reported its audited financial results for the year ended March 31, 2026, recording a 73.1% year-on-year increase in net profit to ₹466.80 crore, up from ₹269.68 crore in the previous year. Revenue from operations for the year grew 32.2% to ₹15,137.08 crore from ₹11,445.56 crore in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹50.98 crore on revenue of ₹4,163.46 crore. The board, in its meeting held on May 12, 2026, approved the results and appointed M/s. T M Dalal & Company as the internal auditor and M/s. Vinod C. Subramaniam & Co. as the cost accountant for FY26-27.
Preferential Issue Approval
The board approved a proposal to raise funds aggregating up to ₹9.20 crore through a preferential issue of securities to seven non-promoter investors. The issuance comprises up to 10,00,000 equity shares and up to 10,00,000 convertible warrants, priced at ₹46 per security, including a premium of ₹36. The relevant date for determining the issue price is May 12, 2026. Upon full allotment and conversion of warrants, the paid-up equity share capital will increase from ₹14,98,86,840 to ₹16,98,86,840.
| Parameter | Details |
|---|---|
| Total Fund Raise | ₹9,20,00,000 |
| Equity Shares Issued | Up to 10,00,000 |
| Convertible Warrants Issued | Up to 10,00,000 |
| Issue Price (per security) | ₹46 (including premium of ₹36) |
| Face Value | ₹10 per share |
| Pre-Issue Paid-Up Capital | ₹14,98,86,840 |
| Post-Issue Paid-Up Capital | ₹16,98,86,840 |
Proposed Allottees and Utilisation
The preferential issue is allocated to seven non-promoter investors, including Ashfaq Ahmad and Glassil Industries LLP. The company plans to utilise the proceeds primarily for the repayment or prepayment of outstanding loans from promoters and directors, amounting to ₹8.70 crore, with the remainder for general corporate purposes. The post-issue shareholding of the promoter group is expected to decline from 75.00% to 66.17%.
Auditor's Emphasis of Matter
The statutory auditors, M/s. Kailash Chand Jain & Co., issued an unmodified opinion on the financial results. However, they drew attention to an outstanding amount of ₹57.73 lakh payable to unsecured operational creditors and public fixed deposit holders as per a resolution plan approved by NCLT. The company noted that cheques issued to these parties were returned due to non-traceability, and an application has been filed with NCLT seeking directions for payment.
Newspaper Advertisement Submission
Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Raj Oil Mills Limited submitted copies of newspaper advertisements pertaining to the financial results for the quarter and year ended March 31, 2026. The advertisements were published in the English newspaper 'Business Standard' and the Marathi newspaper 'Nalanda Express' on May 13, 2026.
Historical Stock Returns for Raj Oil Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.82% | +0.11% | +3.69% | -8.90% | -1.14% | -31.88% |
How might the significant decline in promoter shareholding from 75% to 66.17% following the preferential issue affect Raj Oil Mills' corporate governance and strategic decision-making in the coming years?
Given the 73% profit growth in FY26 but a notable sequential decline in Q4 net profit to ₹50.98 crore from Q3's ₹121.81 crore, what operational or seasonal factors could impact Raj Oil Mills' profitability trajectory in FY27?
With proceeds primarily earmarked for repaying promoter and director loans, how will the elimination of this related-party debt influence Raj Oil Mills' balance sheet health and future borrowing capacity?
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