Rishi Techtex Limited reported a net profit of ₹90.21 lakh for the first quarter ended June 30, 2026, marking a 38% year-on-year increase from ₹65.43 lakh in the corresponding period of FY25. The Mumbai-based manufacturer of plastic bags and shade nets achieved this growth amid robust market demand, with revenue from operations jumping 56% to ₹4,731.08 lakh. This performance underscores the company’s improving operational efficiency and market penetration in its core business segment.

The Board of Directors approved the unaudited financial results at a meeting held on July 29, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and Amendment Rules, 2016. Statutory auditors HRK & Co., Chartered Accountants, conducted a limited review of the financial statements pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. C1R/CFD/CMD1/44/2019 dated March 29, 2019.

Financial Performance Highlights

Revenue from operations rose significantly to ₹4,731.08 lakh in Q1FY26, compared to ₹3,027.60 lakh in Q1FY25. Total income stood at ₹4,740.25 lakh, including other income of ₹9.17 lakh. Earnings per equity share (basic and diluted) increased to ₹1.22 from ₹0.89 in the previous year’s corresponding quarter. Profit before tax and exceptional items was ₹141.21 lakh, compared to ₹92.66 lakh in Q1FY25. Tax expense for the quarter was ₹51.00 lakh, comprising current tax only, as deferred taxation is accounted for at the year-end as per company practice.

There were no exceptional or extraordinary items, nor any discontinued operations during the period. The previous period's figures have been regrouped or rearranged wherever necessary.

What the Numbers Show

The disproportionate rise in revenue (+56%) compared to net profit (+38%) indicates that while top-line growth is robust, cost structures have expanded at a similar pace to sales. Cost of materials consumed increased to ₹3,630.66 lakh from ₹2,313.15 lakh, representing the largest component of total expenses. This suggests that input cost inflation or higher volume consumption is absorbing much of the revenue growth, keeping margin expansion modest despite significant sales gains. The company’s equity share capital remained stable at ₹739.10 lakh throughout the period.

Rishi Techtex Limited has disclosed its related party transactions for the half year ended March 31, 2026, detailing significant business dealings with Centennial Fabrics Limited and remuneration for its Key Managerial Personnel (KMP). The submission, made to the Bombay Stock Exchange, is in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing highlights that the company engaged in the purchase and sale of goods with an entity where its KMP and their relatives hold significant influence, alongside recording rent and salary payments to related individuals.

The primary transaction volume involved Centennial Fabrics Limited, an entity in which KMP and their relatives have significant influence. Rishi Techtex Limited reported purchases of goods worth ₹3,076.67 lakh during the reporting period against an approved value of ₹6,500.00 lakh. As of the reporting date, the closing balance of monies due from this counterparty stood at ₹850.52 lakh, down from an opening balance of ₹876.37 lakh. Conversely, sales of goods to the same entity amounted to ₹39.92 lakh during the period, with no outstanding balances recorded at the end.

Transactions with Key Managerial Personnel

The filing also outlines compensation and rent payments to individuals identified as KMP or their relatives. Smita Harshad Patel, a relative of a KMP, received rent payments totaling ₹1.80 lakh for the half year. The company recorded an opening balance of ₹1.80 lakh under this head, which was fully settled by the end of the period, resulting in a nil closing balance.

Remuneration was disclosed for three KMPs. Abhishek Harshad Patel received ₹82.17 lakh, while Jagdish Dokwal and Gauri Gangal received ₹10.87 lakh and ₹3.65 lakh respectively. No outstanding dues were reported against these remuneration payments at the close of the half year.

Summary of Related Party Transactions