Raj Rayon Industries Limited Approves up to ₹650 Crore Capex and Reports Q1 Financial Results
Raj Rayon Industries Limited announced the approval of a significant capital expenditure alongside the release of its unaudited financial results for the first quarter ended June 30, 2026. The company's Board of Directors approved capital outlay of up to ₹650 Crores intended for business expansion and related infrastructure improvements, including the acquisition and installation of new plant, machinery, and equipment.The board meeting held on August 12, 2026, considered and approved the unaudited financial results and a limited review report provided by the statutory auditors. The company confirmed that it is undertaking measures to arrange the requisite funds through available means to support the proposed expansion.
Financial Performance Snapshot (Q1 FY27)
The results reflect the company's core engagement in the Manufacturing and Marketing of Textiles Yarns. Key financial metrics for the quarter ended June 30, 2026, include Total Income of 20,546.28 Lakhs and Profit After Tax (PAT) of 685.88 Lakhs.The following table provides a detailed comparison of key performance indicators across the specified periods:
| Financial Metric | Q1 Ended June 30, 2026 (Unaudited) | Q1 Ended March 31, 2026 (Audited) | Q1 Ended June 30, 2025 (Unaudited) | Full Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 20,446.35 | 29,481.72 | 26,019.21 | 117,971.70 |
| Total Income | 20,546.28 | 29,588.09 | 26,039.96 | 118,461.74 |
| Total Expenses | 19,739.38 | 28,832.32 | 25,295.84 | 115,230.97 |
| Profit Before Tax (PBT) | 806.90 | 755.77 | 744.12 | 3,230.77 |
| Total Comprehensive Income | 686.16 | 1,394.45 | 610.55 | 3,400.38 |
Limited Review Report Highlights
The limited review report, issued by Bagaria & Co. LLP, provided qualified assurance on the unaudited financial statements, prepared in accordance with Indian Accounting Standard 34 (Ind AS 34).The auditor's findings noted several operational aspects:
- Qualified Conclusion: Except for a possible effect of one specified matter, nothing came to their attention that suggests a material misstatement in the accompanying unaudited financial results.
- Basis for Qualified Conclusion: The Management is currently working to obtain details regarding three inoperative bank accounts belonging to the company, which were held from prior to the Corporate Insolvency Resolution Process while current management was not in charge of affairs.
- Labor Code Status: Implementation and assessment of the new labour codes remain unchanged from the previous quarter, with management still finalizing compliance readiness consultations with the HR department.
The financial results for the quarter ended March 31, 2026, were noted as balancing figures between audited full year data and limited reviewed year-to-date figures up to the third quarter of the previous financial year.
RAJRILTD Stock Price Movement
On Wednesday, shares of Raj Rayon Industries Limited slipped by 1.54% to settle at ₹21.68. The stock experienced trading volume of 6,314 shares and closed near the day's low of ₹21.6.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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