Ritesh International Limited , a key player in the non-edible oils segment, has reported a significant upturn in its financial performance for the second quarter of fiscal year 2026. The company's unaudited financial results, approved by the Board of Directors on November 10, 2025, reveal a substantial increase in profitability and robust revenue growth.

Financial Highlights

Quarterly Performance

Ritesh International has demonstrated a remarkable improvement in its quarterly performance. The company's net profit for Q2 FY2026 stood at ₹106.07 lakhs, marking a substantial 182% increase from the previous quarter's ₹37.55 lakhs. This growth is even more pronounced when compared to the same quarter of the previous fiscal year, showing a 340% year-on-year increase from ₹24.11 lakhs in Q2 FY2025.

Revenue Growth

The company's revenue from operations also showed strong growth, reaching ₹3,874.15 lakhs in Q2 FY2026. This represents a 10.5% increase from the previous quarter and a 49.5% rise compared to the same period last year.

Half-Yearly Performance

For the first half of FY2026, Ritesh International reported a total revenue from operations of ₹7,378.88 lakhs. The company's net profit for this six-month period reached ₹143.62 lakhs, indicating a solid start to the fiscal year.

Operational Efficiency

The significant increase in profitability, outpacing revenue growth, suggests improved operational efficiency and cost management. The company's ability to expand its profit margins in a challenging economic environment is noteworthy.

Balance Sheet Strength

As of September 30, 2025, Ritesh International reported total assets of ₹4,157.71 lakhs, up from ₹3,806.01 lakhs at the end of the previous fiscal year. The company's equity position also strengthened, with total equity increasing to ₹2,402.77 lakhs from ₹2,261.65 lakhs.

Cash Flow Position

The company's cash and cash equivalents improved to ₹28.05 lakhs as of September 30, 2025, compared to ₹22.37 lakhs at the beginning of the fiscal year, indicating a positive cash flow generation during the period.

Auditor's Review

M/s Ashok Shashi & Co., the statutory auditors, conducted a limited review of the financial results and provided an unqualified review report, lending credibility to the reported figures.

Ritesh International's impressive Q2 results demonstrate the company's resilience and growth potential in the non-edible oils market. The company's performance in the coming quarters will be closely watched to see if this growth trajectory can be maintained.

Ritesh International Limited , a Punjab-based company, recently held an Extra-Ordinary General Meeting (EGM) where shareholders approved a significant corporate action. The meeting, which took place on October 30, 2025, saw the passage of a special resolution for the issuance of equity shares on a preferential basis.

Key Meeting Details

The EGM was conducted with both electronic and physical voting facilities:

• E-voting Period: October 27-29, 2025
• Physical Voting: Available at the EGM venue
• Meeting Date: October 30, 2025
• Venue: Momnabad Road, Village Akbarpura, (Ahmedgarh) District Sangrur, Punjab
• Record Date: October 24, 2025

Shareholder Participation

The company reported a total of 13,894 shareholders on the record date, with the following breakdown of attendance at the EGM:

Voting Results

The special resolution for the issuance of equity shares on a preferential basis was passed with the requisite majority. Here's a summary of the voting results:

The voting process was overseen by Mr. Ansh Bhambri, a Practicing Company Secretary, who was appointed as the scrutinizer for both e-voting and physical ballot/poll conducted at the EGM.

Disclosure and Reporting

Following the meeting, Ritesh International Limited promptly communicated the voting results to BSE Limited on November 3, 2025, in compliance with regulatory requirements. The company's Wholetime Director, Rijul Arora, signed off on the official declaration of results.

This corporate action signifies a strategic move by Ritesh International Limited, potentially aimed at raising capital or facilitating other corporate objectives. Shareholders and market observers will likely be keen to see how this preferential issue of equity shares impacts the company's capital structure and future plans.