Rishiroop Limited Reports Mixed Q1 Results with Revenue Decline Offset by Investment Gains

Rishiroop , a polymers and compounds company, has reported mixed financial results for the first quarter, with a decline in operational revenue offset by significant investment gains.

Revenue and Income

The company's revenue from operations declined to ₹1,436.11 lakhs, down from ₹1,874.84 lakhs in the same quarter last year. However, total income increased to ₹2,666.07 lakhs from ₹2,128.65 lakhs, primarily driven by substantial gains on fair valuation of investments.

Profitability

Despite the decline in operational revenue, Rishiroop reported a net profit of ₹867.11 lakhs for the quarter, up from ₹817.28 lakhs in the corresponding period. This improvement in profitability can be attributed to the significant gains on fair valuation of investments, which amounted to ₹1,001.76 lakhs compared to ₹192.07 lakhs in the previous year.

Key Financial Highlights

Other Developments

The company has renewed its office lease agreement with promoter group entity Rishiroop Polymers Private Limited. The agreement, for 1,000 sq. ft. of office space in Mumbai, has been extended for 11 months until August 8, 2026, with the rent maintained at ₹250,000 per month.

While Rishiroop faces challenges in its operational revenue, the company's ability to generate significant investment gains has helped maintain overall profitability. The management's focus on cost control and strategic investments will be crucial for navigating the current market conditions in the Polymers & Compound sector.