Rasandik engineering industries India Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, during a Board meeting held on February 12, 2026. The automotive components manufacturer reported mixed performance with revenue growth offset by continued operational losses.

Financial Performance Overview

The company's Q3FY26 results showed significant revenue improvement alongside reduced losses compared to the previous year. Total income for the quarter reached ₹2,220.18 lakhs, representing a substantial increase from ₹1,436.67 lakhs in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company demonstrated improved loss management despite facing operational challenges. Revenue from operations remained relatively stable at ₹4,866.06 lakhs compared to ₹4,852.79 lakhs in the corresponding previous period.

Operational Cost Structure

The company's expense management showed mixed results during Q3FY26. Cost of materials consumed increased significantly to ₹1,703.25 lakhs from ₹887.06 lakhs in Q3FY25, primarily reflecting higher production volumes. Employee benefits expense decreased to ₹195.13 lakhs from ₹200.28 lakhs, while finance costs rose to ₹64.59 lakhs from ₹60.45 lakhs in the corresponding quarter.

Going Concern and Financial Position

The company's auditors highlighted that current liabilities exceed current assets by ₹1,463.95 lakhs as of December 31, 2025. Despite this working capital challenge, the financial results are prepared on a going concern basis. The management has received financial support commitment from promoter shareholders and is implementing various initiatives including:

• Cost rationalization measures
• Extended credit term negotiations with suppliers
• Asset monetization strategies
• Revenue improvement initiatives

Corporate Governance Updates

The Board approved comprehensive amendments to 13 company policies effective February 12, 2026, ensuring compliance with latest SEBI regulations and Companies Act provisions. The updated policies include:

• Preservation of Documents and Archival Policy
• Policy on Determination of Materiality of Events
• Code of Conduct for Board and Senior Management
• Insider Trading Prevention measures
• Corporate Social Responsibility Policy

Key Operational Notes

The company continues to address legacy issues including ₹320.00 lakhs in capital work in progress related to the Singur Project, West Bengal, which remains non-operational due to land acquisition complications. Additionally, the company maintains a contingent liability of ₹733.98 lakhs related to potential interest, redemption fine, and penalty on EPCG license obligations, pending CESTAT appeal resolution.

Rasandik Engineering Industries India Limited , an automotive component manufacturer, has reported its financial results for the second quarter ended September 30, 2025, revealing a challenging fiscal situation marked by increased losses and revenue decline.

Financial Performance

The company's financial performance for Q2 FY2026 shows a significant downturn compared to the same period last year:

For the six-month period, Rasandik Engineering posted a net loss of ₹325.77 lakh, a substantial increase from the ₹135.77 lakh loss reported in the corresponding period of the previous year.

Financial Position and Going Concern

As of September 30, 2025, the company's financial position raises concerns:

• Current liabilities exceed current assets by ₹1,493.48 lakh
• Negative working capital position

Despite these challenges, management has prepared the financial results on a going concern basis, citing several initiatives:

1. Ongoing cost rationalization efforts
2. Negotiations for extended credit terms with suppliers
3. Asset monetization plans
4. Financial support from a substantial shareholder

Operational Update

In a move that may be part of its asset monetization strategy, Rasandik Engineering has received advances of ₹181.20 lakh against plant and equipment held for sale.

Corporate Governance

The company's Board of Directors met on November 11, 2025, to approve the unaudited financial results for Q2 and the six months ended September 30, 2025. The meeting, which commenced at 12 Noon and concluded at 3:45 PM, also included a review by the company's statutory auditors.

Rasandik Engineering Industries India Limited continues to operate in the automotive component manufacturing sector, with its registered office and primary plant located in Haryana. The company maintains additional manufacturing facilities in Uttar Pradesh and Maharashtra, indicating a geographically diverse operational footprint.

As the company navigates through these financial challenges, stakeholders will be closely monitoring the effectiveness of management's strategies to improve the company's financial health and operational performance in the coming quarters.