Raasi Refractories Ltd (502271)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Raasi Refractories' revenue was ₹14.5 Cr (+33.6% year on year, +37.4% on the previous quarter), and net profit ₹0.4 Cr (+47.2% year on year); the operating margin was 7.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹14.5 | +33.6% | +37.4% |
| Operating profit | ₹1.0 | +9.8% | from loss |
| Net profit | ₹0.4 | +47.2% | from loss |
| EPS (₹) | 0.87 | +47.5% | from loss |
| Operating margin | 7.1% | — | — |
📢 Recent Corporate Announcements
Raasi Refractories Limited announced that Mr. Nitin Kumar Pugalia has resigned from the position of Company Secretary and Compliance Officer, effective August 24, 2026. The resignation was tendered citing personal reasons. The company, which holds a micro-cap valuation of Rs 8 Cr, will need to appoint a successor to meet statutory compliance requirements under SEBI LODR regulations.
- Mr. Nitin Kumar Pugalia (ACS: 48915) resigned as Company Secretary
- Cessation took effect on August 24, 2026
- Resignation tendered due to personal reasons
Raasi Refractories Limited informed the stock exchange that its Board of Directors, at their meeting held on August 14, 2026, approved the appointment of M/s Ankit Singhal & Associates as Secretarial Auditor. The appointment is effective immediately and runs until the conclusion of the upcoming Annual General Meeting pursuant to SEBI (LODR) Regulation 24A(1)(a). This filing represents a routine statutory compliance update with no material financial impact on the company's ₹55 Cr TTM revenue base.
- Appointment of M/s Ankit Singhal & Associates as Secretarial Auditor approved on August 14, 2026
- Term extends till the conclusion of the upcoming Annual General Meeting
- Auditor Mr. Ankit Singhal holds Membership No. ACS 41744 and COP No. 21720
- Board meeting commenced at 03:00 PM on August 14, 2026
Raasi Refractories Ltd has informed the exchange that its Board of Directors approved the appointment of M/s Ankit Singhal & Associates, Practicing Company Secretaries, as the Secretarial Auditor on August 14, 2026. The appointment is effective immediately and runs until the conclusion of the upcoming Annual General Meeting pursuant to SEBI LODR Regulation 24A. This is a routine statutory compliance update and has no financial or operational impact on the micro-cap company (market cap of ~₹8 Cr).
- Appointment of M/s Ankit Singhal & Associates approved by Board on August 14, 2026
- Appointed secretarial auditor Mr. Ankit Singhal holds Membership No. ACS 41744 and COP No. 21720
- Term is effective from August 14, 2026, until the conclusion of the upcoming Annual General Meeting
- Compliance disclosure filed pursuant to Regulation 30 and Regulation 24A(1)(a) of SEBI LODR
Raasi Refractories reported standalone revenue from operations of ₹14.48 crore (₹1,448.48 lakh) for the quarter ended June 30, 2026, marking a 33.6% YoY growth and a 37.4% QoQ rise. Net profit came in at ₹41.21 lakh, rising 49.3% YoY from ₹27.60 lakh and reversing a net loss of ₹2.08 crore in Q4 FY26. Basic EPS improved to ₹0.87 from ₹0.59 in the year-ago quarter. Total expenses increased to ₹14.07 crore from ₹10.57 crore in Q1 FY26, driven by higher raw material consumption.
- Revenue from operations grew 33.6% YoY to ₹1,448.48 lakh compared to ₹1,084.21 lakh in Q1 FY26
- Net profit swung to positive ₹41.21 lakh from a net loss of ₹208.09 lakh in Q4 FY26
- Cost of materials consumed stood at ₹806.00 lakh vs ₹711.38 lakh in Q1 FY26
- Basic and diluted EPS reported at ₹0.87 per share vs ₹0.59 in Q1 FY26
Raasi Refractories has submitted its monthly status report regarding the re-lodgement of physical share transfer requests for July 2026. The company reported zero (NIL) requests received, processed, or rejected during the month. This filing is a routine regulatory requirement following a SEBI circular dated January 30, 2026. Given the company's small market cap of ₹8 Cr and negative net worth of ₹-13 Cr, this administrative update has no impact on its financial health.
- Zero (NIL) requests for re-lodgement of physical share transfers were received during July 2026
- Zero (NIL) requests were approved or rejected by the Registrar and Share Transfer Agent
- Average time taken for processing such requests was reported as NIL for the period
- The report was issued by Aarthi Consultants Private Limited on August 05, 2026
Raasi Refractories has scheduled a board meeting on August 14, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of only Rs 8 Cr and faces significant financial stress with a negative net worth of Rs -13 Cr. Recent performance has been volatile, with a net loss of Rs 2.08 Cr reported in the March 2026 quarter despite a TTM revenue of Rs 55 Cr. The trading window for designated persons remains closed until August 16, 2026.
- Board meeting scheduled for August 14, 2026, at 03:00 PM to approve Q1 results.
- Trading window for shares remains closed until August 16, 2026.
- Company reported a net loss of Rs 2.08 Cr in the preceding quarter (March 2026).
- Market capitalization stands at a low Rs 8 Cr against a debt of Rs 37 Cr.
Raasi Refractories Ltd has informed the exchange that its Secretarial Auditor, M/s. BPK Associates, resigned effective July 23, 2026. The auditor cited 'pre-occupancy' as the reason for the resignation and provided a 'No Objection' for the appointment of a replacement. This administrative change occurs while the company faces significant financial stress, including a negative net worth of ₹-13 Cr and a debt of ₹37 Cr against a market capitalization of only ₹8 Cr.
- Resignation of Secretarial Auditor M/s. BPK Associates effective July 23, 2026
- Reason for resignation cited as 'pre-occupancy' with no other concerns raised
- Company reports a negative net worth of ₹-13 Cr as per latest financial context
- Total debt stands at ₹37 Cr, significantly exceeding the ₹8 Cr market capitalization
- TTM revenue of ₹55 Cr with a marginal TTM EPS of ₹0.38
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