Royal Cushion Vinyl Products Reports Q3 FY26 Loss of ₹452.71 Lakh, Appoints New Company Secretary

2 min read | Published on 12 Feb 2026, 08:02 PM |Updated on 12 Feb 2026, 08:02 PM

Reviewed by

Shriram SScanX News Team

Key Highlights

Royal Cushion Vinyl Products Limited reported deteriorating financial performance for Q3 FY26 with net loss widening to ₹452.71 lakh from ₹149.57 lakh in Q3 FY25. Revenue declined 20.22% to ₹1,272.62 lakh year-on-year. Nine-month losses expanded to ₹752.27 lakh against ₹252.53 lakh previously. The company appointed CS Vikash Mittal as Company Secretary effective March 1, 2026, while continuing merger proceedings under corporate restructuring initiatives.

*this image is generated using AI for illustrative purposes only.

Royal Cushion Vinyl Products Limited has announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, revealing deteriorating financial performance amid operational challenges.

Financial Performance Overview

The company's financial metrics showed significant decline across key parameters during the third quarter of FY26:

Metric:	Q3 FY26	Q3 FY25	Change (%)
Revenue from Operations:	₹1,272.62 lakh	₹1,595.06 lakh	-20.22%
Total Income:	₹1,296.41 lakh	₹1,606.10 lakh	-19.28%
Net Loss:	₹452.71 lakh	₹149.57 lakh	+202.57%
Basic EPS:	₹(1.24)	₹(0.41)	-202.44%

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, reflected continued financial stress with substantial losses:

Parameter:	9M FY26	9M FY25	Variance
Revenue from Operations:	₹4,416.70 lakh	₹4,889.67 lakh	-₹472.97 lakh
Total Income:	₹4,909.31 lakh	₹5,069.13 lakh	-₹159.82 lakh
Net Loss:	₹752.27 lakh	₹252.53 lakh	-₹499.74 lakh
Basic EPS:	₹(2.06)	₹(0.69)	-₹1.37

Operational Challenges and Expenses

The company faced significant cost pressures during the quarter. Finance costs surged dramatically to ₹223.64 lakh in Q3 FY26 from ₹54.16 lakh in Q3 FY25, representing a substantial increase. Cost of materials consumed stood at ₹863.61 lakh compared to ₹1,021.47 lakh in the previous year quarter.

Employee benefits expenses increased to ₹158.25 lakh from ₹149.22 lakh year-on-year. Other expenses remained elevated at ₹429.69 lakh during the quarter. The company reported a fire incident at its factory premises during the quarter, resulting in expenditure for machinery spare parts replacement, while receiving insurance claims of ₹8.89 lakh.

Key Corporate Developments

The Board of Directors approved the appointment of CS Vikash Mittal as Company Secretary and Compliance Officer effective March 1, 2026. CS Mittal holds membership number FCS 13138 and brings extensive experience in corporate governance, statutory compliance, and SEBI regulations.

Appointment Details:	Information
Name:	CS Vikash Mittal
Membership No.:	FCS 13138
Effective Date:	March 1, 2026
Qualifications:	Fellow Company Secretary, Law Graduate, B.Com (Hons.)

Ongoing Corporate Restructuring

The company continues to pursue merger schemes under the Companies Act, 2013. Two significant schemes are in progress - one involving Royal Spinwell and Developers Private Limited with the next hearing scheduled for March 10, 2026, and another involving Natroyal Industries Private Limited approved by the Board in August 2024.

The management maintains its going concern assessment based on expected order book conversions, improved recovery processes, and potential equity capital raising through preferential share issues. The company operates in the PVC flooring and leathercloth segment as its primary business focus.

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