Shree Rajivlochan Oil returns to profit in FY26
Shree Rajivlochan Oil Extraction Limited reported a net profit of ₹6.87 lakh for FY26, reversing a loss of ₹12.68 lakh in the previous year, with total income declining to ₹25.83 lakh. Auditors issued a disclaimer of opinion due to the absence of a formal going concern assessment from management, though the company stated the immediate financial impact is nil.
*this image is generated using AI for illustrative purposes only.
Shree Rajivlochan Oil Extraction Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹6.87 lakh against a net loss of ₹12.68 lakh in the previous year. The company’s total income for the year stood at ₹25.83 lakh, a decrease from ₹35.36 lakh in FY25, while total expenses reduced significantly to ₹16.65 lakh from ₹48.04 lakh in the prior year. For the quarter ended March 31, 2026, the company recorded a net profit of ₹0.61 lakh.
The Board of Directors approved the audited standalone financial results on May 29, 2026. During the meeting, the board also appointed Samantra Prashant & Co. as the secretarial auditor for FY26 and Goel & Goyal as the internal auditor for FY27. The financial results were prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015.
Audit Qualification and Going Concern
Milind Nyati & Co. LLP, the statutory auditors, issued a disclaimer of opinion on the financial statements. The auditors noted that the company has disposed of its principal manufacturing plant and has not carried out significant operating activities since, primarily earning income from investments. Management did not provide a formal assessment of the company's ability to continue as a going concern, including supporting documentation relating to future business plans and projected cash flows for at least twelve months from the balance sheet date.
Consequently, the auditors were unable to obtain sufficient appropriate audit evidence regarding the appropriateness of the use of the going concern basis of accounting. Management stated that the company maintains a positive net worth and possesses sufficient financial resilience to meet existing obligations. It estimated the immediate quantifiable financial impact of the qualification to be NIL, attributing the qualification to a limitation of scope rather than verified financial distress.
Financial Performance
The company’s earnings per share (EPS) for the year improved to ₹0.17 from a negative ₹0.30 in the previous year. The statement of assets and liabilities as of March 31, 2026, showed total assets of ₹535.71 lakh, compared to ₹546.55 lakh in the previous year. Cash and cash equivalents increased to ₹170.84 lakh from ₹3.30 lakh, driven by a net cash inflow from operating activities of ₹167.54 lakh.
| Metric | FY26 (₹ in Lacs) | FY25 (₹ in Lacs) |
|---|---|---|
| Total Income | 25.83 | 35.36 |
| Total Expenses | 16.65 | 48.04 |
| Net Profit/(Loss) | 6.87 | (12.68) |
| Earnings Per Share | 0.17 | (0.30) |
| Total Assets | 535.71 | 546.55 |
Historical Stock Returns for Shri Rajivlochan Oil Extration
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +6.99% | -41.62% | -28.25% | -16.42% |
What specific new business lines or investments does management plan to undertake to replace the disposed manufacturing plant?
Will the company provide the formal going concern assessment and cash flow projections that the auditors requested?
How does the company intend to utilize the significant increase in cash reserves given the lack of current operating activities?
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