Raj Rayon Industries News

Rajrayon Industries Issues Corrigendum to Correct Financial Statement Errors

Rajrayon Industries Limited corrected typographical errors in its quarterly financial statements, changing the classification from 'Audited' to 'Unaudited' for September 30, 2025 results and fixing comparative period references in cash flow statements. The company reported total assets of ₹58,852.96 lakhs and net profit before tax of ₹1,736.18 lakhs for the period, with all other information from the original board meeting outcome remaining unchanged.

Raj Rayon Industries Reports Profit Turnaround in Q1 2025, Adopts CSR Policy

Raj Rayon Industries Limited reported a profit after tax of ₹607.27 lakhs for the quarter ended June 30, 2025, compared to a loss of ₹347.80 lakhs in the same quarter last year. Revenue from operations increased to ₹26,019.21 lakhs from ₹20,222.39 lakhs year-over-year. The board meeting held on August 5, 2025, approved the unaudited financial results and adopted a corporate social responsibility policy. The company's statutory auditors issued a qualified review report citing concerns about three inoperative bank accounts from the pre-insolvency period that management is working to resolve. Basic earnings per share improved to ₹0.11 from a loss of ₹0.06 in the previous year quarter. The company operates primarily in manufacturing and marketing of textile yarns.