Ridhi Synthetics Limited approved its unaudited financial results for the quarter ended June 30, 2026, alongside the Director's Report for the financial year ended March 31, 2026. The approvals were made during a Board of Directors meeting held on August 13, 2026, at the company's registered office in Mumbai.

The Board also resolved to convene the 45th Annual General Meeting (AGM) of the company. The meeting is scheduled to take place at the registered office located at 11-B, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai.

Key Outcomes

The Board meeting commenced at 2:30 pm and concluded at 3:10 pm. The primary agenda items included:

• Approval of the unaudited financial results for Q1FY27, which were subject to a limited review report issued by M/s. SVP & Associates.
• Adoption of the Director's Report for FY26.
• Decision to hold the 45th AGM at the registered office.

No specific financial figures such as revenue, net profit, or EBITDA were disclosed in the immediate outcome communication. Investors should refer to the detailed financial statements filed with the stock exchanges for comprehensive performance metrics.

Regulatory Filings

The company informed BSE Limited on August 17, 2026, that it had published newspaper advertisements regarding the unaudited financial results for the quarter ended June 30, 2026. The advertisements appeared in The Free Press Journal and Navshakti on August 14, 2026. Vishal Chaturvedi, Wholetime Director, signed the communication to the exchange.

Ridhi Synthetics reported a net profit of ₹30.06 lakh for the quarter ended June 30, 2026, marking a significant year-on-year increase from ₹8.55 lakh in Q1FY25. The company’s revenue from operations remained unchanged at ₹12.48 lakh compared to the previous year’s quarter, indicating that the profit growth was driven primarily by non-operating income rather than core business expansion.

The Board of Directors approved the unaudited financial results in a meeting held on August 13, 2026. The Statutory Auditor, SVP & Associates, issued an unmodified opinion on the results, confirming compliance with Ind AS and SEBI listing regulations.

Financial Performance Highlights

The company’s total income for the quarter stood at ₹57.89 lakh, up from ₹26.33 lakh in Q1FY25. This increase was largely attributable to a rise in other income, which grew to ₹45.41 lakh from ₹13.85 lakh in the same period last year. Revenue from operations remained stable at ₹12.48 lakh.

Expenses for the quarter totaled ₹18.00 lakh, an increase from ₹14.95 lakh in Q1FY25. Employee benefit expenses rose to ₹11.76 lakh from ₹9.94 lakh, while depreciation and amortization remained constant at ₹1.76 lakh. Other expenses increased slightly to ₹4.48 lakh from ₹3.25 lakh.

What the Numbers Show

The divergence between flat operating revenue and surging net profit highlights a heavy reliance on non-operating gains. Other income constituted approximately 78% of the total income for the quarter, compared to roughly 53% in Q1FY25. This shift suggests that the core operational profitability, which generated a pre-tax operating surplus of only ₹0.72 lakh (Revenue minus Operating Expenses), is negligible relative to the overall bottom line. Investors should note that the earnings quality is currently driven by external factors rather than operational efficiency or sales growth.

Comprehensive Income and Equity

Total comprehensive income for the quarter recorded a loss of ₹39.26 lakh, contrasting with the net profit after tax. This was due to a negative other comprehensive income (OCI) of ₹69.32 lakh, primarily stemming from items not reclassified to profit and loss, which amounted to (₹80.89 lakh) before tax effects. In comparison, Q1FY25 saw a positive OCI of ₹631.54 lakh, leading to a total comprehensive income of ₹640.09 lakh.

The paid-up equity share capital remained unchanged at ₹120.20 lakh. Earnings per share (basic and diluted) were reported at ₹2.50, up from ₹0.71 in the corresponding quarter of the previous fiscal year.