Riddhi Siddhi Gluco Biols Q1 Results: Net profit falls 26% YoY to ₹135 lakh
Riddhi Siddhi Gluco Biols Ltd reported a 26% YoY drop in standalone net profit to ₹135.05 lakh for Q1FY27, with revenue falling 45% to ₹801.47 lakh due to weak trading volumes. Investment income remained a key profit driver, contributing over 70% of pre-tax profits. The board approved a ₹200 crore related-party borrowing facility and noted the completion of MPS requirements via promoter divestment.
*this image is generated using AI for illustrative purposes only.
Riddhi Siddhi Gluco Biols Limited reported a standalone net profit of ₹135.05 lakh for the quarter ended June 30, 2026, marking a 26% decline from the ₹183.16 lakh recorded in the same period of the previous fiscal year. Consolidated profit attributable to equity shareholders stood at ₹38.85 lakh, compared to a loss of ₹47.43 lakh in Q4FY26 but significantly lower than the ₹94.41 lakh profit in Q1FY26.
Revenue from operations for the standalone entity fell 45% year-on-year to ₹801.47 lakh, down from ₹1,454.34 lakh in Q1FY26. The consolidated revenue from continuing operations was ₹898.69 lakh, a 42% drop from ₹1,546.07 lakh in the prior year quarter.
Standalone Financial Performance
The company’s trading business, which contributes the majority of its revenue, saw sales plummet to ₹764.99 lakh from ₹1,412.26 lakh in the corresponding quarter last year. Wind energy generation revenue remained relatively stable at ₹36.47 lakh, slightly down from ₹42.09 lakh previously.
| Metric | Q1FY27 (₹ lakh) | Q1FY26 (₹ lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 801.47 | 1,454.34 | -45% |
| Other Income | 247.86 | 295.40 | -16% |
| Total Income | 1,049.33 | 1,749.74 | -40% |
| Profit Before Tax | 154.90 | 238.45 | -35% |
| Net Profit After Tax | 135.05 | 183.16 | -26% |
Total expenses for the standalone entity decreased to ₹894.43 lakh from ₹1,511.29 lakh in Q1FY26, largely reflecting the lower scale of trading activities. Finance costs rose to ₹61.88 lakh from ₹34.13 lakh, while employee benefits increased to ₹20.55 lakh from ₹15.91 lakh.
What the Numbers Show
A significant divergence exists between operating performance and total profitability. While segment results before interest and tax declined to ₹24.93 lakh from ₹47.89 lakh in Q1FY26, other unallocable income—primarily comprising investment returns—stood at ₹191.85 lakh. This non-operating income constituted approximately 72% of the total pre-tax profit, highlighting the company’s heavy reliance on investment gains rather than core operational cash flows during this period.
Consolidated View and Discontinued Operations
On a consolidated basis, continuing operations generated a profit after tax of ₹38.30 lakh, reversing the loss of ₹49.44 lakh seen in the preceding quarter. However, discontinued operations related to the paper division resulted in a loss of ₹8.25 lakh for the quarter, compared to a loss of ₹15.59 lakh in Q1FY26. The subsidiary Shree Rama Newsprint Limited had recognized an impairment loss of ₹278.43 lakh on these assets in FY26.
Corporate Developments
During the quarter, the company achieved the minimum public shareholding requirement following an offer for sale by Vital Connections LLP, a promoter group member. The divestment of 8,23,422 equity shares reduced promoter holding to 75.00% and increased public shareholding to 25.00%. A six-month restraint period commenced on June 24, 2026.
Additionally, the Board approved a resolution to avail financial facilities by way of borrowing from Bluecraft Agro Private Limited, a related party, for an aggregate amount not exceeding ₹200 crore. This facility is subject to shareholder approval at the ensuing annual general meeting.
The company also completed the acquisition of assets from Cargill India Private Limited’s starch division in April 2026 and acquired a 26% partnership interest in Clean Max Pluto Solar Power LLP. These additions are beginning to reflect in the current quarter’s expenses as the company seeks regulatory approvals for manufacturing activities.
Historical Stock Returns for Riddhi Siddhi Gluco Biols
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.55% | -0.78% | +3.97% | +53.94% | +35.35% | +125.79% |
How will the proposed ₹200 crore related-party borrowing from Bluecraft Agro impact the company's debt-to-equity ratio and future interest coverage ratios?
What is the projected timeline for the Cargill starch assets to achieve commercial viability and contribute significantly to revenue growth?
Will the recent acquisition of a 26% stake in Clean Max Pluto Solar Power LLP accelerate the company's transition away from its declining trading business?
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