(BSE: 531825 | RCCEMEN)
New Delhi, January 30, 2025
RCC Cements Limited has released its unaudited standalone financial results for the quarter and nine months ended December 31, 2024. The results were reviewed and approved in the Board meeting held on January 30, 2025.
Key Financial Highlights (Standalone)
| Particulars | Q3 FY25 (₹ Cr) | Q2 FY25 (₹ Cr) | Q3 FY24 (₹ Cr) | 9M FY25 (₹ Cr) | 9M FY24 (₹ Cr) | FY24 (₹ Cr) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 0.56 | 0.58 | 1.31 | 1.88 | 4.73 | 4.97 |
| Total Income | 0.56 | 0.58 | 1.31 | 1.88 | 4.73 | 4.97 |
| Total Expenses | 3.44 | 4.26 | 3.51 | 10.93 | 12.50 | 15.80 |
| EBITDA | (2.88) | (3.68) | (2.20) | (9.05) | (7.77) | (10.83) |
| Net Profit / (Loss) | (2.88) | (3.68) | (2.20) | (9.05) | (7.77) | (10.83) |
| EPS (₹ per share) | (0.05) | (0.07) | (0.02) | (0.16) | (0.14) | (0.19) |
Operational & Financial Overview
- Revenue Decline: The company has witnessed a sharp decline in sales, with revenue from operations dropping by over 57% YoY in Q3 FY25.
- Continued Losses: The company's losses widened to ₹9.05 crore for the nine-month period ended December 31, 2024.
- Minimal Cost Optimization: Operating expenses remain high at ₹3.44 crore for the quarter, with minimal cost-cutting measures visible.
- Dormant Bank Accounts: The company has dormant bank accounts, and no statements were provided to auditors.
- Equity Shares Not Actively Traded: The last recorded trade of the company's equity shares on the Bombay Stock Exchange (BSE) was on September 23, 2024.
Auditor Observations
The independent auditors conducted a limited review of the financial statements and highlighted key concerns:- Unconfirmed Capital Advances: ₹3.74 crore categorized as long-term loans & advances remain unverified due to the absence of confirmations.
- Non-Payment of Annual Listing Fees: The company has not paid its BSE listing fees since FY2018-19, leading to restrictions on trading. The company’s shares are only tradable once a week on a Trade-for-Trade basis.
Corporate Announcements & Compliance
- The company continues to operate as a single-segment entity, following Ind AS 108 – Operating Segmentreporting standards.
- The financials have been prepared in compliance with SEBI’s Listing Obligations & Disclosure Requirements (LODR) Regulations, 2015.
- Prior period figures have been reclassified where necessary to align with current period reporting.
Outlook & Challenges
The company remains in financial distress, facing declining revenue, persistent losses, and compliance issues. With limited trading activity on BSE and unpaid listing fees, investor confidence remains low. The company must address funding challenges, improve revenue generation, and optimize costs to stabilize operations.Investors and stakeholders are advised to monitor the company’s financial restructuring efforts closely.