Riddhi Siddhi Gluco Biols Reports Mixed Q2 Results for FY2026

Riddhi Siddhi Gluco Biols Limited (RSGBL) has announced its unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2025. The company, which operates in wind energy generation and trading business segments, reported a mixed performance with growth in revenue but a decline in profit compared to the same period last year.

Key Financial Highlights (Standalone)

Particulars (₹ in lakhs)	Q2 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Revenue from Operations	2,527.18	3,990.02	17,070.60	4,278.93
Other Income	2,942.45	2,956.70	5,896.45	5,815.05
Total Income	5,469.63	6,946.72	22,967.05	10,093.98
Profit Before Tax	2,510.68	3,094.08	4,895.16	5,484.00
Profit After Tax	2,395.32	2,338.73	4,226.93	5,750.67

Operational Performance

The company's revenue from operations saw a significant increase in H1 FY2026, reaching ₹17,070.60 lakhs compared to ₹4,278.93 lakhs in H1 FY2025.
However, the quarterly revenue for Q2 FY2026 decreased to ₹2,527.18 lakhs from ₹3,990.02 lakhs in Q2 FY2025.
The profit after tax for Q2 FY2026 showed a slight improvement at ₹2,395.32 lakhs compared to ₹2,338.73 lakhs in Q2 FY2025.
For the half-year, profit after tax decreased to ₹4,226.93 lakhs from ₹5,750.67 lakhs in the previous year.

Segment Performance

Wind Energy Generation segment reported revenue of ₹1,225.23 lakhs for H1 FY2026.
Trading Business segment contributed ₹15,845.37 lakhs to the revenue for H1 FY2026.

Consolidated Results

On a consolidated basis, which includes the performance of its subsidiary Shree Rama Newsprint Limited, RSGBL reported:

Total income of ₹23,001.83 lakhs for H1 FY2026, up from ₹10,457.17 lakhs in H1 FY2025.
Profit after tax from continuing operations of ₹2,493.69 lakhs for H1 FY2026, compared to ₹4,135.42 lakhs in H1 FY2025.

Discontinued Operations

The company's subsidiary, Shree Rama Newsprint Limited, has classified its Paper Division as a discontinued operation. For H1 FY2026, the discontinued operations reported a loss of ₹314.40 lakhs.

Regulatory Matters

Riddhi Siddhi Gluco Biols is currently addressing several regulatory issues:

The company has filed an appeal with the Income Tax Appellate Tribunal, Ahmedabad, against additions made by the Assessing Officer amounting to ₹308 lakhs.
RSGBL is addressing SEBI orders related to penalties and compliance with Minimum Public Shareholding requirements.

The next hearing for the company's regulatory matters is scheduled for November 20, 2025.

Outlook

While Riddhi Siddhi Gluco Biols has shown strong revenue growth in its half-yearly results, the decline in profitability suggests challenges in maintaining margins. The company's performance in the wind energy and trading segments, along with the resolution of regulatory matters, will be crucial factors to watch in the coming quarters.

Investors and stakeholders should note that the company is navigating through regulatory challenges while managing its core operations and the discontinuation of its subsidiary's paper division.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.04%	+0.81%	-1.72%	-9.37%	-17.55%	+120.84%

Riddhi Siddhi Gluco Biols Limited (RSGBL) has announced robust financial results for the first quarter, alongside several significant board decisions. The company's board of directors approved these results and other key matters in a meeting held on August 13.

Financial Performance

RSGBL reported a substantial increase in revenue from operations, reaching ₹14,543.42 lakhs for the quarter, compared to ₹288.91 lakhs in the same quarter of the previous year. The company's profit after tax stood at ₹1,831.61 lakhs, marking a significant improvement from ₹3,411.94 lakhs in Q1 of the previous fiscal year.

Segment-wise Performance

The company's performance was notably strong in its Trading Business segment, which contributed ₹14,122.57 lakhs to the revenue. The Wind Energy Generation segment added ₹420.85 lakhs to the top line.

Board Reappointments

In a series of strategic moves, the board has approved several key reappointments:

Mr. Ganpatraj Chowdhary has been reappointed as Managing Director for a period of three years, from October 1 to September 30, subject to shareholder approval.
Mr. Siddharth Chowdhary has been reappointed as Whole-Time Director for the same period as Mr. Ganpatraj Chowdhary.
Mr. Mahendra Kumar Bhandari has been reappointed as an Independent Director for a second term of five consecutive years, from August 29 to August 28.

Other Key Decisions

The board has approved the continuation of Mr. Mahendra Kumar Bhandari as an Independent Director even after he attains the age of 75 years on November 29, subject to shareholder approval.
Mr. Kinjal Shah has been appointed as the Secretarial Auditor for a period of five financial years.
M/s. Deopura & Kabra, Chartered Accountants, have been appointed as Internal Auditors for the next financial year.

Annual General Meeting and Dividend

The company has scheduled its 34th Annual General Meeting for September 25. The board has fixed September 18 as the cut-off date for determining voting eligibility and as the record date for the final dividend for the financial year ended March 31.

Material Related Party Transactions

RSGBL's board has approved material related party transactions with its subsidiary, Shree Rama Newsprint Limited. These transactions involve loans, guarantees, or securities up to ₹50 crores, subject to shareholder approval at the upcoming AGM.

The company's strong financial performance and strategic board decisions indicate a positive outlook for Riddhi Siddhi Gluco Biols Limited in the coming quarters.