Outcome of Board meeting
Price
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Awaiting price reaction for this filing.
Riba Textiles Ltd's board, at its meeting on August 12, 2025, approved the unaudited standalone financial results for the quarter ended June 30, 2025 (Q1 FY26), along with the limited review report from statutory auditors Ashwani K. Sindwani & Co. Total revenue for the quarter stood at ₹5,121.24 lakhs, down about 16% from ₹6,087.45 lakhs in Q1 FY25. Revenue from operations fell to ₹5,025.44 lakhs versus ₹6,070.22 lakhs a year ago. Net profit came in at ₹72.19 lakhs, a sharp drop of roughly 36% from ₹113.39 lakhs in the year-ago quarter. EPS for the quarter was ₹0.75, down from ₹1.17 in Q1 FY25. Compared to the preceding quarter (Q4 FY25), both revenue and profit also declined significantly. The company continues to operate in a single segment — manufacturing of terry towels.
Short-term negative sentiment likely as both revenue and profit declined sharply year-on-year and sequentially, though the auditor issued an unqualified limited review report with no qualifications.