Outcome of Board meeting and submission of Audited Standalone financial Results for the Quarter and Financial Year ended 31.03.2026.
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Riba Textiles Limited reported audited standalone results for FY2026 ending March 31. Revenue from operations declined to Rs 25,537.89 Lakhs from Rs 29,585.89 Lakhs in FY2025, representing approximately 13.7% decline. Profit after tax fell to Rs 812.63 Lakhs from Rs 849.97 Lakhs in the previous year, a decline of about 4.4%. The company reported EBITDA of approximately Rs 2,367 Lakhs, suggesting a positive operating performance despite revenue decline. Finance costs increased to Rs 647.98 Lakhs from Rs 588.57 Lakhs. The company generated strong operating cash flow of Rs 2,808.13 Lakhs. Statutory auditors issued an unmodified opinion, and the company re-appointed M/s Midha & Associates as internal auditors for FY2026-27.
The revenue decline of nearly 14% is concerning and may negatively impact the stock. However, strong operating cash flows and maintained profitability provide some stability. The increase in borrowings warrants monitoring.