Rasandik Engineering Industries India Limited has announced its un-audited financial results for the second quarter and six months ended September 30, 2026. The company’s Board of Directors approved the results during a meeting held on November 14, 2026. Notably, the auditors’ limited review report highlights a concern regarding the company’s net current liabilities exceeding total current assets by ₹1,199.14 lakhs, though management believes it can operate as a going concern with promoter support.
Rasandik Engineering Industries India Limited Announces Q2 FY27 Results
Rasandik Engineering Industries India Limited has officially submitted its un-audited financial results for the second quarter and the first half of the fiscal year ending September 30, 2026. The company’s Board of Directors convened on November 14, 2026, to consider and approve these financial statements, along with the accompanying Limited Review Report from its statutory auditors.
Financial Highlights for Q2 FY27
The reported results indicate a loss before tax of ₹102.56 lakhs for the quarter ended September 30, 2026, compared to a loss of ₹94.63 lakhs in the corresponding quarter of the previous year. For the half year ended September 30, 2026, the loss before tax stood at ₹197.19 lakhs, against a loss of ₹344.32 lakhs in the same period last year. The net profit/(loss) for the quarter was ₹76.52 lakhs, and for the half year, it was ₹148.00 lakhs.
Statement of Assets and Liabilities
As of September 30, 2026, the company’s total assets amounted to ₹14,874.66 lakhs. The equity share capital remained stable at ₹597.50 lakhs, with other equity at ₹8,261.90 lakhs. Total equity stood at ₹8,859.40 lakhs. On the liabilities side, non-current liabilities totaled ₹2,358.94 lakhs, and current liabilities were ₹3,656.32 lakhs.
Cash Flow Statement Insights
The cash flow statement for the half year ended September 30, 2026, shows a net cash of ₹8.41 lakhs from operating activities. Investing activities used net cash of ₹13.54 lakhs, while financing activities generated ₹5.22 lakhs. The net increase in cash and cash equivalents for the period was ₹0.09 lakhs, bringing the closing balance to ₹4.33 lakhs.
Auditors’ Note on Going Concern
A significant point raised in the Limited Review Report by V. Sankar Aiyar & Co. concerns the company’s financial position. The report notes that the company’s total current liabilities exceed total current assets by ₹1,199.14 lakhs as of September 30, 2026. Despite this, the auditors state that management and the Board have a reasonable expectation that the Company will continue to operate as a going concern, supported by measures including necessary financial support from promoter shareholders.
Other Matters Highlighted by Auditors
The auditors also draw attention to note no. 4(b) & (c) of the financial statement regarding certain property, plant, and equipment classified as “capital work in progress” and a potential interest liability on the non-fulfilment of export obligations. These conclusions, however, do not modify the auditors’ overall review opinion.
Source: BSE
