Riba Textiles Limited reported a 13.40% year-on-year decline in revenue for FY 2025-26, primarily attributed to adverse tariff measures in key export markets and geopolitical conflicts impacting shipping. Despite these challenges, the company maintained operational efficiency, achieving a net profit of ₹812.63 lakh, a slight decrease from the previous year. The annual general meeting also saw the approval for the re-appointment of key management personnel.
Financial Performance Review
Riba Textiles Limited witnessed a revenue decline of 13.40% in the financial year ended March 31, 2026. This downturn was largely influenced by adverse tariff measures in major export markets and disruptions caused by the Iran-USA conflict, which affected shipping routes and the timely execution of export orders. Despite the revenue pressure, the company maintained strong operational efficiency and prudent financial management, resulting in a net profit of ₹812.63 lakh. This marks a slight decrease compared to the ₹849.96 lakh profit recorded in the previous financial year.
Business Overview and Profitability
The company’s profitability reflects disciplined cost control, improved productivity, and a steadfast focus on sustainable operations. The resilience shown in maintaining profitability amidst external challenges highlights the company’s strategic approach to navigating a complex global economic environment.
Corporate Governance and Reappointments
During the year, the Board of Directors approved key reappointments. Mr. Nitin Garg was re-appointed as a Whole-time Director for a period of 3 years. Additionally, Mr. Amit Garg was re-appointed as Managing Director for a period of 3 years, and Mr. Shyam Sunder Miglani was re-appointed as an Independent Director for his second term of five consecutive years. These decisions underscore the company’s commitment to continuity in leadership and leveraging the experience of its key management personnel.
Key Financial Highlights
The company’s financial performance for the year ended March 31, 2026, showed revenue from operations at ₹25537.89 lakh, with a total expense of ₹24573.71 lakh. Profit before tax stood at ₹1071.89 lakh, and profit after tax was ₹812.63 lakh. Earnings per share were reported at ₹8.42.
Segment and Geographical Information
The company operates in a single operating segment: the manufacturing of Terry Towels, Bath Mats, and other Textiles Items. Geographically, sales to customers located outside India accounted for the majority of the revenue, with ₹22848.38 lakh in the overseas segment compared to ₹2689.51 lakh in the domestic segment for the year ended March 31, 2026.
Source: BSE
