Riddhi Steel & Tube Limited , a manufacturer of iron and steel products, has announced its financial results for the half year ended September 30, 2025, showcasing significant growth in profitability despite a slight dip in revenue.

Financial Highlights

The company reported a robust 80.78% year-on-year increase in net profit, rising to Rs. 608.39 lakhs for the half year ended September 30, 2025, compared to Rs. 336.54 lakhs in the corresponding period of the previous year. This substantial growth in profitability comes alongside a 59.64% increase in revenue from operations, which stood at Rs. 24,679.87 lakhs, up from Rs. 15,459.31 lakhs in H1 FY2025.

Operational Performance

The significant improvement in profitability can be attributed to better operational efficiency and cost management. The company's total expenses increased at a slower rate than revenue, growing by 57.37% year-on-year to Rs. 23,889.85 lakhs.

Balance Sheet Strength

As of September 30, 2025, Riddhi Steel & Tube Limited's balance sheet showed total assets of Rs. 21,539.21 lakhs, reflecting a growth from Rs. 20,091.62 lakhs as of March 31, 2025. The company's net worth improved to Rs. 6,818.24 lakhs, with reserves and surplus increasing to Rs. 5,989.21 lakhs from Rs. 5,380.82 lakhs at the end of the previous fiscal year.

Liquidity Position

The company maintained a strong liquidity position with cash and cash equivalents increasing to Rs. 907.15 lakhs as of September 30, 2025, compared to Rs. 805.21 lakhs at the end of the previous fiscal year. This represents a 12.66% improvement in liquid assets, potentially providing the company with more flexibility for future investments or operational needs.

Market Outlook

Operating in the iron and steel products sector, Riddhi Steel & Tube Limited's performance may be indicative of broader trends in the industry. The significant growth in revenue suggests a strong demand for the company's products, which could be reflective of increased construction and infrastructure activities in the regions it serves.

Conclusion

Riddhi Steel & Tube Limited's financial results for H1 FY2026 demonstrate a company on a strong growth trajectory, with significant improvements in both top-line and bottom-line performance. The substantial increase in profitability, coupled with a strengthened balance sheet and improved liquidity position, positions the company well for future opportunities in the iron and steel products sector.

Riddhi Steel & Tube , a prominent player in the steel industry, has announced significant changes to its board structure and key committees. The company has restructured its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee following the resignation of two independent directors.

Board Resignations

Mr. Kirankumar Mushaddilal Agarwal (DIN: 08105221) and Mr. Saurin Shailesh Shah (DIN: 07438637) have stepped down from their positions as Non-Executive Independent Directors of the company, effective August 6, 2025. Both directors cited pre-occupation with other activities as the reason for their departure. The company's board has acknowledged their resignations and expressed appreciation for their contributions during their tenure.

Committee Restructuring

In light of these resignations, Riddhi Steel and Tube Limited has reconstituted its key committees as follows:

Audit Committee

• New Chairperson: Mr. Bhavinkumar Rajeshkumar Magnani
• Members: Mr. Vikas Vijay Meena and Mrs. Preeti Mittal

Nomination and Remuneration Committee

• New Chairperson: Mr. Bhavinkumar Rajeshkumar Magnani
• Members: Mr. Vikas Vijay Meena and Ms. Ishmeet Kaur Gurmeetsingh Kheda

Stakeholders Relationship Committee

• New Chairperson: Mr. Vikas Vijay Meena
• Members: Mrs. Preeti Mittal and Ms. Ishmeet Kaur Gurmeetsingh Kheda

These changes mark a significant shift from the previous committee compositions, which included Mr. Saurin Shah, Mrs. KiranKumar Aggrawal, and Mrs. Preeti Mittal across all three committees.

Implications and Compliance

The restructuring of these committees is in line with regulatory requirements and aims to ensure continued effective governance. Riddhi Steel and Tube Limited has promptly informed the Bombay Stock Exchange (BSE) of these changes, adhering to the disclosure norms under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's Managing Director, Mr. Rajeshkumar Ramkumar Mittal, confirmed that the board meeting to approve these changes was held on August 6, 2025, commencing at 4:00 PM and concluding at approximately 4:30 PM.

These organizational changes come as Riddhi Steel and Tube Limited continues to navigate the dynamic steel industry landscape. The new committee structures are expected to bring fresh perspectives and expertise to the company's governance framework.