News Earnings Raasi Refractories Reports Q3FY26 Net Loss of ₹208.16 Lacs Despite Revenue GrowthRaasi Refractories Reports Q3FY26 Net Loss of ₹208.16 Lacs Despite Revenue Growth
Raasi Refractories Limited reported a net loss of ₹208.16 lacs for Q3FY26 despite revenue growth to ₹1,831.07 lacs, compared to a profit of ₹40.63 lacs in Q2FY26. The quarterly loss was attributed to increased operational expenses, particularly cost of materials and other expenses. However, the nine-month performance showed improvement with revenue of ₹4,468.58 lacs and net profit of ₹25.67 lacs compared to a loss in the previous year.
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Raasi Refractories Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing mixed performance with revenue growth offset by operational challenges leading to a quarterly loss. The company operates in the refractories segment and is based in Hyderabad, Telangana.
Financial Performance Overview
The company's Q3FY26 results showed contrasting trends between revenue and profitability metrics:
| Metric | Q3FY26 | Q2FY26 | Q3FY25 |
|---|---|---|---|
| Revenue from Operations | ₹1,831.07 lacs | ₹1,553.30 lacs | ₹2,204.50 lacs |
| Other Income | ₹0.00 lacs | ₹38.60 lacs | ₹0.00 lacs |
| Total Income | ₹1,831.07 lacs | ₹1,591.90 lacs | ₹2,828.70 lacs |
| Net Profit/(Loss) | ₹(208.16) lacs | ₹40.63 lacs | ₹(228.50) lacs |
Expense Analysis
The company's expense structure for Q3FY26 revealed significant cost pressures across multiple categories. Total expenses reached ₹2,039.22 lacs compared to ₹1,533.08 lacs in the previous quarter.
| Expense Category | Q3FY26 | Q2FY26 |
|---|---|---|
| Cost of Materials Consumed | ₹1,220.45 lacs | ₹1,116.05 lacs |
| Changes in Inventories | ₹29.19 lacs | ₹(11.17) lacs |
| Employee Benefit Expense | ₹26.37 lacs | ₹17.37 lacs |
| Finance Cost | ₹20.40 lacs | ₹45.39 lacs |
| Depreciation | ₹18.77 lacs | ₹18.78 lacs |
| Other Expenses | ₹499.98 lacs | ₹444.35 lacs |
Nine-Month Performance
For the nine-month period ended December 31, 2025, Raasi Refractories demonstrated resilience with positive overall performance:
| Parameter | 9M FY26 | 9M FY25 |
|---|---|---|
| Revenue from Operations | ₹4,468.58 lacs | ₹2,362.95 lacs |
| Total Income | ₹4,854.58 lacs | ₹2,426.39 lacs |
| Net Profit | ₹25.67 lacs | ₹(217.00) lacs |
Earnings Per Share
The company's earnings per share reflected the quarterly loss, with basic and diluted EPS of ₹(4.41) for Q3FY26 compared to ₹8.62 in Q2FY26. The paid-up equity share capital remained at ₹47.13 lacs with a face value of ₹10 per share.
Corporate Governance
The unaudited results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on February 14, 2026. The financial results were also reviewed by statutory auditors Narasimha Rao & Associates as per Regulation 33 of SEBI (LODR) Regulations, 2015. The company operates as a single segment business in refractories, with no investor complaints pending or received during the quarter.
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