Rasandik Engineering Industries India News

Rasandik Engineering Q3FY26 Loss Widens to ₹82.92 Lakhs

Rasandik Engineering Industries reported Q3FY26 net loss of ₹82.92 lakhs vs ₹312.16 lakhs loss in Q3FY25. Revenue grew 54.3% to ₹2,216.18 lakhs. Nine-month loss improved to ₹408.69 lakhs.

Rasandik Engineering Reports Net Loss of Rs 325.77 Lakhs in Q2 FY2026

Rasandik Engineering Industries India Limited reported a net loss of Rs 325.77 lakhs for the second quarter ended September 30, 2025, compared to a net loss of Rs 284.96 lakhs in the same period last year. Revenue from operations increased to Rs 1,262.77 lakhs from Rs 1,630.46 lakhs in the previous year quarter. For the six-month period, the company posted a net loss of Rs 325.77 lakhs versus Rs 135.77 lakhs in the corresponding period last year. The company's current liabilities exceed current assets by Rs 1,493.48 lakhs as of September 30, 2025. Despite this negative working capital position, the financial results are prepared on a going concern basis, with management citing ongoing cost rationalization initiatives, extended credit terms negotiations with suppliers, asset monetization plans, and financial support from a substantial shareholder. The company operates in automotive component manufacturing and has received advances of Rs 181.20 lakhs against plant and equipment held for sale.

Rasandik Engineering Industries Approves Quarterly Financial Results

Rasandik Engineering Industries India Limited's Board of Directors approved the company's unaudited financial results for the quarter ended June 30, 2025. The board meeting was held on August 14, 2025, commencing at 5 PM and concluding at 5:50 PM. The company submitted these results to the stock exchange and made them available on its website at www.rasandik.com. The results include a limited review statement and will be published as an extract. Company Secretary Pradeep Chandra Nayak signed the communication to the stock exchange.