Ridhi Synthetics Q1 Results: Net profit jumps 251% YoY to ₹30 lakh
Ridhi Synthetics posted a net profit of ₹30.06 lakh in Q1FY27, up 251% YoY, driven by a spike in other income to ₹45.41 lakh. Operating revenue stayed flat at ₹12.48 lakh. Total comprehensive income turned negative at -₹39.26 lakh due to OCI adjustments.
*this image is generated using AI for illustrative purposes only.
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.
| Metric | Q1FY27 (₹ Lakh) | Q1FY26 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 12.48 | 12.48 | 0% |
| Other Income | 45.41 | 13.85 | +228% |
| Total Income | 57.89 | 26.33 | +120% |
| Total Expenses | 18.00 | 14.95 | +20% |
| Net Profit After Tax | 30.06 | 8.55 | +251% |
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.
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 specific components drove the 228% surge in other income, and are these gains likely to be recurring or one-time events?
How does the company plan to address the stagnation in operating revenue to ensure sustainable core business growth?
What factors contributed to the significant negative Other Comprehensive Income (OCI) of ₹69.32 lakh, and how might this impact future equity valuation?
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