Unaudited Financial Results for Quarter ended on 30.06.2025.
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Ridhi Synthetics reported Q1 FY26 results with revenue from operations of Rs. 12.48 lakh, up modestly from Rs. 10.85 lakh in Q1 FY25 (~15% growth). However, total income fell sharply to Rs. 26.33 lakh from Rs. 46.79 lakh last year, as other income dropped from Rs. 35.94 lakh to Rs. 13.85 lakh. Net profit after tax declined steeply to Rs. 8.55 lakh from Rs. 26.91 lakh in Q1 FY25 (-68%). Total comprehensive income surged to Rs. 640.09 lakh, driven by a Rs. 736.92 lakh gain in other comprehensive income (likely from fair-value changes in investments). EPS fell to Rs. 0.71 from Rs. 2.24. The statutory auditor (SVP & Associates) issued an unmodified review opinion.
Core operations remain tiny and barely profitable, with profit heavily dependent on volatile other income and mark-to-market gains — this raises concerns about earnings quality for shareholders. The sharp drop in PAT despite stable operational revenue signals weak underlying business momentum.