Rasandik Engineering Industries India Limited has announced its un-audited financial results for the second quarter and half year ended September 30, 2026. The company reported a net loss of ₹76.52 lakh for the quarter, compared to a net loss of ₹71.48 lakh in the corresponding quarter of the previous year. The loss per share also widened to ₹1.28 from ₹1.20.
Rasandik Engineering Reports Financial Performance for Q2 FY27
Rasandik Engineering Industries India Limited has disclosed its unaudited financial results for the second quarter and the half-year period ending September 30, 2026. The announcement, made on November 14, 2026, details a net loss for the quarter and a wider net loss for the half-year when compared to the previous financial year.
Quarterly Financial Highlights
For the quarter ended September 30, 2026, the company reported a net loss of ₹76.52 lakh. This compares to a net loss of ₹71.48 lakh for the same period in the previous year. Basic and diluted earnings per share (EPS) stood at (₹1.28) for the quarter, down from (₹1.20) in the prior year’s corresponding quarter.
Half-Yearly Financial Performance
In the half-year ended September 30, 2026, Rasandik Engineering’s net loss amounted to ₹148.00 lakh. This is a significant increase from the net loss of ₹325.77 lakh recorded in the first half of the previous fiscal year. The basic and diluted EPS for the half-year was (₹2.48), an improvement from (₹5.45) in the same period last year.
Revenue and Expenses
Total income for the quarter ended September 30, 2026, was ₹2,069.11 lakh, an increase from ₹1,765.02 lakh in the corresponding quarter of the previous year. However, total expenses for the quarter rose to ₹2,171.67 lakh from ₹1,859.65 lakh, leading to the reported loss before tax. The company also reported a total comprehensive income of (₹76.52 lakh) for the quarter.
Statement of Assets and Liabilities
As of September 30, 2026, the company’s total assets stood at ₹14,874.66 lakh. Key components include non-current assets valued at ₹12,306.89 lakh and current assets at ₹2,457.18 lakh. Total equity was ₹8,859.40 lakh, comprising equity share capital of ₹597.50 lakh and other equity of ₹8,261.90 lakh. Non-current liabilities were ₹2,358.94 lakh, and current liabilities totalled ₹3,656.32 lakh.
Cash Flow Statement
The cash flow statement for the half-year ended September 30, 2026, shows net cash generated from operating activities of ₹8.41 lakh. Cash used in investing activities was (₹13.54 lakh), and cash from financing activities was ₹5.22 lakh. The net increase in cash and cash equivalents for the period was ₹0.09 lakh.
Notes on Financial Statements
The company’s financial results have been prepared on a going concern basis, despite net current liabilities. Management believes that business operations and financial support from a substantial shareholder will enable the company to meet its short-term obligations. Note 4(b) highlights a stalled capital work-in-progress project due to government land acquisition issues, and note 4(c) details a contingent liability related to potential customs duty, interest, fines, and penalties amounting to approximately ₹759.29 lakh.
Source: BSE
