Ridhi Synthetics FY26 net profit falls to ₹80.42 lakh
Ridhi Synthetics reported a 25% decline in net profit to ₹80.42 lakh for FY26, despite a 15% rise in revenue from operations to ₹49.93 lakh. Total expenses increased, impacting the bottom line, while investments remained the dominant asset class on the balance sheet.
*this image is generated using AI for illustrative purposes only.
Ridhi Synthetics reported a net profit of ₹80.42 lakh for the financial year ended March 31, 2026, a decrease from ₹107.06 lakh in the previous year. The company's board approved the audited financial results during a meeting held on May 28, 2026. Revenue from operations for the year rose to ₹49.93 lakh from ₹43.41 lakh in FY25, while total income stood at ₹177.33 lakh compared to ₹206.46 lakh a year ago.
For the quarter ended March 31, 2026, the company recorded a net profit of ₹14.71 lakh, down from ₹16.56 lakh in the corresponding period of the previous year. Total income for Q4FY26 was ₹37.66 lakh. The statutory auditor, M/s. SVP & Associates, issued an audit report with an unmodified opinion on the results.
Financial Performance
The company's total expenses for FY26 increased to ₹71.06 lakh from ₹63.39 lakh in the prior year. Employee benefit expenses rose to ₹48.28 lakh from ₹40.34 lakh. The profit before tax for the year stood at ₹106.27 lakh, a decline from ₹143.07 lakh in FY25.
| Metric | FY26 (₹ in Lakh) | FY25 (₹ in Lakh) |
|---|---|---|
| Revenue from Operations | 49.93 | 43.41 |
| Total Income | 177.33 | 206.46 |
| Total Expenses | 71.06 | 63.39 |
| Profit Before Tax | 106.27 | 143.07 |
| Net Profit | 80.42 | 107.06 |
| Earnings Per Share (Basic) | 6.69 | 8.91 |
Balance Sheet Highlights
The company's total assets as of March 31, 2026, stood at ₹5,525.68 lakh, up from ₹5,316.47 lakh in the previous year. Investments constituted a significant portion of the assets, with non-current investments at ₹4,043.51 lakh and current investments at ₹1,107.69 lakh. Equity and liabilities increased to ₹5,525.68 lakh, driven primarily by other equity which rose to ₹5,055.48 lakh from ₹4,865.90 lakh.
The board meeting, which commenced at 2.30 pm and concluded at 3.15 pm, also reviewed the cash flow statement and related party transactions. The company reported no outstanding defaults on loans or debt securities.
Historical Stock Returns for Ridhi Synthetics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -100.00% |
What strategic measures will management implement to reverse the decline in net profit and profit before tax?
How does the company plan to manage the rising employee benefit expenses relative to operational revenue growth?
Will the significant allocation towards investments impact the company's liquidity or dividend policy in the coming year?
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