Rajnandini Metal LimitedQ1 FY27 Results & Financial Update
Rajnandini Metal Limited: Q1 FY27 standalone results and company financials – revenue ₹51.95 Cr, PAT ₹0.39 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Rajnandini Metal Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the first quarter of fiscal 2027 ended June 30, 2026, Rajnandini Metal reported revenue from operations of INR 51.95 crore, accompanied by other income of INR 0.66 crore, bringing total income to INR 52.61 crore.
The company posted a profit before tax (PBT) of INR 0.52 crore for the quarter, moderating from the preceding quarter ended March 31, 2026, and marking a recovery compared to losses recorded in the corresponding period of the previous year.
Tax expenses for the quarter stood at INR 0.13 crore, comprising a current tax charge of INR 0.21 crore offset by a deferred tax credit of INR 0.08 crore, leaving a net profit (PAT) of INR 0.39 crore.
Basic and diluted earnings per share (EPS) for the June 2026 quarter both stood at INR 0.01, based on a paid-up equity share capital of INR 27.65 crore with a face value of INR 1 per share.
Total expenses for the quarter were contained at INR 52.09 crore, dominated by purchases of stock-in-trade amounting to INR 49.17 crore and finance costs of INR 0.89 crore.
Statutory auditors issued a qualified review report drawing attention to ongoing major tax litigations, specifically a substantial GST demand and an income tax demand contested by management.
The board of directors approved several governance appointments during the meeting on August 13, 2026, including internal and cost auditors for the 2026-27 financial year and committee reconstitutions.
01 · Business model
What does Rajnandini Metal do?
Rajnandini Metal Limited is engaged in the manufacturing and trading of copper wires and allied metal products, operating out of its registered facility located at IMT Bawal in Rewari, Haryana.
The company's primary business model revolves around sourcing raw copper materials, executing value-added manufacturing processes such as wire drawing and cabling, and distributing finished copper products to various industrial segments.
Rajnandini Metal operates as a standalone entity without any subsidiaries, joint ventures, or associate companies, consolidating all operational and financial activities within its primary manufacturing unit.
02 · Historical context
What shaped the business before this quarter
During the financial year ended March 31, 2025, GST authorities conducted a search on company premises, subsequently issuing an order under Section 74 of the CGST Act demanding INR 290.70 crore including tax, interest, and penalties regarding alleged fraudulent input tax credit.
During the financial year ended March 31, 2026, income tax authorities raised an additional demand of INR 10.68 crore, against which management has sought legal recourse and filed appeals.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹51.95 Cr |
| Total income | ₹52.61 Cr |
| Profit before tax | ₹0.52 Cr |
| Profit after tax | ₹0.39 Cr |
| EPS | ₹0.01 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 0.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 1.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.66 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations for Q1 FY27 reached INR 51.95 crore, supported by a contribution of INR 0.66 crore in other income, resulting in a total income of INR 52.61 crore.
What drove margins
The primary expenditure driver was the purchase of stock-in-trade at INR 49.17 crore, alongside raw material consumption of INR 0.10 crore and inventory adjustments of negative INR 0.10 crore.
Finance costs stood at INR 0.89 crore, while employee benefit expenses were INR 0.09 crore and depreciation and amortization expenses accounted for INR 0.29 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
In accordance with Ind AS 108, the company identifies 'Manufacturing and trading of copper wires' as its single operating segment for standalone financial reporting.
06 · Reported developments
What changed operationally
The company reported a net profit of INR 0.39 crore for Q1 FY27, recovering from losses in the year-ago period.
07 · Pressure points & risks
What is not going smoothly
Statutory auditors issued a qualified opinion due to pending appellate proceedings regarding a massive GST demand of INR 290.70 crore and an income tax demand of INR 10.68 crore, for which management has not created financial provisions.
08 · Items worth noticing
The line items that can distort a quick read
Management maintains that GST input credit was legitimately availed and that tax demands totaling INR 290.70 crore (including interest and penalty) and INR 10.68 crore are untenable, resulting in zero provisioning in the financial statements.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor and Committee Appointments
The board approved the appointment of M/s. V. V. S. G. and Associates as internal auditors and M/s. Vandana Bansal & Associates as cost auditors for FY 2026-27, and reconstituted the stakeholder relationship committee.
10 · Previous-quarter changes
What changed since the previous quarter
Total income moderated from INR 56.57 crore in Q4 FY26 to INR 52.61 crore in Q1 FY27, with PBT decreasing from INR 1.66 crore to INR 0.52 crore.
11 · Key Q&A
The quarter, answered directly
What does Rajnandini Metal do?
Rajnandini Metal Limited is engaged in the manufacturing and trading of copper wires and allied metal products, operating out of its registered facility located at IMT Bawal in Rewari, Haryana.
What is the clearest takeaway from Q1 FY27?
For the first quarter of fiscal 2027 ended June 30, 2026, Rajnandini Metal reported revenue from operations of INR 51.95 crore, accompanied by other income of INR 0.66 crore, bringing total income to INR 52.61 crore.
What drove revenue or demand?
Revenue from operations for Q1 FY27 reached INR 51.95 crore, supported by a contribution of INR 0.66 crore in other income, resulting in a total income of INR 52.61 crore.
What mattered most for margins or profitability?
The primary expenditure driver was the purchase of stock-in-trade at INR 49.17 crore, alongside raw material consumption of INR 0.10 crore and inventory adjustments of negative INR 0.10 crore.
What changed operationally beyond the headline numbers?
The board approved the appointment of M/s. V. V. S. G. and Associates as internal auditors and M/s. Vandana Bansal & Associates as cost auditors for FY 2026-27, and reconstituted the stakeholder relationship committee.
What are the main pressure points disclosed for the quarter?
Statutory auditors issued a qualified opinion due to pending appellate proceedings regarding a massive GST demand of INR 290.70 crore and an income tax demand of INR 10.68 crore, for which management has not created financial provisions.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Appellate Proceedings on Tax Demands: Monitor the progress and legal outcomes of the company's appeals against the GST demand of INR 290.70 crore and income tax demand of INR 10.68 crore before appropriate appellate authorities.
- 02
Annual General Meeting: Track proceedings and shareholder approvals at the 16th Annual General Meeting scheduled for September 28, 2026.
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