Raunaq International Limited has secured work orders worth ₹18.10 crore from Ambuja Cements Limited for the supply, erection, testing, and commissioning of raw water pipelines and associated equipment at the ACL Maratha unit in Chandrapur, Maharashtra. The orders, received on July 07, 2026, are to be executed within ten months from the effective date of May 11, 2026, with site commencement scheduled for July 01, 2026.

The company disclosed the order details in a filing to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The aggregate order value is exclusive of taxes, and the projects are classified as domestic orders with no related party transactions involved.

Order Details

The work has been split into two specific orders. The first order, valued at ₹10.85 crore, covers the supply, erection, testing, and commissioning of the raw water pipeline. The second order, valued at ₹7.25 crore, is focused on the erection, testing, and commissioning of the pipeline and associated equipment.

Project Timeline and Terms

The execution period for both orders is ten months from the effective date of May 11, 2026. The delivery schedule indicates that site work will commence on July 01, 2026, following discussions on the terms and conditions of the purchase orders. The defect liability period is set at 12 months from the date of successful commissioning.

Payment terms for the first order include a 10% advance, 85% of the supply value paid on a pro-rata basis, and a 5% retention payment upon project completion. For the second order, the terms comprise a 10% advance, 80% of the erection value paid on a pro-rata basis, 5% against the hydro test, and a 5% retention payment upon completion. Both orders require bank guarantees for advance payment and performance security.

Raunaq International reported a net profit of ₹9.15 lakh for the financial year ended March 31, 2026, a sharp decline from ₹121.94 lakh in the previous year. Revenue from operations rose to ₹3,604.85 lakh for FY26, compared to ₹2,142.55 lakh in FY25, driven primarily by income from the trading of alloy steel for auto components. The company's total expenses for the year stood at ₹3,667.59 lakh, up from ₹2,106.60 lakh in the prior year.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026 at its meeting held on May 27, 2026. The statutory auditors, M/s B.R. Maheswari & Co LLP, issued an audit report with an unmodified opinion on the financial results. The meeting commenced at 07:00 P.M. and concluded at 07:50 P.M.

For the quarter ended March 31, 2026, the company reported a net loss of ₹112.61 lakh, compared to a net profit of ₹54.69 lakh in the same quarter of the previous year. Revenue from operations for the quarter decreased to ₹823.78 lakh from ₹1,100.84 lakh in Q4FY25. Total expenses for the quarter increased to ₹948.64 lakh from ₹1,088.18 lakh in the corresponding period last year.

Segment-wise performance indicates that income from the trading of alloy steel for auto components was ₹1,839.33 lakh for FY26, while income from the engineering contracting business was ₹1,765.52 lakh. The engineering contracting segment reported a segment result of ₹4.44 lakh for the year, whereas the trading segment reported a profit of ₹87.10 lakh before other adjustments.

The company's balance sheet as of March 31, 2026, shows total assets of ₹2,506.16 lakh, an increase from ₹2,042.65 lakh in the previous year. Total equity stood at ₹786.21 lakh, while total liabilities increased to ₹1,719.95 lakh from ₹1,268.88 lakh in FY25. Cash and cash equivalents decreased significantly to ₹13.27 lakh from ₹190.43 lakh at the end of the previous financial year.

Financial Results for FY26