RTCL Limited posts ₹17.96 lakh profit in Q1FY27
RTCL Limited's Q1FY27 results show a standalone net profit of ₹17.96 lakh and consolidated profit of ₹21.16 lakh, driven by other income. Real estate segment revenue fell to ₹15.20 lakh with a segmental loss. Auditors flagged a departure from Ind AS 109 regarding investment valuation.

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RTCL Limited reported a standalone net profit of ₹17.96 lakh for the first quarter of FY27, an increase from ₹12.41 lakh in the corresponding period of FY26. The company’s consolidated net profit rose to ₹21.16 lakh from ₹12.49 lakh in the previous year’s quarter. The improvement in profitability was primarily driven by higher other income, which stood at ₹45.46 lakh, offsetting a decline in operational revenue from its real estate development segment.
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, during a meeting held on August 11, 2026. The results were reviewed by the Audit Committee and accompanied by a limited review report from statutory auditors V V G & Co. The filing was made pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
Revenue from operations for the standalone entity was nil for the current quarter, compared to nil in the prior quarter and ₹104.88 lakh in Q1FY25. However, total income reached ₹45.46 lakh, largely due to other income. Total expenses decreased to ₹22.01 lakh from ₹27.20 lakh in the preceding quarter. Profit before tax stood at ₹23.45 lakh, down from ₹24.50 lakh in the previous quarter but significantly higher than the ₹123.04 lakh reported in Q1FY25, which included substantial operational revenue.
| Metric | Q1FY27 (₹ lakh) | Q4FY26 (₹ lakh) | Q1FY26 (₹ lakh) |
|---|---|---|---|
| Revenue from Operations | - | - | 104.88 |
| Other Income | 45.46 | 51.70 | 43.65 |
| Total Expenses | 22.01 | 27.20 | 25.49 |
| Net Profit (Standalone) | 17.96 | 12.41 | 93.13 |
| Net Profit (Consolidated) | 21.16 | 12.49 | 95.63 |
Earnings per share (EPS) for continuing operations were ₹0.15 basic and diluted for the standalone results, compared to ₹0.10 in the previous quarter. Consolidated EPS stood at ₹0.18 basic.
Segment Analysis
The company operates in multiple segments, with Real Estate Development being the primary reporting segment. Standalone segment revenue from real estate development was ₹15.20 lakh, a slight increase from ₹15.06 lakh in the previous quarter but a sharp decline from ₹119.94 lakh in Q1FY25. The segment reported a loss of ₹2.03 lakh, improving from a loss of ₹7.49 lakh in the prior quarter and contrasting with a profit of ₹98.91 lakh in Q1FY25.
Interest income contributed significantly to the bottom line, totaling ₹30.27 lakh in the standalone statement. Capital employed in the real estate segment remained stable at ₹440.32 lakh. The consolidated capital employed increased to ₹4,533.27 lakh from ₹4,512.11 lakh in the previous quarter.
Auditor Observations
Statutory auditors V V G & Co noted a departure from Ind AS 109 "Financial Instruments." The company recognized non-current investments in equity shares at cost rather than fair value through profit and loss or other comprehensive income. Consequently, the impact on deferred tax and other comprehensive income could not be ascertained. The auditors also highlighted that two associates, Raghunath Builders Private Limited and P.J. Software Private Limited, were included in the consolidated results based on management-furnished data, as their interim statements were not audited. These associates contributed ₹3.20 lakh to the consolidated profit.
Historical Stock Returns for Raghunath Tobacco
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.93% | -3.18% | -9.87% | -12.18% | -30.10% | +57.47% |
How might the auditor's noted departure from Ind AS 109 regarding equity share valuation impact future financial reporting accuracy and investor confidence?
Given the sharp decline in real estate segment revenue compared to Q1FY25, what strategic initiatives is RTCL planning to revive operational income in this core segment?
Will the company address the reliance on unaudited management data for its associates, Raghunath Builders and P.J. Software, in upcoming consolidated filings?


































