Rathi Bars Limited has announced its unaudited standalone financial results for the second quarter and half-year ended September 30, 2026. The company’s Board of Directors approved these results, which were reviewed by the Audit Committee and have an accompanying limited review report from the auditor. Key financial figures and notes on accounting policies were also disclosed.
Rathi Bars Limited Announces Q2 FY27 Unaudited Financial Results
Rathi Bars Limited has officially disclosed its unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The company’s Board of Directors convened on November 11, 2026, to consider and approve these financial statements. The results have been prepared in compliance with Indian Accounting Standards (Ind-AS) and have undergone a limited review by the statutory auditors.
Key Financial Highlights
The reported results indicate significant financial activities during the period. The company experienced a net loss for the quarter ended September 30, 2026, amounting to ₹1,138.25 lakhs, and a net loss for the half-year ended the same date of ₹2,700.05 lakhs. These figures are presented alongside comparative data from previous periods, offering insight into the company’s financial performance trends.
Auditor’s Limited Review and Observations
The accompanying limited review report from Masar & Co. highlights several critical observations. Notably, the company’s cash credit facilities from Axis Bank and Yes Bank, along with a term loan from HDFC Bank, were classified as Non-Performing Assets (NPA) in the previous quarter and remain unpaid. Additionally, an amount of ₹64.21 crore outstanding towards TREDS financiers is currently under litigation. The report also points to a temporary suspension of manufacturing operations due to various factors, including tax search proceedings and environmental regulations, indicating a material uncertainty on the company’s ability to continue as a going concern. A provision for bad and doubtful debts of ₹9.96 crore has been recognized for the quarter, representing 13.27% of disputed trade receivables.
Trading Window Closure
In adherence to SEBI regulations, the trading window for dealing in the securities of Rathi Bars Limited was closed from October 1, 2026, until 48 hours after the declaration of these unaudited financial results. This measure is to prevent insider trading.
Information Hosting
The disclosed information will also be made available on the company’s official website, www.rathisteels.com.
Source: BSE
