Rajnandini Metal reports net loss of ₹32 lakh for FY26
Rajnandini Metal Limited reported a net loss of ₹32 lakh for FY26 against a profit of ₹217 lakh in FY25, with total income dropping to ₹26,474 lakh. The auditors issued a qualified opinion due to GST and tax demands totaling over ₹300 crore, against which the company has filed appeals. The board also approved a postal ballot for the re-appointment of key directors.
*this image is generated using AI for illustrative purposes only.
Rajnandini Metal Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a net loss of ₹32 lakh for the fiscal year 2025-26, a reversal from the net profit of ₹217 lakh recorded in the previous year.
For the quarter ended March 31, 2026, the company posted a net profit of ₹113 lakh. Total income for the quarter was ₹5,657 lakh, while total expenses stood at ₹5,491 lakh. The basic and diluted earnings per share (EPS) for the quarter were reported at ₹0.04.
The annual financial performance reflected a sharp decline in operational scale. Total income for the year ended March 31, 2026, fell to ₹26,474 lakh from ₹1,04,191 lakh in the prior year. Total expenses for the period were ₹26,460 lakh. The basic and diluted EPS for the year turned negative at ₹(0.00), compared to ₹(0.08) in the previous year.
Financial Results Summary
| Particulars | Year Ended Mar 31, 2026 (₹ in Lakhs) | Year Ended Mar 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Total Income | 26,474 | 1,04,191 |
| Total Expenses | 26,460 | 1,04,463 |
| Profit/(Loss) before tax | 10 | (272) |
| Net Profit/(Loss) for the period | (32) | (217) |
| Basic EPS | (0.00) | (0.08) |
Audit Qualifications and Legal Matters
The statutory auditors, Krishna & Associates, issued a qualified opinion regarding the financial results. The qualification pertains to a demand raised by GST Authorities aggregating to ₹290.70 crore, including interest and penalty, alleging the claiming of ineligible input tax credit. Additionally, Income Tax Authorities raised a demand of ₹10.68 crore. The management has filed appeals against these demands and stated that no provision has been made as they believe the liabilities will not crystallize.
Corporate Governance
The board took note of the Secretarial Compliance Report for 2026. Furthermore, the board approved the convening of a postal ballot to seek shareholder approval for the re-appointment of Mr. Sanjeev Chhaudha and Mr. Arun Sharma as Independent Directors for a second term, and Mr. Ashok Kalra as Chairman and Managing Director of the company.
Historical Stock Returns for Rajnandini Metal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.25% | -0.51% | -3.21% | -7.55% | -23.74% | -10.09% |
How might the ₹290.70 crore GST demand, if upheld by appellate authorities, impact Rajnandini Metal's ability to sustain operations given its already thin margins?
What strategic measures is Rajnandini Metal's management considering to reverse the ~75% decline in total income and restore revenue to previous levels?
Could the re-appointment of key leadership figures like Mr. Ashok Kalra as CMD signal a continuity of the current business strategy, or are significant operational changes expected?
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