Raghunath International (RAGHUNAT) Q2 FY27 Reports Zero Revenue as Real Estate Business Halts
The company posted a net profit of ₹0.11 crore despite no operating sales, relying entirely on other income as its core business remains dormant.
Raghunath International's September quarter saw revenue fall to zero from ₹0.85 crore a year ago, with profit down 84%. The real estate segment generated negligible sales, leaving other income to support the bottom line.
For Raghunath International, a company with both trading and real estate arms, the September quarter was defined by a complete absence of its main business. Revenue fell to zero, down from ₹0.85 crore a year earlier, while profit still managed ₹0.11 crore, a drop of 84%.
The numbers show a company running on fumes. Total income of ₹0.29 crore came entirely from other sources, as reported by StockFin.ai. With no revenue from operations, expenses were covered by this other income, leaving a slim profit.
Revenue & profit
Revenue (₹ Cr)
Profit (₹ Cr)
| Metric | CurrentQ2 FY27 | PreviousQ1 FY27 | Same quarter LYQ2 FY26 |
|---|---|---|---|
| Period | Sep 2026 | Jun 2026 | Sep 2025 |
| Revenue (₹ Cr) | 0.00YoY -100% | 0.29 | 0.85 |
| Profit (₹ Cr) | 0.11YoY -84% | 0.14 | 0.70 |
The Real Estate Segment Goes Quiet
The collapse was driven by its real estate division. According to a report from multibagg.ai, real-estate development revenue fell 93% year-on-year to just ₹6.43 lakh. This segment, which contributed ₹90.71 lakh in the same quarter last year, has seen activity grind to a near halt for three consecutive quarters.
Management has provided no forward guidance or commentary on future projects in available filings, notes StockFin.ai. The company's recent annual general meeting focused on procedural approvals rather than new business plans.
A Business Sustained by Other Income
With core operations dormant, the company's survival hinges on other income. This stream, which includes returns from investments and associates, accounted for all reported total income. Its sustainability is unclear, but it has consistently generated enough to cover minimal corporate expenses.
The balance sheet shows a debt-free company with a low P/E of 4.5, an 86% discount to its industry. This reflects deep market skepticism about any operational revival. Institutional investors hold no stake, according to shareholding pattern data.
Key Points
- Revenue fell to zero in Q2 FY27, down 100% year-on-year, as real estate sales effectively stopped.
- A net profit of ₹0.11 crore was sustained solely by other income, covering corporate expenses.
- Management has disclosed no strategic plans or project pipeline, indicating continued dormancy.
- The stock trades at a significant discount to the industry, with no institutional ownership.
Hexa Perspective
The quarter confirms Raghunath International is in a dormant phase with no operational momentum. The path forward requires a clear restart of its real estate business or a strategic shift, neither of which is currently visible. Investors are left weighing a pristine, debt-free balance sheet against a complete lack of revenue-generating activity. Until a credible business plan emerges, the stock's deep discount is likely to persist.
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