Radhe Developers (India) reported a standalone net loss of ₹119.87 lakh in the quarter ended June 2026, marking a significant reversal from the net profit of ₹387.79 crore recorded in the corresponding quarter of the previous year. According to the latest unaudited financial results approved by the Board of Directors on July 17, 2026, this represents a complete turnaround in the company's financial performance during the first quarter of fiscal 2026.
The company's revenue from operations dropped to zero in Q1 FY2026, compared to ₹614.83 lakh reported in the same quarter of the previous financial year. As reported in the latest financial results, this represents a 100% decline in sales revenue from the previous year, indicating a complete halt in business operations or project completions during the quarter. Total income for the quarter stood at ₹1.73 lakh, significantly lower than the ₹615.13 lakh reported in Q1 FY2025.
The company's total expenses for Q1FY26 were reported at ₹120.44 lakh, a decrease from ₹179.37 lakh in the same quarter of the previous year. Key expense components included finance costs of ₹19.24 lakh and employee benefit expenses of ₹27.09 lakh. The company's operating profit margin (OPM) stood at 0% in Q1 FY2026, compared to 77.07% in the corresponding quarter of the previous year, reflecting the challenging operational environment during the quarter.
The statutory auditor S Parth & Co issued a Limited Review Report noting that no provision was made for gratuity in the quarterly results. The auditor stated that this omission is not in accordance with accounting prescribed under Ind AS 19, highlighting a significant compliance concern. The financial results were prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015, and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
PBDT (Profit Before Depreciation and Tax) turned negative at ₹0.99 crore in Q1 FY2026, compared to a positive ₹4.54 crore in the same quarter of the previous year. The company's loss before tax was ₹118.70 lakh for the quarter. Earnings Per Share (Basic) turned negative at ₹0.02 compared to a positive ₹0.07 in Q1 FY2025. The paid-up equity share capital increased to ₹5488.82 lakh as of June 30, 2026, from ₹5237.42 lakh in the previous year, indicating potential dilution concerns for shareholders.
