Rithwik Facility Management reports FY26 profit, declares dividend

Rithwik Facility Management Services Limited reported a net profit of ₹351.30 lakh for the financial year ended March 31, 2026, while revenue from operations stood at ₹4,018.31 lakh. The company's board has recommended a final dividend of Re.1 per equity share, which is subject to the approval of shareholders at the ensuing Annual General Meeting. The record date for the dividend distribution will be announced in due course.

The standalone audited financial statements for the half-year and year ended March 31, 2026, were approved by the Board during its meeting held on May 28, 2026. Kalyanasundaram & Associates, the statutory auditors, provided an unqualified opinion on the financial statements, confirming they give a true and fair view of the company's state of affairs. The auditors noted that the company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026, except for a matter discussed in an additional note.

Total income for the year rose to ₹4,076.01 lakh, compared to ₹4,272.09 lakh in the previous year. The company managed its expenses effectively, with total expenses for FY26 recorded at ₹3,604.26 lakh, a decrease from ₹3,796.14 lakh in FY25. Finance costs also reduced to ₹30.02 lakh from ₹42.25 lakh in the prior year. Earnings per share (EPS) for the year increased marginally to ₹11.48 from ₹11.44 in the previous year.

On the balance sheet front, the company's total assets stood at ₹3,479.70 lakh as of March 31, 2026, up from ₹3,304.49 lakh a year earlier. Shareholders' equity improved to ₹2,707.01 lakh from ₹2,386.31 lakh, driven by an increase in reserves and surplus to ₹2,401.01 lakh. Cash and cash equivalents surged to ₹804.73 lakh from ₹542.04 lakh, bolstered by strong cash flow from operating activities, which amounted to ₹305.74 lakh for the year.

The auditors' report highlighted certain statutory dues and contingent liabilities. Undisputed tax deductions at source (TDS) of ₹53,390 were outstanding for the financial year 2025-26. Additionally, the company is involved in disputes regarding Income Tax for Assessment Year 2017-18, amounting to ₹20,69,915, and Goods and Services Tax for FY 2017-18, amounting to ₹20,38,003. The company has preferred appeals against these demands, and the hearings are currently pending.

Financial Performance Summary

Metric	FY26 (₹ Lakh)	FY25 (₹ Lakh)
Revenue from Operations	4,018.31	4,246.93
Total Income	4,076.01	4,272.09
Total Expenses	3,604.26	3,796.14
Net Profit for the Year	351.30	350.08
Earnings Per Share (Basic)	11.48	11.44

Balance Sheet Highlights

Particulars	As at 31-Mar-26 (₹ Lakh)	As at 31-Mar-25 (₹ Lakh)
Total Assets	3,479.70	3,304.49
Shareholders' Funds	2,707.01	2,386.31
Cash and Cash Equivalents	804.73	542.04
Trade Receivables	299.50	401.53

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	-4.76%	+162.71%

Rithwik Facility Management Services Limited has announced that its board meeting is scheduled to be held on Thursday, May 28, 2026. The meeting will take place at the company's registered office to discuss key financial agenda items for the period ending March 31, 2026.

Agenda for the Meeting

The primary focus of the board meeting will be to consider and approve the audited financial results for the half-year and the full year ended March 31, 2026. The approval will include the auditors' report on the financial statements.

Furthermore, the directors will consider and recommend a final dividend for the financial year 2025-26, if any. Any dividend declared will be subject to the approval of the shareholders of the company.