Rasandik Engineering Reports Widened Net Loss in Q2 FY2026 Amid Challenging Financial Position

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.