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RKDL Q3 FY26 Net Profit Drops to ₹1.92 Lakhs; Revenue Down 21.5% YoY
Ravi Kumar Distilleries reported a weak performance for Q3 FY26, with revenue from operations declining 21.5% YoY to ₹1,508.16 Lakhs. Net profit remained marginal at ₹1.92 Lakhs, down from ₹2.49 Lakhs in the previous year's corresponding quarter. The auditor's report contains several critical qualifications, including ₹2,900.25 Lakhs in disputed recoveries and a failure to provide for ₹389.49 Lakhs in expected credit losses. Additionally, the company has ₹282.48 Lakhs in unpaid statutory dues, for which interest has not been provisioned.
Key Highlights
Revenue from operations fell to ₹1,508.16 Lakhs in Q3 FY26 from ₹1,922.72 Lakhs in Q3 FY25.
Net profit for the quarter stood at a meager ₹1.92 Lakhs compared to ₹2.49 Lakhs YoY.
Auditors flagged ₹2,900.25 Lakhs in disputed non-current assets with uncertain recoverability.
Company failed to recognize an expected credit loss of ₹389.49 Lakhs on financial assets despite credit risks.
Statutory dues of ₹282.48 Lakhs remain unpaid with no provision made for interest on delays.
💼 Action for Investors
Investors should exercise extreme caution as the auditor's qualifications suggest the reported profits may not reflect the true financial position. The significant amount of disputed assets and unprovided liabilities are major red flags for the company's balance sheet health.