Raj Rayon Industries reported volatile revenue at ₹10.58 Cr this quarter, down from ₹21.71 Cr last year.

Profit after tax swung to a gain of ₹13.44 Cr versus a loss previously.

Borrowings rose sharply to ₹194.46 Cr, while net worth dropped to ₹108.20 Cr.

The company appointed Ms. Riddhi Shah as Secretarial Auditor for five years.

The audit report includes a qualified opinion due to pending information on some inactive bank accounts.