Approval of Unaudited Standalone & Consolidated Financial Results for the Quarter ended 30th June, 2026 pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
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Raideep Industries reported Q1 FY27 results with standalone revenue from operations of Rs 222.72 lakhs, down sharply from Rs 738.97 lakhs in Q1 FY26 — a roughly 70% year-on-year decline. Despite the steep revenue drop, standalone profit after tax improved to Rs 6.39 lakhs (vs Rs 4.11 lakhs) and EPS rose to Rs 0.12 (vs Rs 0.08). On a consolidated basis, net profit after including share of associates jumped to Rs 50.45 lakhs (vs Rs 31.01 lakhs), with consolidated EPS at Rs 0.92 versus Rs 0.56. The board also took on record the limited review reports from statutory auditor Montek S & Associates, which expressed an unmodified opinion on both standalone and consolidated results. Total financial indebtedness stands at zero.
Sharp revenue contraction is a red flag for the core business, but bottom-line growth (boosted by associate company profits) and a clean audit opinion provide some comfort. Investors should watch whether the revenue slump persists in coming quarters, as the profit growth is largely driven by associate income rather than standalone operations.