Rajasthan Cylinders and Containers Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company reported a net loss of ₹29.32 lakhs for Q3FY26, compared to a net loss of ₹24.97 lakhs in the corresponding quarter of the previous year.

Financial Performance Overview

The company's financial performance for Q3FY26 shows continued operational challenges. Revenue from operations stood at ₹20.51 lakhs for the quarter, while other income contributed ₹22.97 lakhs, bringing total income to ₹45.94 lakhs.

Nine Months Performance

For the nine months ended December 31, 2025, the company reported a net loss of ₹87.08 lakhs compared to ₹79.61 lakhs in the corresponding period of the previous year. Total income for the nine-month period was ₹130.98 lakhs, while total expenses amounted to ₹186.05 lakhs.

Auditor Qualifications and Going Concern

The company's auditors, S.R. Goyal & Co., have issued a qualified opinion highlighting several concerns. The auditors noted that the company has closed its manufacturing operations due to unsatisfactory performance and continued operational losses. The company has disposed of its plant and machinery in tranches, creating material uncertainty about its ability to continue as a going concern.

Board Meeting and Regulatory Compliance

The Board of Directors approved these results in a meeting held on February 9, 2026, at the company's registered office in Jaipur. The meeting was conducted from 3:00 PM to 4:00 PM, with Company Secretary Neha Dusad ensuring regulatory compliance under SEBI LODR Regulations.

Future Outlook

Despite the going concern uncertainties, the Board has accorded consent to appoint a consultant for setting up a new project. The company has also entered into an agreement for disposal of leasehold land measuring 6,627.30 square meters and received an advance of ₹1,009 lakhs, subject to approval from Rajasthan State Industrial Development and Investment Corporation Limited.

Rajasthan Cylinders Containers has reported its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a challenging financial situation and raising concerns about its future operations.

Financial Performance

The company's financial performance has deteriorated compared to the previous year:

Auditor's Concerns

The auditors have issued a qualified opinion, highlighting several areas of concern:

1. Unascertained interest payable under the MSME Act
2. Rs 230.88 lakhs in receivables from related parties with uncertain recoverability
3. Unconfirmed balances of trade payables and loans

Operational Challenges

Rajasthan Cylinders Containers has faced significant operational challenges:

• The company has closed its manufacturing operations due to unsatisfactory performance and continued operational losses.
• Plant and machinery are being disposed of in tranches.

These developments have raised material uncertainty about the company's ability to continue as a going concern.

Future Outlook

Despite the challenges, the company's management is taking steps to address the situation:

• The Board has consented to appoint a consultant for setting up a new project.
• Financial statements have been prepared on a going concern basis, indicating management's belief in the company's future viability.

Financial Position

As of the latest report, Rajasthan Cylinders Containers' financial position stands as follows:

Conclusion

Rajasthan Cylinders Containers is at a critical juncture, facing significant financial and operational challenges. While the closure of manufacturing operations and widening losses raise concerns, the management's efforts to explore new projects suggest a commitment to turning the company around. Investors and stakeholders will be closely watching the company's next steps and the outcome of its restructuring efforts.