Radha Madhav Corporation Limited (RMCL) Financial Results — Revenue ₹0.49

Revenue: ₹0.49Net Profit: ₹-236.17 Cr

📢 Key Event
Q3 FY2022 net loss widens sharply to ₹236.17 crores

🔄 What Changed
Net loss increased from ₹2.78 crores (QoQ) and ₹1.18 crores (YoY) to ₹236.17 crores; asset restructuring noted post-NCLT resolution approval

💡 Investor Takeaway
The company remains loss-making with no comparable historical performance, making future recovery uncertain for investors

RMCL reported a net loss of ₹236.17 crores for Q3 FY2022, a significant deterioration from the prior quarter's loss of ₹2.78 crores and the same quarter last year's loss of ₹1.18 crores. The company, undergoing insolvency resolution with new promoters, disclosed unaudited results reviewed by the audit committee but highlighted material changes in asset-liability restructuring and non-comparable prior periods due to management changes.

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