Rico Auto Industries Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
RICOAUTO · price
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Rico Auto Industries' board, meeting on August 12, 2025, approved unaudited Q1 FY26 results (quarter ended June 30, 2025). On a standalone basis, revenue from operations slipped marginally to Rs 387.88 crore (vs Rs 392.07 crore in Q1 FY25), but profit after tax rose about 32% YoY to Rs 4.54 crore, supported by lower raw material and other expenses. Consolidated results were stronger, with revenue at Rs 543.46 crore (vs Rs 539.67 crore) and PAT jumping from Rs 5.64 crore to Rs 16.72 crore, nearly threefold growth. An exceptional item of Rs 0.52 crore was recorded for a Voluntary Retirement Scheme. The NCLT's July 1, 2025 order approving the merger of Rico Fluidtronics Limited into Rico Jinfei Wheels Limited (appointed date April 1, 2023) was also noted, simplifying the group structure. Additionally, M/s. PG & Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to 2029-30), subject to shareholder approval.
Despite a small dip in standalone revenue, the sharp jump in consolidated profit signals improving operational efficiency and subsidiary-level performance, which is positive for shareholders. The completed subsidiary merger streamlines the group, while the clean limited review report from B S R & Co. LLP provides comfort on the numbers.