Raasi Refractories Ltd Approves 2026 Financial Results and Appoints Kavitha Doddi as Additional Director
Raasi Refractories Limited announced key corporate updates, confirming the approval of its audited financial results and the appointment of Ms. Kavitha Doddi as an Additional Director. The Board of Directors meeting was held on May 30, 2026, where the company reviewed its performance for the quarter and the full year ended March 31, 2026.The company also confirmed that the Statutory Auditors, M/s Narasimha Rao & Associates, Chartered Accountants, have issued an Audit Report providing an unmodified opinion on the audited financial results for the quarter and year ended March 31, 2026.
Key Board Decisions and Director Appointment
At the Board of Directors meeting held on May 30, 2026, the Board approved three major items: the audited financial results for the quarter and year ended March 31, 2026; the Independent Auditor's Report for the Financial Year ended March 31, 2026; and the appointment of Ms. Kavitha Doddi as an Additional Director (Woman Director).Ms. Kavitha Doddi was appointed with effect from May 30, 2026. She holds a Postgraduate Degree in Fashion Designing and brings strong skills in creativity, innovation, project management, and strategic thinking to the board. Her background is expected to support the company's commitment to excellence, corporate governance, and organizational development. It was noted that Ms. Doddi is related to the Managing Director of the company, being his spouse.
Financial Performance Highlights (Rs. in Lacs)
The Statement of Financial Results showed the company's total income for the year ended March 31, 2026, reaching 5,911.40. The total expenses for the same period were 5,892.41, leading to a Net profit/(loss) for the year of 10.70.The table below details the comparative financial results for the quarter and year:
| Particulars | Quarter Ended 31.03.26 | Quarter Ended 31.12.25 | Quarter Ended 31.03.25 | Year Ended 31.03.26 | Year Ended 31.03.25 |
|---|---|---|---|---|---|
| Revenue from operations | 1,054.42 | 1,831.07 | 1,208.98 | 5,523.00 | 3,571.93 |
| Other Income | 2.41 | - | 37.52 | 388.41 | 100.96 |
| Total income | 1,056.82 | 1,831.07 | 1,246.49 | 5,911.40 | 3,672.88 |
| Total expenses | 1,263.50 | 2,039.22 | 1,025.54 | 5,892.41 | 3,668.94 |
| Net profit/(loss) for the period/year | (208.09) | (208.16) | 227.02 | 10.70 | 8.91 |
| Basic and Diluted Earnings per share of Rs.10/- each | 47.13 | 47.13 | 47.13 | 47.13 | 47.13 |
| (not annualised) Rs. | (4.42) | (4.42) | 4.82 | 0.23 | 0.19 |
Balance Sheet Snapshot (Rs. in Lacs)
The company's Balance Sheet as of March 31, 2026, showed total assets of 5,544.01, compared to 4,895.95 on the same date in the previous year.| Particulars | As at 31-03-2026 | As at 31-03-2025 |
|---|---|---|
| TOTAL ASSETS | 5,544.01 | 4,895.95 |
| Property, Plant and Equipment | 492.36 | 543.71 |
| Capital work-in-progress | 267.64 | 267.64 |
| Total current assets | 4,784.01 | 4,084.60 |
| TOTAL EQUITY AND LIABILITIES | 5,544.01 | 4,895.95 |
| Total Equity | -1,311.63 | -1,322.33 |
| Borrowings (Total Non-current & Current) | 3,700.11 | 2,991.31 |
| Total current liabilities | 4,692.43 | 4,279.37 |
Cash Flow Activity
Analysis of the standalone cash flow statement for the year ended March 31, 2026, showed significant operational cash flow.| Cash Flow Activity | Year Ended 31.03.26 | Year Ended 31.03.25 |
|---|---|---|
| Net Profit/(Loss) before Extraordinary Items & Tax | 18.99 | 3.38 |
| Operating Profit/(Loss) before Working Capital changes | -121.55 | -102.56 |
| Cash Generated from Operations | -733.57 | 73.28 |
| Net Cash Flow from operating activities (A) | -733.57 | 73.28 |
| Capital expenditure on fixed assets | -16.74 | 44.99 |
| Net Cash Flow from / (used in) Investing activities (B) | N/A | N/A |
| Net Cash Flow from / (used in) Financing activities (C) | 5.16 | 5.16 |
| Net Increase / decrease in Cash or Cash Equivalents (A+B+C) | 75.30 | 33.98 |
| Cash and cash equivalents in the end of the year | 225.06 | 198.80 |
In summary, the company recorded an increase in Cash and cash equivalents by 75.30 during the year, bringing the closing balance to 225.06.
The financial results were also prepared in accordance with Indian Accounting Standards (Ind AS) and were reviewed and approved by the Board of Directors. The Standalone financial results for the year ended March 31, 2026, were found to give a true and fair view in conformity with accounting principles generally accepted in India by the auditors.
Stock Price Movement
As of 13:23, shares of Raasi Refractories Ltd. are edging higher, currently valued at ₹14.43, up 4.95%. Throughout the day, the stock has traded completely flat, as the intraday high and low both settled at the ₹14.43 mark.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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