Resourceful Automobile Ltd Reports Financial Results for FY26; Achieves Unmodified Opinion on Standalone Audit

Resourceful Automobile Ltd Reports Financial Results for FY26; Achieves Unmodified Opinion on Standalone Audit

Resourceful Automobile Ltd Reports Financial Results for FY26; Achieves Unmodified Opinion on Standalone Audit​

Resourceful Automobile Limited, a listed company, has released its financial results and audit reports for the half year and full year ended March 31, 2026. The company's Board of Directors reviewed and approved the standalone audited financial results, which were accompanied by an unqualified audit opinion on the results for the full fiscal year.

The comprehensive financial data provides insight into the company's performance across operations, profitability, and capital structure as of March 31, 2026.

Financial Performance Highlights (Year Ended March 31, 2026)​

For the year ended March 31, 2026, Resourceful Automobile Limited recorded a Total Income of 2,688.35 units. This was against total expenses amounting to 2,485.56 units. Consequently, the company reported a Net Profit after tax of 151.01 units.

The financial position as at March 31, 2026, showed Equity and Liabilities totaling 3,502.73 units. The company's Share Capital stood at 265.59 units, while Reserves and Surplus were reported at 1,569.32 units. Long-term Borrowings constituted 1,236.18 units of the liabilities structure.

Cash Flow and Audit Findings​

The cash flow statement indicated that net cash generated from operating activities was (811.65) units for the year. The overall net increase in cash and cash equivalents stood at (242.05) units, resulting in a final balance of 103.40 units.

The Statutory Auditors issued an audit report on the Audited Financial Results (Standalone) for the financial year ended March 31, 2026, declaring an unmodified opinion. The auditors noted several key audit matters during their review, including that the valuation of inventory, balance of debtors, creditors, and the Balance of Security Deposit and valuation of Intangible Assets were certified by the management. It was also highlighted that the company maintained an outstanding income tax liability.

Capital Structure and IPO Utilization​

In addition to the operational results, the company's financial statements reflected significant movements in its capital structure related to a previous Initial Public Offering (IPO). Resourceful Automobile Limited had previously raised Rs. 11.99 Crores through the IPO by issuing 10,24,800 equity shares at the issue price of Rs. 117/- per share.

The company provided details regarding the utilization of funds raised via the IPO:

Original ObjectFunds Utilised (in lakhs)
Working capital requirementRs. 552.26
Repayment of DebtRs. 455.90
General corporate purposesRs. 124.20
Issue ExpensesRs. 65

These financial outcomes confirm the company's operational status and compliance with accounting standards as presented in the audited reports.

Stock Price Movement​

Resourceful Automobile Ltd. settled at ₹41.66 on Tuesday, registering a 4.80% decrease in value. The shares traded completely locked throughout the session, finding their intraday range fixed at ₹41.66.
 

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