RKD Agri & Retail Limited reported a net profit of ₹7.21 lakh for the quarter ended June 30, 2026, reversing a net loss of ₹41.57 lakh recorded in the preceding quarter. The Mumbai-based agri-retail firm posted revenue from operations of ₹7.22 lakh for Q1FY26, down significantly from ₹61.75 lakh in the previous quarter but higher than the ₹44.24 lakh reported in the corresponding period of FY25. The Board of Directors approved the unaudited financial results on August 11, 2026, following a recommendation by the Audit Committee.

The profit turnaround was driven by a sharp decline in operational expenses, which fell to ₹0.01 lakh from ₹103.33 lakh in the prior quarter. This reduction was primarily due to zero purchases of stock-in-trade and nil employee benefits expense in the current period, compared to significant outlays in the preceding quarter. Statutory Auditors MNT And Associates LLP conducted a limited review of the financial statements in accordance with Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India.

Financial Performance

The company’s total income remained at ₹7.22 lakh, entirely derived from operations as other income was nil. The drastic reduction in costs allowed the company to achieve a pre-tax profit of ₹7.21 lakh. There were no exceptional items or tax expenses recorded for the period. Earnings per share (basic) stood at ₹0.01, an improvement from the diluted EPS of -₹0.07 in the preceding quarter.

Corporate Actions and Compliance

In addition to approving the financial results, the Board fixed the date, time, and place for the Annual General Meeting (AGM) for FY25-26. The meeting is scheduled to be held on September 25, 2026, at 11:30 AM at the company’s registered office in Chakala, Andheri East, Mumbai. The Board also approved the AGM notice along with the Directors’ Report and its annexures.

The company submitted the Statement of Deviation or Variation in the utilization of funds raised under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statement confirmed that there has been no deviation in the use of funds raised through public issues on March 8, 2023. Of the ₹5.42 crore raised, ₹5.36 crore has been utilized against working capital and loan repayment. The remaining difference is attributed to the non-receipt of warrant allotment money, with a portion forfeited.

RKD Agri & Retail Limited reported a net loss of ₹83.83 lakh for the financial year ended March 31, 2026, widening from a loss of ₹10.98 lakh in the previous year. The company's board approved the standalone audited financial results for FY26 on May 28, 2026, following the recommendation of the Audit Committee. Revenue from operations for the year declined to ₹179.38 lakh compared to ₹182.50 lakh in FY25, while total expenses increased significantly to ₹263.28 lakh from ₹193.63 lakh in the prior year.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹41.57 lakh. Revenue for the quarter stood at ₹61.75 lakh, up from ₹50.21 lakh in the corresponding period of the previous year. However, total expenses surged to ₹103.33 lakh, driven by higher purchases of stock-in-trade, employee benefits, and finance costs. The board also appointed Hiren Dave as the Internal Auditor for the financial year 2026-2027.

Financial Performance for FY26

The statutory auditors, M N T And Associates LLP, did not express any modified opinion in their audit report. The company stated that the submission of disclosures regarding related party transactions and the Secretarial Audit Compliance Report is not applicable as per relaxations provided under Regulation 15(2) of the SEBI (LODR) Regulations, 2015. Additionally, the company confirmed there was no deviation in the utilization of funds raised through a public issue in March 2023.