Shree Rajasthan Syntex Ltd (503837)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Shree Rajasthan's revenue was ₹3.8 Cr (+10.3% year on year, +13.0% on the previous quarter), and net profit ₹-0.7 Cr (a smaller loss than a year earlier); the operating margin was -15.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.8 | +10.3% | +13.0% |
| Operating profit | ₹-0.6 | loss narrowed | loss narrowed |
| Net profit | ₹-0.7 | loss narrowed | loss narrowed |
| EPS (₹) | -0.17 | loss narrowed | loss narrowed |
| Operating margin | -15.9% | — | — |
📢 Recent Corporate Announcements
BSE Limited imposed a fine of ₹49,560 (including GST) on Shree Rajasthan Syntex for non-compliance with Regulation 24A(2) of SEBI LODR, specifically regarding the timely submission of the Secretarial Compliance Report for FY26. The company received the notice on June 22, 2026, and filed the required report on the same day. The Board of Directors reviewed the matter on August 12, 2026, and has advised management to strengthen internal monitoring processes. While the financial impact is negligible relative to the company's ₹14 crore TTM revenue, it indicates a lapse in administrative diligence.
- Fine of ₹49,560 inclusive of GST imposed by BSE for regulatory non-compliance
- Non-compliance pertains to Regulation 24A(2) for the financial year ended March 2026
- Corrective filing was completed on June 22, 2026, the same day the notice was received
- Board of Directors formally noted the matter and advised corrective measures on August 12, 2026
Shree Rajasthan Syntex Ltd has confirmed zero deviation in the utilization of funds raised through its preferential issue. The company raised ₹1076.56 Lakhs on November 28, 2025, via equity instruments. This report, for the quarter ended June 30, 2026, indicates that the proceeds are being used strictly for the objects stated during the fundraise. Such filings are routine regulatory requirements to ensure transparency for shareholders regarding capital allocation.
- Raised ₹1076.56 Lakhs through a preferential issue of equity shares.
- Funds were originally raised on November 28, 2025.
- Reported zero deviation or variation in fund utilization for the quarter ended June 30, 2026.
- Compliance filing submitted under Regulation 32 of SEBI (LODR) Regulations, 2015.
Shree Rajasthan Syntex reported a narrowed net loss of ₹0.70 Cr for Q1 FY27, compared to a loss of ₹1.33 Cr in the same quarter last year. Revenue from operations grew 10.3% YoY to ₹3.76 Cr, up from ₹3.41 Cr. Despite the revenue growth, the company remains loss-making at the operating level with total expenses of ₹4.77 Cr exceeding total income of ₹4.07 Cr. The company has nearly exhausted its ₹10.77 Cr preferential issue proceeds, with only ₹0.41 Cr remaining unutilized as of June 30, 2026.
- Net loss for the quarter narrowed to ₹0.70 Cr from ₹1.33 Cr in the year-ago period.
- Revenue from operations increased to ₹3.76 Cr from ₹3.41 Cr in June 2025.
- Power and fuel expenses surged 118% YoY to ₹0.74 Cr from ₹0.34 Cr.
- Utilized ₹0.27 Cr during the quarter for capital expenditure from preferential issue proceeds.
- Total unutilized funds from the ₹10.77 Cr fundraise stand at ₹0.41 Cr.
Shree Rajasthan Syntex reported a net loss of Rs 0.70 Cr for the quarter ended June 30, 2026, showing improvement from a loss of Rs 1.33 Cr in the same period last year. Revenue from operations grew 10.3% YoY to Rs 3.76 Cr, up from Rs 3.41 Cr. While the company remains loss-making, total expenses were contained at Rs 4.77 Cr, similar to the previous year's levels despite higher revenue. The company also disclosed that Rs 0.41 Cr remains unutilized from its Rs 10.77 Cr preferential issue proceeds.
- Net loss narrowed to Rs 0.70 Cr in Q1 FY27 compared to a loss of Rs 1.33 Cr in Q1 FY26.
- Revenue from operations increased to Rs 3.76 Cr from Rs 3.41 Cr in the year-ago quarter.
- Total expenses were held steady at Rs 4.77 Cr versus Rs 4.77 Cr YoY.
- Capital expenditure of Rs 26.69 lakhs was funded through preferential issue proceeds during the quarter.
- Unutilized funds from the Rs 10.77 Cr preferential issue stand at Rs 40.70 lakhs as of June 30, 2026.
Shree Rajasthan Syntex has scheduled a board meeting on August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a TTM revenue of only ₹14 Cr and a deeply negative operating margin of -35.8%. In the most recent reported quarter (March 2026), the company posted a net loss of ₹1.75 Cr on revenue of ₹3.33 Cr. Investors should note the company's low net worth of ₹8 Cr relative to its annual losses.
- Board meeting scheduled for August 12, 2026, to approve June 2026 quarter results
- Trading window has been closed since July 1, 2026, per SEBI regulations
- Company reported a significant net loss of ₹8.08 Cr for the full year FY26
- TTM revenue stands at ₹14 Cr against a market capitalization of ₹36 Cr
- Operating profit margin remains highly stressed at -35.8% as of the last TTM period
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