Riba Textiles Limited has announced its unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The company reported a net profit of ₹302.60 lakh for the quarter, a significant increase compared to the previous year. The results also highlight changes in senior management, including the resignation of the Chief Financial Officer and the appointment of a new CFO. Total income for the quarter stood at ₹8612.42 lakh.
Riba Textiles Announces Q2 FY27 Financials and Leadership Changes
Riba Textiles Limited has disclosed its unaudited standalone financial results for the quarter and half-year concluding on September 30, 2026. The Board of Directors, in a meeting held on November 10, 2026, reviewed and approved these results. The company reported a total income of ₹8612.42 lakh for the quarter ended September 30, 2026, with a profit before tax of ₹379.91 lakh. The net profit for the quarter was ₹302.60 lakh.
Key Financial Highlights
For the half-year ended September 30, 2026, Riba Textiles generated a total income of ₹12568.09 lakh. The profit before tax for the same period amounted to ₹436.04 lakh, leading to a net profit of ₹345.98 lakh. The company’s earnings per equity share (basic and diluted) for the quarter were ₹3.13.
Leadership Transitions
In addition to the financial results, the Board noted the resignation of Mr. Rajnish Mittal from the position of Chief Financial Officer, effective November 10, 2026. Subsequently, upon the recommendation of the Nomination and Remuneration Committee and review by the Audit Committee, Mr. Balkishan Bagla was appointed as the new Chief Financial Officer, effective November 11, 2026. Mr. Bagla brings over 19 years of experience in corporate finance and accounting to the role.
Statement of Assets and Liabilities
As at September 30, 2026, Riba Textiles reported total assets of ₹24413.14 lakh and total equity and liabilities of the same amount. Non-current assets stood at ₹12803.32 lakh, primarily comprising Property, Plant and Equipment. Current assets were ₹11609.82 lakh, with inventories amounting to ₹6010.14 lakh and trade receivables at ₹3500.36 lakh. Total equity was ₹10948.25 lakh, with Equity Share Capital at ₹965.29 lakh.
Cash Flow Statement Summary
The unaudited cash flow statement for the half-year ended September 30, 2026, shows a net cash outflow from operating activities of ₹67.81 lakh. Investing activities resulted in a net cash outflow of ₹1372.77 lakh, largely due to purchases of property, plant, and equipment. Financing activities provided a net cash inflow of ₹1308.40 lakh, primarily from borrowings. The net decrease in cash and cash equivalents for the period was ₹132.18 lakh.
Source: BSE
