Restile Ceramics Limited held a board meeting on July 24, 2026, which commenced at 04:00 PM and concluded at 07:45 PM. The board approved the standalone unaudited financial results for the quarter ended June 30, 2026 (Q1 FY26), along with the limited review report, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results (Amount in Rs. lakhs, except per share data)

  • Revenue from Operations: Rs 166.77 lakh (Unaudited)
  • Other Income: Rs 0.03 lakh
  • Total Income: Rs 166.77 lakh
  • Total Expenses: Rs 182.87 lakh
  • Cost of materials consumed: Rs 0.80 lakh
  • Purchases of Stock-in-trade: Rs 157.91 lakh
  • Changes in inventories: Rs (0.17) lakh
  • Employee benefits expenses: Rs 8.39 lakh
  • Finance costs: Rs 0.01 lakh
  • Depreciation and amortization: Rs 9.53 lakh
  • Other expenses: Rs 6.41 lakh
  • Loss before exceptional items and tax: Rs (16.10) lakh
  • Exceptional items: Rs 0.98 lakh
  • Loss before tax: Rs (16.10) lakh
  • Tax expense: Rs 0.04 lakh
  • Loss for the period: Rs (16.10) lakh
  • Other Comprehensive Income: Rs 0.04 lakh
  • Total Comprehensive Income for the period: Rs (16.06) lakh
  • Earnings per equity share (Basic and Diluted): Rs (0.02)
  • Paid-up Equity Share Capital: Rs 9,827.92 lakh (Face value Rs 10 per share)
  • Other Equity as per previous year balance sheet: Rs (13,000.38) lakh

Auditor's Review Report

The independent auditors, M.S. Krishnaswami & Rajan (Firm Registration No: 015545S), issued a qualified conclusion on the financial results. They highlighted that the company has generated negative operating cash flows, incurred substantial operating losses, and experienced significant deterioration in the value of assets used to generate cash flows. These factors indicate the existence of material uncertainty regarding the company's ability to continue as a going concern for a reasonable period. The financial results do not include any adjustments that might result from these uncertainties.

Notes to Financial Results

  • The financial results were reviewed by the Audit Committee and approved by the Board of Directors on July 24, 2026.
  • The company operates in a single segment: vitrified tiles.
  • As a matter of prudence, accrual of deferred tax asset as at June 30, 2026, has been restricted to the amount of deferred tax liability, in accordance with Ind AS 12 'Income Taxes'.
  • The company is addressing the issues of negative operating cash flows and operating losses through proposed restructuring of operations.
  • The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and published year-to-date figures up to December 31, 2025.