Outcome of Board meeting held on February 10, 2026
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The board of Rishiroop Ltd, at its meeting on February 10, 2026, approved the unaudited standalone financial results for the quarter ended December 31, 2025 and nine months FY26. Total revenue from operations for Q3 FY26 stood at Rs 1,533.25 lakhs, down about 13% sequentially from Rs 1,765.77 lakhs in Q2 FY26. For nine months FY26, revenue from operations was Rs 5,063.24 lakhs versus Rs 5,561.27 lakhs in the corresponding period last year, reflecting an ~9% year-on-year decline. Profit before tax for Q3 FY26 was Rs 403.12 lakhs, with net profit of about Rs 342.12 lakhs. The statutory auditor Jayesh Dadia & Associates LLP issued an unqualified limited review report. The company noted that the new Labour Codes notified in November 2025 have resulted in an additional gratuity and leave liability of Rs 12.01 lakhs as past service cost.
Revenue has weakened both quarter-on-quarter and year-on-year, signalling softness in the polymers business. However, the company remained profitable in Q3, and the unqualified auditor review provides assurance on the numbers. Investors should keep an eye on whether revenue stabilises and how the new Labour Code liabilities evolve in the coming quarters.