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Ritesh International Q2 FY27 results: net profit up 190.6% to ₹3.08 crore, revenue up 81.6%
Ritesh International Ltd reported standalone Q2 FY27 revenue of ₹70.34 crore, up 81.6% from Q2 FY26, while net profit rose to ₹3.08 crore from ₹1.06 crore. EBITDA increased to ₹4.64 crore and the margin widened to 6.6% from 5.1%, while basic EPS rose to ₹3.28 from ₹1.24.
Key points
- Q2 FY27 revenue was ₹70.34 crore, up 81.6% from ₹38.74 crore in Q2 FY26.
- EBITDA was ₹4.64 crore in Q2 FY27, up 134.3% from ₹1.98 crore, with margin at 6.6%.
- Net profit was ₹3.08 crore in Q2 FY27, up 190.6% from ₹1.06 crore in Q2 FY26.
- Basic EPS rose to ₹3.28 from ₹1.24 year on year; against Q1 FY27, revenue was ₹70.34 crore versus ₹50.54 crore.
- H1 FY27 revenue was ₹120.88 crore, while net profit was ₹4.82 crore and basic EPS was ₹5.14.
How did Ritesh International perform in Q2 FY27?
Ritesh International reported standalone revenue of ₹70.34 crore for Q2 FY27, up ₹31.60 crore or 81.6% from ₹38.74 crore in Q2 FY26. Against Q1 FY27, revenue was up ₹19.80 crore or 39.2% from ₹50.54 crore. Total income was ₹70.33 crore, compared with ₹38.75 crore in the year-ago quarter and ₹50.56 crore in the previous quarter.
EBITDA rose to ₹4.64 crore from ₹1.98 crore in Q2 FY26 and ₹2.84 crore in Q1 FY27. The EBITDA margin increased to 6.6% from 5.1% year on year and 5.6% sequentially. Profit before tax was ₹4.09 crore, versus ₹1.34 crore a year earlier and ₹2.34 crore in Q1 FY27.
Net profit for Q2 FY27 was ₹3.08 crore, up ₹2.02 crore or 190.6% from ₹1.06 crore in Q2 FY26 and ₹1.34 crore or 77.0% from ₹1.74 crore in Q1 FY27. Basic EPS was ₹3.28, compared with ₹1.24 in Q2 FY26 and ₹1.86 in Q1 FY27. The results are standalone; no consolidated figures are given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 70.34 | 50.54 | 38.74 | +81.6% | +39.2% |
| Other income | −0.01 | 0.02 | 0.01 | ||
| Total expenses | 66.24 | 48.20 | 37.20 | +78.1% | +37.4% |
| EBITDA | 4.64 | 2.84 | 1.98 | +134.3% | +63.4% |
| EBITDA margin | 6.6% | 5.6% | 5.1% | +1.5 pp | +1.0 pp |
| Profit before tax | 4.09 | 2.34 | 1.34 | +205.2% | +74.8% |
| Tax | 1.01 | 0.60 | 0.28 | +260.7% | +68.3% |
| Net profit | 3.08 | 1.74 | 1.06 | +190.6% | +77.0% |
| EPS (₹) | 3.28 | 1.86 | 1.24 | +164.5% | +76.3% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Ritesh International's costs and profit?
Total expenses increased by ₹29.04 crore to ₹66.24 crore in Q2 FY26 comparison. Cost of materials was higher by ₹24.91 crore at ₹56.05 crore, while other expenses rose by ₹5.67 crore to ₹10.80 crore, employee cost by ₹0.13 crore to ₹1.28 crore, finance costs by ₹0.06 crore to ₹0.28 crore and depreciation by ₹0.04 crore to ₹0.25 crore.
Other income was ₹0.01 crore in Q2 FY27, down ₹0.02 crore from ₹0.01 crore in Q2 FY26. There was no exceptional item in the quarter, compared with an exceptional charge of ₹0.22 crore in Q2 FY26. Profit before tax increased by ₹2.75 crore to ₹4.09 crore from ₹1.34 crore.
Tax expense was ₹1.01 crore, up ₹0.73 crore or 260.7% from ₹0.28 crore in the year-ago quarter. Net profit consequently increased by ₹2.02 crore to ₹3.08 crore from ₹1.06 crore. The filing does not state why the cost lines, other income, tax or exceptional items changed.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 56.05 | 31.14 | +24.91 | +80.0% |
| Employee cost | 1.28 | 1.15 | +0.13 | +11.3% |
| Finance costs | 0.28 | 0.22 | +0.06 | +27.3% |
| Depreciation | 0.25 | 0.21 | +0.04 | +19.0% |
| Other expenses | 10.80 | 5.13 | +5.67 | +110.5% |
| Total expenses | 66.24 | 37.20 | +29.04 | +78.1% |
| Other income | −0.01 | 0.01 | −0.02 | |
| Tax | 1.01 | 0.28 | +0.73 | +260.7% |
| Exceptional items | none | −0.22 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Ritesh International reported revenue of ₹120.88 crore, up ₹47.09 crore or 63.8% from ₹73.79 crore in H1 FY26. Total income was ₹120.89 crore, compared with ₹73.8 crore in the previous first half.
H1 FY27 profit before tax was ₹6.43 crore, up ₹4.62 crore or 255.2% from ₹1.81 crore, while net profit rose by ₹3.38 crore or 234.7% to ₹4.82 crore from ₹1.44 crore. Basic EPS increased by ₹3.46 to ₹5.14 from ₹1.68. These figures are on a standalone basis.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 120.88 | 73.79 | +63.8% |
| Profit before tax | 6.43 | 1.81 | +255.2% |
| Net profit | 4.82 | 1.44 | +234.7% |
| EPS (₹) | 5.14 | 1.68 | +206.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹62.13 crore, compared with ₹47.92 crore at 31 March 2026. Total equity was ₹34.79 crore against ₹29.97 crore, while borrowings increased to ₹16.37 crore from ₹8.92 crore. Cash and cash equivalents fell to ₹0.37 crore from ₹1.28 crore.
