Ravi Kumar Distilleries Reports Q1 FY26 Results, Reappoints Key Executives
Ravi Kumar Distilleries Limited (RKDL) announced Q1 FY26 results with revenue from operations decreasing by 41.70% to Rs. 811.36 lakhs and net profit declining by 28.70% to Rs. 2.78 lakhs. The Board approved reappointment of R V Ravikumar as Managing Director and Badrinath S. Gandhi as Whole-time Director for three-year terms. M/s. Ramanand & Associates appointed as new statutory auditors. The 32nd AGM scheduled for September 19, 2025. Auditor's report highlighted concerns including disputed recoverable amounts and pending statutory dues.
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Ravi Kumar Distilleries Limited (RKDL), a manufacturer of Indian Made Foreign Liquor (IMFL), has announced its financial results for the first quarter ended June 30, 2025, along with several key corporate decisions.
Financial Performance
For Q1 FY26, RKDL reported:
| Particulars (Rs. in Lakhs) | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 811.36 | 1391.80 | -41.70% |
| Total Income | 897.19 | 1503.07 | -40.30% |
| Profit Before Tax | 2.78 | 3.90 | -28.70% |
| Net Profit | 2.78 | 3.90 | -28.70% |
The company's revenue from operations decreased by 41.70% year-over-year, while net profit declined by 28.70%. Despite the challenging quarter, RKDL managed to maintain profitability, albeit at a lower level compared to the same period last year.
Key Corporate Decisions
The Board of Directors, in their meeting held on August 6, 2025, made several important decisions:
Reappointment of Key Executives: The Board approved the reappointment of Mr. R V Ravikumar as Managing Director and Mr. Badrinath S. Gandhi as Whole-time Director for three-year terms, effective from April 1, 2026. These reappointments are subject to shareholder approval at the upcoming Annual General Meeting (AGM).
New Statutory Auditors: M/s. Ramanand & Associates, Chartered Accountants, have been appointed as the company's statutory auditors for a period of five years, starting from FY 2025-26. This appointment is also subject to shareholder approval at the AGM.
Annual General Meeting: The 32nd AGM of RKDL is scheduled for September 19, 2025, at the company's registered office in Puducherry.
Auditor's Review Report
The independent auditor's review report highlighted several concerns:
- Disputed recoverable amounts of Rs. 2,900.25 lakhs classified as 'Other Non-Current Assets'.
- Unresolved issues related to investments in Liquor India Limited and transactions with Lemonade Shares & Securities Private Limited.
- Lack of confirmations for certain financial assets and liabilities.
- Pending statutory dues amounting to Rs. 257.87 lakhs, with no provision for interest on delayed payments.
Looking Ahead
While RKDL faces challenges, as evidenced by the decline in revenue and profit, the reappointment of key executives and the appointment of new auditors suggest that the company is taking steps to strengthen its governance and operational structure. Shareholders and investors will likely be keen to hear management's strategy for addressing the auditor's concerns and improving financial performance at the upcoming AGM.
The company's ability to navigate these challenges and capitalize on opportunities in the IMFL sector will be crucial for its future growth and stability.
Historical Stock Returns for Ravi Kumar Distilleries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.22% | -6.87% | +2.82% | +9.13% | -6.24% | +291.00% |
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