Rishiroop Limited Reports Mixed Q1 Results with Revenue Decline Offset by Investment Gains
Rishiroop, a polymers and compounds company, reported mixed Q1 results. Revenue from operations decreased to ₹1,436.11 lakhs from ₹1,874.84 lakhs year-over-year. However, total income rose to ₹2,666.07 lakhs from ₹2,128.65 lakhs, driven by substantial gains on fair valuation of investments. Net profit increased to ₹867.11 lakhs from ₹817.28 lakhs. The company renewed its office lease agreement with Rishiroop Polymers Private Limited for 11 months at ₹250,000 per month.