Radix Industries (India) Limited , a company specializing in human hair processing, has reported a robust financial performance for the first quarter ended June 30, along with significant corporate developments.

Financial Performance

The company's unaudited financial results for Q1 show a notable improvement in both revenue and profitability:

Radix Industries witnessed a 15.28% year-on-year increase in revenue from operations, rising to ₹804.33 lakhs from ₹697.72 lakhs in the same quarter last year. The company's total income, including other income, grew by 17.17% to ₹817.92 lakhs.

Profitability also saw a significant boost, with net profit after tax increasing by 17.42% to ₹62.75 lakhs, compared to ₹53.44 lakhs in the corresponding quarter of the previous year.

Leadership Changes

The company announced key changes in its leadership:

1. P. Lenin Babu has resigned as Company Secretary and Compliance Officer, effective August 4, citing personal reasons.
2. K.S. Gaurav Tummala has been appointed as the new Company Secretary and Compliance Officer, starting August 5. Tummala is an Associate Member of the Institute of Company Secretaries of India with experience in corporate law and compliance matters.

US Subsidiary Incorporation

In a strategic move to expand its international presence, Radix Industries has approved the incorporation of a wholly-owned subsidiary in the United States. The new entity, to be named Radix Inc., will have an authorized and paid-up capital of $1,000 each. This subsidiary will focus on marketing, distribution, and sale of human hair-related products in the US market.

Other Corporate Developments

The board has recommended the appointment of M/s. P S Rao & Associates as the company's Secretarial Auditor for a five-year term. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Radix Industries continues to focus on its core business of human hair processing, which remains its only reportable segment as per Ind AS 108 "Operating Segment".

The company's board meeting, which concluded these decisions, was held on August 4, at its registered office in Chivatam, Tanuku.

These developments, particularly the strong Q1 performance and the strategic expansion into the US market, indicate Radix Industries' commitment to growth and international market penetration in the human hair products industry.

Radix Industries (India) Limited , a key player in the human hair processing industry, has reported a robust performance for the first quarter ended June 30, 2025, alongside significant corporate developments.

Financial Highlights

The company's unaudited financial results for Q1 FY2026 show a notable year-on-year growth:

Radix Industries witnessed a 15.28% increase in revenue from operations, rising to ₹804.33 lakhs from ₹697.72 lakhs in the same quarter of the previous year. The company's total income saw a 17.17% growth, reaching ₹817.92 lakhs. Notably, the net profit after tax climbed to ₹62.75 lakhs, marking a 17.42% increase from the ₹53.44 lakhs reported in Q1 FY2025.

Corporate Updates

The Board of Directors, in their meeting held on August 4, 2025, approved several key decisions:

Leadership Change

The company accepted the resignation of P. Lenin Babu as Company Secretary and Compliance Officer, effective August 4, 2025. K.S. Gaurav Tummala has been appointed to this role starting August 5, 2025. Tummala, an Associate Member of the Institute of Company Secretaries of India, brings experience in handling matters related to the Companies Act, Listing Regulations, and allied laws.

US Subsidiary

In a strategic move to expand its global footprint, Radix Industries has approved the incorporation of a wholly-owned subsidiary in the United States. The new entity, tentatively named Radix Inc., will focus on marketing, distribution, and sale of human hair-related products in the US market.

Secretarial Auditor Appointment

The Board has recommended the appointment of M/s. P S Rao & Associates as the company's secretarial auditor for a five-year term, subject to shareholder approval at the upcoming Annual General Meeting. P S Rao & Associates is a Hyderabad-based firm with over 30 years of experience in corporate secretarial services.

Operational Insights

Radix Industries continues to focus primarily on human hair processing, which remains its sole reportable segment. The company's cost of materials consumed for the quarter stood at ₹443.44 lakhs, while purchases of stock-in-trade were ₹227.06 lakhs.

The earnings per share (EPS) for the quarter improved to ₹0.42, compared to ₹0.36 in the same period last year, reflecting the company's enhanced profitability.

These results and corporate actions underscore Radix Industries' commitment to growth and operational efficiency in the human hair processing sector, while also setting the stage for potential international expansion through its planned US subsidiary.