Radhe Developers (India) Limited reported a significant improvement in financial performance for FY26, with net profit after tax (PAT) rising 141% to ₹324.35 lakh. The company also announced the schedule for its 32nd Annual General Meeting (AGM), set for September 19, 2026, at its registered office in Ahmedabad.

Financial Performance

The top-line growth was accompanied by a substantial expansion in profitability metrics. Profit before tax stood at ₹342.75 lakh, compared to ₹145.33 lakh in FY25. Total income increased to ₹1,124.36 lakh from ₹768.59 lakh in the previous year. Despite the revenue growth, total expenses rose by only 25% to ₹781.62 lakh, highlighting effective cost management.

Total comprehensive income for the year was recorded at ₹324.42 lakh. The board decided not to recommend a dividend for the year, opting instead to conserve resources for future stakeholder wealth creation. All comprehensive income was transferred to reserves and surplus.

Capital Restructuring

A significant corporate action during the year was the conversion of unsecured loans into equity shares. Pursuant to shareholder approval at an Extra-Ordinary General Meeting held on December 26, 2025, the company allotted 2,51,39,620 equity shares of face value ₹1 each at a price of ₹2.55 per share. This preferential allotment, aggregating to ₹6.41 crore, was made to promoter Ashish Patel. The allotment was completed on February 2, 2026, with trading approval granted by BSE Limited shortly thereafter.

As of March 31, 2026, the company's issued, subscribed, and paid-up share capital stood at 54,88,81,540 equity shares. The authorized capital remains at ₹100 crore.

What the Numbers Show

The financial data reveals a distinct shift in the company's cost structure alongside revenue growth. While revenue rose by approximately 45%, total expenses increased by only 25%. This divergence highlights improved operating leverage. Specifically, finance costs decreased by 22% to ₹79.62 lakh from ₹101.45 lakh in the previous year, suggesting effective debt management or lower interest burdens relative to the higher revenue base. Additionally, other income more than quadrupled to ₹13.52 lakh from ₹2.78 lakh, contributing to the bottom-line expansion without proportional increases in operational expenditures.

Governance and Meetings

The AGM will address ordinary business items, including the adoption of audited financial statements and the reappointment of Mr. Alok Vaidya as a director liable to retire by rotation. E-voting facilities are available through NSDL from September 16 to September 18, 2026. Members holding shares as on the cut-off date of September 13, 2026, are eligible to vote. The register of members and share transfer books will remain closed from September 13, 2026, to September 19, 2026.

During the year, the board saw changes in its composition. Mr. Dineshsingh Kshatriya and Mr. Rajendra Patel were appointed as independent directors, while Mr. Tushar Patel resigned, and Mr. Bharat Pandya's term concluded on March 31, 2026. The company continues to be listed on BSE Limited.

Radhe Developers (India) Limited reported a net loss of ₹119.87 lakh for the quarter ended June 30, 2026, a sharp decline from the net profit of ₹387.79 lakh recorded in the same period last year. The company's revenue from operations fell to ₹0.00 lakh in Q1FY26, down from ₹614.83 lakh in Q1FY25. Total income for the quarter stood at ₹1.73 lakh, significantly lower than the ₹615.13 lakh reported in the previous year's corresponding quarter.

The Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report from the Statutory Auditor. The meeting was held on July 17, 2026. The financial results were reviewed by the Audit Committee and subsequently approved by the Board. The company operates solely in the Construction business segment, as identified by the management in line with Ind AS 108.

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 reported a loss before tax of ₹118.70 lakh for the quarter. The paid-up equity share capital increased to ₹5488.82 lakh as of June 30, 2026, from ₹5237.42 lakh in the previous year.

Financial Performance Summary

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. 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.