Rasi Electrodes September profit rises to Rs 1.74 crore

Rasi Electrodes Limited reported net profit of Rs 1.74 crore for the quarter ended September 30, 2026, compared with Rs 75.90 lakh a year earlier, as total revenue reached Rs 23.31 crore. The Board approved the unaudited standalone results on November 14, 2026, after Audit Committee review.

How did Rasi Electrodes perform in the September 2026 quarter?

Rasi Electrodes increased net profit to Rs 1.74 crore in the September 2026 quarter from Rs 75.90 lakh in the September 2025 quarter and Rs 1.33 crore in the June 2026 quarter. Profit before tax rose to Rs 2.31 crore from Rs 1.06 crore a year earlier and Rs 1.71 crore in the preceding quarter.

Total revenue was Rs 23.31 crore, compared with Rs 17.27 crore in the September 2025 quarter and Rs 17.94 crore in the June 2026 quarter. Revenue from operations contributed Rs 22.00 crore in the latest quarter, while other income was Rs 1.31 crore, against Rs 16.78 crore and Rs 49.14 lakh respectively a year earlier.

Rasi Electrodes reported basic and diluted earnings per share of Rs 0.56 for the September 2026 quarter, compared with Rs 0.24 in the September 2025 quarter. Paid-up equity share capital was unchanged at Rs 6.23 crore across the September 2026, June 2026 and September 2025 quarter columns, with a face value of Rs 2 per share.

What changed in Rasi Electrodes’ costs and profit during the quarter?

Rasi Electrodes recorded total expenses of Rs 21.00 crore in the September 2026 quarter, up from Rs 16.21 crore a year earlier and Rs 16.23 crore in June 2026. The Rs 4.79 crore year-on-year increase in expenses was lower than the Rs 6.04 crore rise in total revenue, while profit before tax increased by Rs 1.25 crore.

Cost of materials consumed was Rs 15.95 crore in the September 2026 quarter, compared with Rs 12.98 crore in the September 2025 quarter. Other expenses rose to Rs 2.60 crore from Rs 1.97 crore, employee-benefit expense was Rs 1.20 crore against Rs 1.16 crore, and inventory changes represented an expense of Rs 1.01 crore rather than a Rs 21.14 lakh reduction in the earlier period.

Rasi Electrodes reported a total tax expense of Rs 57.35 lakh for the latest quarter, compared with Rs 29.61 lakh a year earlier and Rs 37.60 lakh in June 2026. Finance cost was Rs 42,000 in September 2026, versus Rs 26,000 in September 2025, while total comprehensive income was Rs 1.75 crore after other comprehensive income.

How did Rasi Electrodes’ half-year results compare with last year?

Rasi Electrodes reported net profit of Rs 3.07 crore for the half year ended September 30, 2026, compared with Rs 2.02 crore for the half year ended September 30, 2025. Half-year profit before tax increased to Rs 4.02 crore from Rs 2.66 crore, and earnings per share rose to Rs 1.00 from Rs 0.64.

Total revenue for the six months was Rs 41.25 crore, up from Rs 37.07 crore in the prior-year half year. Operating revenue reached Rs 39.64 crore from Rs 36.20 crore, while other income increased to Rs 1.61 crore from Rs 86.61 lakh.

Rasi Electrodes’ total expenses rose by Rs 2.83 crore to Rs 37.23 crore over the six-month period, compared with the Rs 4.18 crore increase in total revenue. Material consumption was Rs 29.62 crore against Rs 27.92 crore, other expenses were Rs 4.09 crore against Rs 3.71 crore, and employee-benefit expense declined to Rs 2.30 crore from Rs 2.35 crore.

What does Rasi Electrodes’ cash-flow statement show?

Rasi Electrodes reported cash and cash equivalents of Rs 12.99 crore at September 30, 2026, compared with Rs 11.04 crore at April 1, 2026. The difference represents a net increase of Rs 1.95 crore during the half year ended September 30, 2026.

The cash-flow statement shows net cash used in operating activities of Rs 41.22 lakh for the half year, while investing activities generated Rs 2.46 crore. Net cash used in financing activities was Rs 10.49 lakh, and these movements together reconciled to the Rs 1.95 crore increase in closing cash and cash equivalents.

The cash-flow statement starts with half-year profit before tax of Rs 4.02 crore and includes Rs 40.00 lakh of depreciation and amortisation adjustments. Rasi Electrodes’ filing labels the statement as covering the quarter and half year ended September 30, 2026, but the disclosed opening and closing cash balances are dated April 1, 2026 and September 30, 2026 respectively.

What else did Rasi Electrodes disclose with the results?

Rasi Electrodes identified welding electrodes and CCMS wire as its only primary reportable segment under Indian Accounting Standard 108, Operating Segments. It therefore did not provide separate segment information for the September 30, 2026 quarter or half year.

Poonam Ankit & Associates issued a limited review report dated November 14, 2026 on the unaudited standalone results. The firm stated that nothing had come to its attention to suggest that the results contained a material misstatement or did not disclose information required under Regulation 33 of the Securities and Exchange Board of India listing regulations.

Rasi Electrodes also said its Board authorised a related-party transaction with Kashyap Wire Products in line with the ordinary resolution passed by shareholders through a postal ballot on March 31, 2026. The filing did not disclose the transaction’s value, timing or commercial terms.

Conclusion

Rasi Electrodes’ September-quarter figures showed net profit rising to Rs 1.74 crore from Rs 75.90 lakh as revenue increased to Rs 23.31 crore from Rs 17.27 crore. For the first half, net profit reached Rs 3.07 crore and cash and cash equivalents increased by Rs 1.95 crore to Rs 12.99 crore.

The next disclosed matter to watch is the Board-authorised related-party transaction with Kashyap Wire Products, for which the November 14, 2026 filing leaves the value and terms unresolved. Shareholders also approved S. Hari Krishnan as secretarial auditor from the conclusion of the 32nd annual general meeting through the conclusion of the 37th annual general meeting in 2031.