Inventories were ₹27.2 crore at the end of Q2 FY27, against ₹17.57 crore at 31 March 2026. Trade receivables increased to ₹7.5 crore from ₹5.98 crore, and trade payables rose to ₹4.46 crore from ₹4.24 crore. The balance-sheet date comparison is with the audited figures at 31 March 2026.
For H1 FY27, net cash from operating activities was ₹0.65 crore, compared with ₹3.31 crore in H1 FY26. Investing cash flow was negative ₹2.05 crore against negative ₹3.7 crore, while financing cash flow was ₹0.49 crore against ₹0.45 crore. Capital expenditure was ₹2.08 crore, compared with ₹3.86 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 62.13 | 47.92 |
| Total equity | 34.79 | 29.97 |
| Borrowings | 16.37 | 8.92 |
| Cash and equivalents | 0.37 | 1.28 |
| Inventories | 27.20 | 17.57 |
| Trade receivables | 7.50 | 5.98 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.65 | 3.31 |
| Cash from investing | −2.05 | −3.70 |
| Cash from financing | 0.49 | 0.45 |
| Capital expenditure | 2.08 | 3.86 |
Source: Company's results filing (XBRL).
How has Ritesh International done over the last 8 quarters?
Revenue rose year on year in each of the last eight quarters. In the latest sequence, revenue increased from ₹35.05 crore in Q1 FY26 to ₹70.34 crore in Q2 FY27, after reaching ₹48.75 crore in Q4 FY26 and ₹50.54 crore in Q1 FY27.
Net profit has risen year on year in each of the last two quarters. It increased from ₹1.06 crore in Q2 FY26 to ₹1.19 crore in Q3 FY26, before moving to ₹1.74 crore in Q1 FY27 and ₹3.08 crore in Q2 FY27.
The EBITDA margin bottomed at 2.8% in Q1 FY26 and peaked at 8.2% in Q4 FY25. It was 6.6% in Q2 FY27, up from 5.6% in Q1 FY27. Revenue also rose sequentially from ₹50.54 crore to ₹70.34 crore and profit from ₹1.74 crore to ₹3.08 crore in the latest quarter.
How did Ritesh International shares react?
The filing appeared in the market on 21 October 2026. Ritesh International was up 1.5% after five minutes and 1.5% after 15 minutes, then 1.1% after 30 minutes. From the previous close of ₹90.15, the reaction-day close was up 6.5%, with a reference price of ₹94.87.
By the next day's close, the stock was up 1.0% from its pre-results close, while the Commodity Chemicals industry median moved down 4.4%. The stock therefore outperformed the industry by 5.3 percentage points on the next day. By the fifth-session close, it was down 2.9% from the pre-results close, versus a 6.2% fall for the industry median.
Earlier reaction-day moves were mixed: up 0.5% on 27 July 2026, up 20.0% on 21 May 2026, down 2.1% on 30 January 2026 and up 4.7% on 10 November 2025. Previously, the stock had moved down 4.8% on 7 August 2025, up 11.4% on 21 May 2025, up 10.8% on 9 August 2024 and down 0.9% on 30 May 2024.
| After the filing | Stock | Commodity Chemicals median |
|---|---|---|
| 5 minutes | +1.5% | |
| 15 minutes | +1.5% | |
| 30 minutes | +1.1% | |
| Reaction day | +6.5% | −3.8% |
| Next day | +1.0% | −4.4% |
| 5 days | −2.9% | −6.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 27 July 2026 | +0.5% |
| 21 May 2026 | +20.0% |
| 30 January 2026 | −2.1% |
| 10 November 2025 | +4.7% |
| 7 August 2025 | −4.8% |
| 21 May 2025 | +11.4% |
| 9 August 2024 | +10.8% |
| 30 May 2024 | −0.9% |
Source: MarketPing price-reaction measurement.
How did other Commodity Chemicals companies do?
Among 15 other Commodity Chemicals companies compared for the quarter, the median revenue growth was 17.3%. Of the peer revenue-growth comparisons, 14 companies grew slower than Ritesh International and one grew faster, based on the company’s revenue growth of 81.6%.
Profit increased for 13 of 18 peers whose profit was compared. The peer data was recorded as of 4 November 2026 and excludes Ritesh International from the peer group.
| Ritesh International revenue growth (YoY) | +81.6% |
|---|---|
| Median of 15 other Commodity Chemicals companies | +17.3% |
| Companies with slower revenue growth than Ritesh International | 14 of 15 |
| Companies with faster revenue growth than Ritesh International | 1 of 15 |
| Companies whose net profit rose | 13 of 18 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Ritesh International's revenue in Q2 FY27?
Revenue from operations was ₹70.34 crore, up 81.6% from ₹38.74 crore in Q2 FY26 (standalone).
Did Ritesh International make a profit in Q2 FY27?
Yes. Net profit was ₹3.08 crore, against a net profit of ₹1.06 crore in Q2 FY26.
What was Ritesh International's EPS in Q2 FY27?
Basic earnings per share were ₹3.28, against ₹1.24 in Q2 FY26.
How did Ritesh International shares react to the Q2 FY27 results?
On the reaction day the stock moved +6.5% from the previous close; the median Commodity Chemicals stock moved −3.8%.
When did Ritesh International announce its Q2 FY27 results?
On 21 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 21.10.2026 (BSE, 14 October 2026) · PDF
- Financial Results For The Quarter Ended 30.09.2026 (BSE, 21 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On 21.10.2026 (BSE, 21 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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