Gujarat Raffia FY26 Net Profit Rises to ₹104.68 Lacs

Gujarat Raffia Industries Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. The company reported a significant increase in financial performance for the fiscal year, with revenue from operations surging to ₹8855.99 lacs compared to ₹3004.14 lacs in the previous year.

For the fourth quarter of FY26, the company recorded a revenue from operations of ₹2699.18 lacs. Net profit for the quarter stood at ₹41.42 lacs. On an annual basis, the net profit after tax for FY26 reached ₹104.68 lacs, a substantial rise from ₹52.22 lacs in the preceding fiscal year. The statutory auditors, M/s. KPSJ Associates & LLP, have issued an unmodified opinion on the audited financial results.

Financial Performance Summary

The company's total income for the year ended March 31, 2026, was ₹8900.18 lacs. Total expenses for the period were reported at ₹8773.08 lacs. The basic earnings per equity share (EPS) of ₹10 each for the year improved to ₹1.94, up from ₹0.97 in the previous year.

Metric	FY26 (Audited)	FY25 (Audited)
Revenue from Operations	₹8855.99 lacs	₹3004.14 lacs
Total Income	₹8900.18 lacs	₹3057.43 lacs
Total Expenses	₹8773.08 lacs	₹2995.42 lacs
Net Profit for the Year	₹104.68 lacs	₹52.22 lacs
Basic EPS	₹1.94	₹0.97

Trading Window Closure

In accordance with the company's Code of Conduct for Prohibition of Insider Trading, the trading window remains closed. It initially closed on April 1, 2026, and will remain shut until the completion of 48 hours after the public declaration of these audited financial results. This restriction applies to all Directors, Key Managerial Personnel (KMPs), Designated Employees, and Connected Persons.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.20%	+20.21%	+10.16%	-20.88%	+14.79%	-37.02%

Gujarat Raffia Industries Limited has made significant changes to its leadership team, appointing a new Company Secretary and elevating a director to a key executive role. These strategic moves, approved by the company's Board of Directors on November 6, 2025, aim to strengthen the company's management structure.

New Company Secretary Appointment

Mr. Rishi Jaithlia has been appointed as the Company Secretary and Compliance Officer, effective immediately. Jaithlia brings a strong professional background to the role:

Aspect	Details
Qualification	Qualified Company Secretary (Membership No. A69646)
Education	Master's degree in Commerce
Experience	Over two years in corporate secretarial work
Skills	Critical thinking and problem-solving in fast-paced environments

Director's Role Expansion

In a separate move, the Board has approved a change in designation for Mr. Abhishek Bhutoria:

Current Role	New Role	Term
Non-Executive Director	Whole Time Director cum Chief Financial Officer	Five-year term (subject to shareholder approval)

Mr. Bhutoria's appointment is subject to ratification at the next General Meeting. His association with Gujarat Raffia Industries dates back to September 2015, and he brings extensive experience in finance, accounts, and business management to his new role.

Leadership Background

Abhishek Bhutoria's educational background includes:

Master's degree in Business Administration from California State University, USA

It's worth noting that Mr. Bhutoria has familial ties to the company's top management:

Son of Mr. Pradeep Bhutoria (Managing Director)
Son of Ms. Sushma Bhutoria (Whole Time Director)

These appointments reflect Gujarat Raffia Industries' efforts to bolster its leadership team with experienced professionals. The company appears to be positioning itself for potential growth and improved corporate governance with these strategic changes in key positions.