Rajasthan Tube Q1FY27: ₹0.03 Cr profit, EGM Aug 20

Key update from the June quarter

Rajasthan Tube Manufacturing Company Limited reported a net profit of ₹0.0285 crore for the quarter ended June 30, 2026 (Q1FY27). The company had posted a net loss of ₹1.0991 crore in the same period of the previous year. The result marks a swing back to profit, but on a much smaller revenue base than the year-ago quarter. Income from operations for Q1FY27 stood at ₹0.0556 crore, compared with ₹13.4497 crore in Q1FY26. The company’s cost line also dropped sharply alongside the fall in revenue.

Board meeting: unaudited results approved

The Board of Directors approved the unaudited standalone financial statements at a meeting held on August 15, 2026, at the company’s registered office. The meeting commenced at 5:00 pm and concluded at 5:45 pm. Directors considered and took on record the quarterly results along with the limited review report from the auditors. The disclosures indicate the results were reviewed under the limited review process, consistent with quarterly reporting norms.

Q1FY27 performance: revenue collapse, profit recovery

The company’s Q1FY27 net sales were ₹0.0556 crore versus ₹13.4497 crore in Q1FY26. Total expenses for the quarter were ₹0.0272 crore compared with ₹14.5496 crore in Q1FY26. Profit before tax came in at ₹0.0285 crore, versus a loss before tax of ₹1.0991 crore in Q1FY26. Net profit for the quarter matched profit before tax at ₹0.0285 crore, as the company did not incur any tax expense for the period. Earnings per share (basic and diluted) were reported at ₹0.01, compared with ₹(0.24) in Q1FY26.

Cost structure details: expenses led by depreciation

Total expenses in Q1FY27 were ₹0.0272 crore. Finance expenses were ₹0.0036 crore, depreciation and amortization stood at ₹0.0128 crore, and other expenses were ₹0.0108 crore. The company reported no costs of materials consumed during the quarter. It also recorded no employee benefits expense for the period, as per the disclosed break-up. These line items show that the quarter’s cost base was largely non-cash depreciation and other overheads, with limited operating activity reflected in the P&L.

Snapshot table: Q1FY27 vs Q1FY26

Capital-raising agenda: EGM on August 20

Rajasthan Tube Manufacturing has scheduled an Extraordinary General Meeting (EGM) for Thursday, August 20, 2026, at 3:00 PM IST via video conferencing. The company is seeking shareholder approval for a ₹93.15 crore preferential allotment of convertible equity share warrants. The proposed allotment is to 53 public investors, according to the disclosure. Preferential issues and warrant structures are typically used to raise funds with staggered cash inflows, subject to shareholder and regulatory processes.

E-voting window and cut-off date

Remote e-voting is scheduled to begin on Monday, August 17, 2026, from 9:00 AM IST. It will close on Wednesday, August 19, 2026, at 5:00 PM IST. The cut-off date for eligibility has been fixed as Thursday, August 13, 2026. These dates matter for shareholders planning to vote on the proposed preferential allotment, especially as the EGM is being held through video conferencing.

Context from recent disclosures: FY26 profit, Q4 loss

Separately, the company had reported a net profit of ₹1.2369 crore for the financial year ended March 31, 2026, which it said was a 153.86% increase from ₹0.4873 crore in the previous year. However, it also disclosed a net loss of ₹0.5643 crore for the quarter ended March 31, 2026 (Q4FY26), when operations remained suspended and revenue was nil. The company stated that no production activities were carried out during that quarter, and revenue was nil compared to ₹7.9688 crore in the same period last year. Against that backdrop, Q1FY27’s very low revenue underscores that operating activity, as reflected in sales, remains limited.

Market snapshot: latest price cited in the update

In the market data included with the update, RAJTUBE was shown at ₹10.59 as of August 14, 2026, with a move of ₹0.45 (4.44%), and the timestamp listed as 10:52 IST. This price point provides a reference around the period when investors were tracking the company’s disclosures. The company’s next near-term market trigger, based on the provided information, is the shareholder vote on the proposed warrant allotment.

Why this matters: operations and funding in focus

The quarter’s return to profit is notable because it follows a period where the company disclosed suspended operations and nil revenue in Q4FY26. But the Q1FY27 profit is small in absolute terms and came alongside a sharp fall in reported operating revenue versus Q1FY26. With an EGM scheduled to consider a sizeable ₹93.15 crore preferential allotment of convertible warrants, investors are likely to focus on how the company plans to use capital and whether operating activity stabilises in subsequent quarters. The e-voting timeline and the August 20 meeting are the next confirmed milestones in the company’s calendar.