Ramgopal Polytex FY26 net loss widens to ₹99.11 lakh
Ramgopal Polytex Limited reported a widened net loss of ₹99.11 lakh for FY26, compared to ₹18.52 lakh in FY25, with revenue falling to ₹109.36 lakh. The board approved the sale of its investment in Ramgopal Synthetics Limited for ₹1,34,90,000 and appointed a new internal auditor.
*this image is generated using AI for illustrative purposes only.
Ramgopal Polytex Limited has announced its audited financial results for the quarter and year ended March 31, 2026, following a board meeting held on May 20, 2026. The company reported a net loss of ₹99.11 lakh for the full financial year, widening from the net loss of ₹18.52 lakh recorded in the previous year. Revenue from operations for the year declined to ₹109.36 lakh from ₹148.20 lakh in the preceding year. The statutory auditors, M/s. Rungta Agarwal and Associates, issued an unmodified opinion on the annual audited standalone financial results.
For the quarter ended March 31, 2026, the company reported a net loss of ₹11.60 lakh. Revenue from operations for the quarter was ₹21.69 lakh, compared to ₹3.63 lakh in the same quarter of the previous year. Total income for the quarter stood at ₹36.83 lakh. The results were published in The Financial Express and Mumbai Lakshadeep on May 21, 2026, under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
The company's financial statements reflect a challenging year with increased expenses and lower income. Total expenses for the year rose to ₹281.92 lakh from ₹244.44 lakh in the previous year. Other income for the year stood at ₹73.45 lakh, slightly lower than the ₹77.85 lakh reported in the prior year. The basic and diluted earnings per share (EPS) for the year were reported at (₹0.68), compared to (₹0.13) in the previous year.
| Particulars | Year Ended 31/03/2026 (Audited) | Year Ended 31/03/2025 (Audited) |
|---|---|---|
| Revenue from Operations | ₹109.36 lakh | ₹148.20 lakh |
| Total Income | ₹182.81 lakh | ₹226.05 lakh |
| Total Expenses | ₹281.92 lakh | ₹244.44 lakh |
| Net Profit / (Loss) | (₹99.11 lakh) | (₹18.52 lakh) |
| Basic EPS | (₹0.68) | (₹0.13) |
Strategic Decisions
During the meeting, the board approved the sale of its investment in Ramgopal Synthetics Limited. The company will sell 1,90,000 equity shares with a face value of ₹10 each to Mrs. Minal Nipoon Agarwal jointly with Mr. Nipoon G. Agarwal. The transaction is for a lump sum consideration of ₹1,34,90,000, based on a valuation report pricing the shares at ₹71 per equity share. The agreement for the sale was entered into on May 20, 2026, with completion expected by May 31, 2026.
Corporate Governance
The board, based on the recommendations of the Audit Committee, appointed Mr. Ravi Seth, proprietor of M/s. Ravi Seth & Co., Chartered Accountants, as the Internal Auditor of the company for the financial year 2026-27. The meeting commenced at 1:00 PM and concluded by 2:15 PM on May 20, 2026.
Historical Stock Returns for Ramgopal Polytex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -14.03% | -28.24% | +147.99% | +224.56% | +858.55% |
How will the proceeds from the ₹1.35 crore sale of Ramgopal Synthetics Limited shares be deployed, and could this capital infusion help the company reverse its widening net losses in FY2026-27?
Given the declining revenue trend and rising expenses, what operational restructuring or new business strategies is Ramgopal Polytex considering to achieve profitability in the near term?
What is the strategic rationale behind divesting the stake in Ramgopal Synthetics Limited to the Agarwal family members, and could this signal further asset monetization or group restructuring ahead?
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