Rhetan TMT Limited Reports FY26 Financial Results; Company Secretary Resigns
Rhetan TMT Limited reported FY26 profit of Rs 1029.78 lakh on total income of Rs 3295.72 lakh, with EPS of Rs 0.18. The company received an unmodified audit opinion from GMCA & Co. Separately, Company Secretary Mrs. Riddhi Mit Shah resigned effective 30th April 2026 to pursue better career opportunities.
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Rhetan TMT Limited has announced its audited financial results for the quarter and year ended 31st March, 2026, following a Board meeting held on 2nd May, 2026. The company reported total income of Rs. 3295.72 lakh for FY26, compared to Rs. 4059.31 lakh in the previous year. Profit for the year stood at Rs. 1029.78 lakh, with earnings per share of Rs. 0.18 on both basic and diluted basis.
Financial Performance Summary
The statutory auditors, GMCA & Co., Chartered Accountants (FRN: 109850W), issued an audit report with unmodified opinion on the financial results. The company operates in a single segment focused on manufacturing of TMT Bars and has adopted Indian Accounting Standards (Ind AS) from 1st April, 2024.
| Particulars | Year Ended 31/03/2026 | Year Ended 31/03/2025 |
|---|---|---|
| Total Income | Rs. 3295.72 lakh | Rs. 4059.31 lakh |
| Total Expenses | Rs. 1978.98 lakh | Rs. 3533.22 lakh |
| Profit for the Period | Rs. 1029.78 lakh | Rs. 494.90 lakh |
| Earnings Per Share (Basic) | Rs. 0.18 | Rs. 0.06 |
| Total Assets | Rs. 16511.61 lakh | Rs. 12350.42 lakh |
| Total Equity and Liabilities | Rs. 16511.61 lakh | Rs. 12350.42 lakh |
Balance Sheet Position
The company's balance sheet shows total assets of Rs. 16511.61 lakh as at 31st March, 2026, comprising non-current assets of Rs. 4139.60 lakh and current assets of Rs. 12372.01 lakh. Equity stood at Rs. 10861.41 lakh, with share capital of Rs. 7968.75 lakh and other equity of Rs. 2892.66 lakh. Non-current liabilities increased to Rs. 2741.01 lakh, while current liabilities stood at Rs. 2909.19 lakh.
Cash Flow Analysis
The cash flow statement for FY26 shows net cash from operating activities of Rs. 134.43 lakh, net cash used in investing activities of Rs. 869.99 lakh, and net cash from financing activities of Rs. 736.02 lakh. Cash and cash equivalents at the end of the year were Rs. 30.24 lakh, compared to Rs. 29.78 lakh at the beginning of the year.
Management Changes
Separately, the company informed BSE and NSE about the resignation of Company Secretary and Compliance Officer, Mrs. Riddhi Mit Shah (ACS: A70953), effective 30th April, 2026. Mrs. Shah resigned to pursue better career opportunities. The notification was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Shalin A. Shah (DIN: 00297447) signed the formal intimation letter submitted to the stock exchanges.
Historical Stock Returns for Rhetan TMT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.20% | +12.57% | +19.85% | +29.21% | +39.22% | +39.22% |
What strategic initiatives will Rhetan TMT implement to reverse the 34% decline in operational revenue while maintaining their impressive cost reduction achievements?
How will the departure of the Company Secretary impact compliance operations, and what timeline does management expect for appointing a replacement?
Given the strong Q4 recovery in operations revenue, can this momentum be sustained through FY27 amid potential steel industry headwinds?
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