Outcome of the Meeting of Board of Directors held on Thursday, 14th August, 2025
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The Board of Directors of Rishabh Digha Steel & Allied Products approved the standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) on August 14, 2025. The company reported zero revenue from operations, with the same nil figure in the corresponding quarter last year and the full FY25. Total income of Rs 30.58 lakhs came entirely from other income, slightly higher than Rs 25.95 lakhs in Q1 FY25. Total expenses dropped sharply to Rs 7.27 lakhs from Rs 17.91 lakhs a year ago, helping profit after tax more than double to Rs 17.22 lakhs (from Rs 8.04 lakhs). EPS rose to Rs 0.31 from Rs 0.15. Statutory auditor Bilimoria Mehta & Co. issued an unmodified limited review report.
Despite the sharp jump in PAT, the company continues to generate no revenue from its core steel business, with profits entirely dependent on other income (likely from investments). Shareholders should view the earnings growth cautiously given the lack of operating revenue and very small absolute base.