RLF Ltd (512618)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, RLF's revenue was ₹0.0 Cr (-72.3% year on year, -58.5% on the previous quarter), and net profit ₹0.0 Cr (against a loss a year earlier); the operating margin was -477.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | -72.3% | -58.5% |
| Operating profit | ₹-0.2 | loss widened | loss widened |
| Net profit | ₹0.0 | from loss | from loss |
| EPS (₹) | 0.03 | from loss | from loss |
| Operating margin | -477.7% | — | — |
📢 Recent Corporate Announcements
RLF Ltd reported a marginal operational profit of ₹2.70 lakhs for Q1 FY27, improving from a loss of ₹0.89 lakhs in the same quarter last year. However, core revenue from operations declined significantly by 73% YoY to just ₹3.32 lakhs. The financial statement is dominated by a massive land revaluation gain of ₹879.05 lakhs (net of tax) recorded in Other Comprehensive Income, which represents nearly 88% of the company's ₹10 Cr market capitalization. The auditor raised several concerns, including unbooked interest on group loans and long-pending foreign receivables.
- Revenue from operations dropped 73.2% YoY to ₹3.32 lakhs from ₹12.40 lakhs.
- Recorded a massive land revaluation gain of ₹879.05 lakhs (net of tax) in Other Comprehensive Income.
- Foreign receivables of USD 29,296.47 (approx. ₹24.5 lakhs) are outstanding for over 3 years, violating FEMA norms.
- Management failed to book interest income of ₹0.47 lakhs and interest expense of ₹1.30 lakhs on group company loans.
- Defaulted on TDS payments of ₹0.85 lakhs for over two years without providing for interest or penalties.
RLF Ltd reported a total revenue of Rs 23.43 lakhs for Q1 FY27, up from Rs 20.67 lakhs YoY, though core operational revenue fell 73% to Rs 3.32 lakhs. The bottom line was dominated by a non-cash land revaluation gain of Rs 879.05 lakhs (net of tax), which is nearly 88% of the company's current market capitalization. Auditors raised several red flags, including unbooked interest on related-party loans and long-pending foreign receivables of USD 29,296.47 exceeding FEMA timelines. Furthermore, the revalued land is located in a green belt/road widening area, which may impact its actual settlement value versus the fair value recorded.
- Net Profit reached Rs 881.75 lakhs, almost entirely due to a Rs 879.05 lakh net revaluation gain on land.
- Revenue from operations declined 73.2% YoY to Rs 3.32 lakhs from Rs 12.40 lakhs in the previous year's quarter.
- Foreign receivables of USD 29,296.47 have been outstanding for over 3 years, creating potential FEMA regulatory risks.
- Company failed to book interest income of ~Rs 0.47 lakhs and interest expense of ~Rs 1.30 lakhs on group company transactions.
- Default in TDS payments of Rs 0.85 lakhs outstanding for more than two years without interest/penalty provision.
RLF Ltd has scheduled a board meeting for August 14, 2026, to review and approve its standalone unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of only ‡8 crore and a TTM revenue of ‡1 crore. The trading window for insiders has been closed since July 1, 2026, and will reopen 48 hours after the results are announced. Given the company's small scale, quarterly performance can significantly impact its thin liquidity.
- Board meeting scheduled for August 14, 2026, at the Delhi corporate office
- Financial results to be considered for the quarter ended June 30, 2026
- Trading window closed from July 1, 2026, until 48 hours post-result declaration
- Company operates with a small TTM revenue base of ‡1 crore
- Market capitalization stands at approximately ‡8 crore as of the announcement date
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