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.

Ridhi Synthetics Limited has appointed Mr. Ashish Rameshwar Agarwal as an Independent Director following the approval of shareholders at its Extra-Ordinary General Meeting (EGM) held on June 24, 2026. The resolution to appoint Mr. Agarwal (DIN: 11385082) was passed with a requisite majority, receiving 100% of the votes polled. The appointment strengthens the company's board governance structure as it moves forward with its strategic objectives.

The EGM was convened at the Registered Office of the company in Mumbai. The meeting commenced at 3:00 p.m. and concluded at 3:20 p.m. IST. Mr. Vishal Chaturvedi, Whole-Time Director and Chairperson, presided over the proceedings. The voting process was conducted via remote e-voting and polling on the day of the meeting, overseen by Mr. Hitesh J. Gupta, a Practising Company Secretary appointed as the Scrutinizer.

Remote e-voting facilities were provided to members in compliance with the Companies Act, 2013. The e-voting period was open from June 21, 2026, to June 23, 2026. Shareholders as on the cut-off date of June 16, 2026, were entitled to vote on the resolutions. The results were declared on June 25, 2026, and communicated to the stock exchange.

Voting Results Summary

Key Attendees