Shree Rajasthan Syntex narrows net loss to ₹607.64 lakh in FY26
Shree Rajasthan Syntex reported a narrowed net loss of ₹607.64 lakh for FY26, down from ₹1,437.69 lakh in the previous year, while revenue from operations rose to ₹1,386.08 lakh. The company's total expenses decreased significantly, and the Board approved the audited financial results while authorizing the potential sale of assets in Dungarpur. Despite the improvement, statutory auditors flagged a material uncertainty regarding the company's ability to continue as a going concern due to net losses and current liabilities exceeding current assets.
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Shree Rajasthan Syntex reported a narrowed net loss of ₹607.64 lakh for the financial year ended March 31, 2026, compared to a loss of ₹1,437.69 lakh in the previous year. Revenue from operations for FY26 rose to ₹1,386.08 lakh from ₹1,330.74 lakh in FY25. The company’s total comprehensive loss for the year stood at ₹839.31 lakh.
Financial Performance
The company’s operating performance showed improvement with total expenses decreasing to ₹2,097.51 lakh in FY26 from ₹3,028.09 lakh in the prior year. For the quarter ended March 31, 2026, the company reported a net loss of ₹175.13 lakh on revenue of ₹333.08 lakh. The basic and diluted earnings per share for FY26 were reported at (₹2.50), compared to (₹5.13) in the previous year.
Asset Position and Liabilities
As of March 31, 2026, the company’s total assets stood at ₹2,613.91 lakh, while total liabilities were ₹1,853.53 lakh. Current liabilities exceeded current assets by ₹307.31 lakh, a factor highlighted by the auditors. The equity share capital increased to ₹4,073.73 lakh from ₹2,801.23 lakh in the previous year, following a preferential issue of equity shares.
Auditor’s Report and Going Concern
Statutory auditors Doogar & Associates issued an unmodified opinion on the financial results. However, the report drew attention to a material uncertainty related to the company’s ability to continue as a going concern, citing the net loss and the excess of current liabilities over current assets. Management believes the going concern basis is appropriate based on future business projections and operational improvements.
Board Approvals and Fund Utilization
The Board of Directors approved the audited standalone financial results and authorized the sale, transfer, or disposal of the company’s undertaking and assets in Dungarpur, Rajasthan, subject to shareholder approval. The company raised ₹1,076.56 lakh through a preferential issue in November 2025, utilizing ₹633.96 lakh by December 31, 2025, and an additional ₹375.21 lakh during the quarter ended March 31, 2026. The unutilized funds amount to ₹67.39 lakh.
| Financial Metric (₹ in Lakhs) | FY26 | FY25 |
|---|---|---|
| Revenue from Operations | 1,386.08 | 1,330.74 |
| Total Income | 1,539.38 | 1,676.64 |
| Total Expenses | 2,097.51 | 3,028.09 |
| Net Profit/(Loss) for the period | (607.64) | (1,437.69) |
| Total Comprehensive Income | (839.31) | (1,408.37) |
Historical Stock Returns for Shree Rajasthan Syntex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.96% | +10.06% | +6.06% | +57.82% | +14.80% | +305.93% |
What specific operational strategies will management implement to bridge the gap between current assets and liabilities and resolve the auditor's going concern uncertainty?
How will the proposed sale of the Dungarpur undertaking impact the company's revenue streams and overall debt structure in the coming fiscal year?
What are the detailed projections for the utilization of the remaining unutilized preferential issue funds of ₹67.39 lakh?
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