Riba Textiles Limited announced the outcome of its Board Meeting held on November 10, 2026, detailing the approval of the unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The company reported a profit of ₹302.60 Lacs for the quarter and ₹345.98 Lacs for the half-year. Additionally, the board noted the resignation of Mr. Rajnish Mittal as CFO and approved the appointment of Mr. Balkishan Bagla as the new Chief Financial Officer, effective November 11, 2026.
Riba Textiles Approves Q2 FY27 Financials and Leadership Changes
Riba Textiles Limited has disclosed the outcome of its Board of Directors’ meeting held on November 10, 2026. During the meeting, the board reviewed and approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The company also received a Limited Review Report on these results from its statutory auditors, Ashwani K. Sindwani & Co.
Financial Highlights
For the quarter ended September 30, 2026, Riba Textiles reported a net profit of ₹302.60 Lacs. The total comprehensive income for the same period stood at ₹302.60 Lacs. For the half-year ended September 30, 2026, the net profit was ₹345.98 Lacs, with total comprehensive income also at ₹345.98 Lacs.
Leadership Transitions
The board also noted and accepted the resignation of Mr. Rajnish Mittal from his position as Chief Financial Officer, effective November 10, 2026. Following this, and on the recommendation of the Nomination and Remuneration Committee and Audit Committee, Mr. Balkishan Bagla has been appointed as the new Chief Financial Officer, with his tenure commencing on November 11, 2026. Mr. Bagla brings over 19 years of experience in corporate finance and financial accounting.
Key Financial Data (in Lacs)
Quarter Ended September 30, 2026:
- Total Income: ₹8612.42
- Total Expenses: ₹8256.29
- Profit Before Tax: ₹379.91
- Profit After Tax (Net Profit): ₹302.60
Half Year Ended September 30, 2026:
- Total Income: ₹12568.09
- Total Expenses: ₹12132.05
- Profit Before Tax: ₹436.04
- Profit After Tax (Net Profit): ₹345.98
Source: BSE
