RR Metalmakers posts Rs 96.99 lakh Q2 loss after profit

RR Metalmakers India Limited posted a Rs 96.99 lakh loss for the quarter ended September 30, 2026, reversing a Rs 41.70 lakh profit a year earlier, after total expenses of Rs 36.78 crore exceeded total revenue of Rs 35.81 crore. The board approved the unaudited standalone results on November 14, 2026.

Why did RR Metalmakers report a Q2 loss?

RR Metalmakers reported a Q2 loss because its total expenses of Rs 36.78 crore exceeded total revenue of Rs 35.81 crore by Rs 97.15 lakh before tax in the quarter ended September 30, 2026. A Rs 0.16 lakh tax saving reduced the reported loss after tax to Rs 96.99 lakh.

The outcome reversed the prior-year quarter's Rs 41.70 lakh profit after tax. In the quarter ended September 30, 2025, total revenue was Rs 44.21 crore and total expenses were Rs 43.39 crore, producing a Rs 82.47 lakh profit before tax. Total revenue therefore declined by Rs 8.40 crore year on year, while the pre-tax result changed by Rs 1.80 crore from profit to loss.

Basic and diluted loss per equity share was Rs 1.08 for the September 2026 quarter, compared with earnings per share of Rs 0.26 in the September 2025 quarter. The results were prepared under Indian Accounting Standard 34, or Ind AS 34, covering interim financial reporting.

What were RR Metalmakers' largest quarterly cost lines?

RR Metalmakers recorded Rs 29.60 crore of material consumption and Rs 6.43 crore of purchases of stock-in-trade and direct expenses in the September 2026 quarter. Together, these two lines represented Rs 36.03 crore of the Rs 36.78 crore total expense base.

Other disclosed costs included Rs 54.48 lakh of employee-benefit expense, Rs 12.50 lakh of depreciation and amortisation expense, and Rs 1.07 lakh of finance costs. Changes in inventories of finished goods were Rs 7.56 lakh, taking the listed expense lines to the reported quarterly total.

The comparative figures show that revenue from operations fell to Rs 35.73 crore from Rs 43.96 crore, while other income fell to Rs 8.57 lakh from Rs 25.63 lakh. The filing does not give a management explanation for the lower revenue or for the movement in individual cost categories.

How did RR Metalmakers perform in the first half?

RR Metalmakers reported a Rs 1.98 crore loss before tax for the half year ended September 30, 2026, compared with a Rs 11.29 lakh profit before tax in the half year ended September 30, 2025. The half-year pre-tax result includes the Rs 97.15 lakh loss before tax reported in the September 2026 quarter.

Segment revenue from operations for the six months was Rs 60.14 crore, comprising Rs 60.13 crore from trading and Rs 0.85 lakh from manufacturing. In the September quarter, trading generated Rs 35.73 crore of segment revenue and manufacturing reported no revenue.

Trading was also the principal segment in the comparable quarter, although the reported presentation differs across periods. For the quarter ended September 30, 2025, trading revenue was Rs 23.02 crore and manufacturing revenue was Rs 8.23 lakh in the segment statement, while total revenue from operations in the income statement was Rs 43.96 crore.

What changed in RR Metalmakers' balance sheet?

RR Metalmakers' total assets were Rs 58.97 crore at September 30, 2026, compared with Rs 54.70 crore at March 31, 2026. Current assets increased to Rs 53.28 crore from Rs 49.87 crore, while non-current assets rose to Rs 5.69 crore from Rs 4.83 crore.

Inventories stood at Rs 18.38 crore at September 30, compared with Rs 17.78 crore at the March year-end. Trade receivables rose to Rs 30.21 crore from Rs 24.48 crore, while cash and cash equivalents declined to Rs 4.55 lakh from Rs 10.70 lakh.

Total equity was Rs 6.60 crore at September 30, 2026, up from Rs 2.38 crore at March 31, 2026. Non-current borrowings were Rs 8.36 crore and current borrowings were Rs 6.44 crore, while trade payables other than those due to micro and small enterprises were Rs 37.44 crore.

How did RR Metalmakers' cash flow move in the half year?

RR Metalmakers used Rs 1.50 crore in operating activities in the half year ended September 30, 2026, compared with Rs 4.91 crore used during the year ended March 31, 2026. The cash-flow statement started with a Rs 1.98 crore pre-tax loss and recorded Rs 5.70 crore of cash absorption associated with trade receivables and Rs 59.97 lakh associated with inventories.

Investing activities generated Rs 95.53 lakh in the six-month period, including Rs 71.69 lakh of proceeds from sales of property, plant and equipment and Rs 20.84 lakh of interest receipts. Financing activities generated Rs 48.57 lakh, as Rs 1.67 crore of borrowing proceeds exceeded Rs 1.19 crore of interest and finance expenses paid.

Net cash and cash equivalents fell by Rs 6.15 lakh from Rs 10.70 lakh at the beginning of the financial year to Rs 4.55 lakh at September 30, 2026. M. A. Chavan & Co.'s limited review report dated November 14, 2026 stated that nothing had come to its attention to indicate that the unaudited results had a material misstatement.

Conclusion

RR Metalmakers' September-quarter reversal reflected lower total revenue of Rs 35.81 crore against expenses of Rs 36.78 crore, turning a Rs 41.70 lakh prior-year profit into a Rs 96.99 lakh loss. The wider half-year figures also showed a Rs 1.98 crore pre-tax loss and Rs 1.50 crore of operating cash outflow.

The next results will show whether trading revenue, which contributed Rs 35.73 crore in the September quarter, changes and whether receivables of Rs 30.21 crore and inventories of Rs 18.38 crore convert into cash. The filing does not disclose an earnings target, turnaround programme or financial guidance beyond the approved results for the quarter and half year ended September 30, 2026.