Rajkot Investment Trust revenue rises 244% in September quarter

Rajkot Investment Trust Limited reported revenue from operations of Rs 13.74 lakh for the quarter ended September 30, 2026, a 243.5% increase from Rs 4 lakh a year earlier, while net profit rose 15.5% to Rs 9.45 lakh as finance costs reached Rs 5.51 lakh.

Why did Rajkot Investment Trust's September-quarter revenue increase?

Rajkot Investment Trust's revenue from operations increased by Rs 9.74 lakh year-on-year to Rs 13.74 lakh in the three months ended September 30, 2026, from Rs 4 lakh in the corresponding quarter of 2025. The September 2026 figure was 3.44 times the previous-year amount, meaning operating revenue more than tripled.

Revenue from operations was lower than the Rs 22.18 lakh reported in the preceding June 2026 quarter. The quarter-on-quarter decline of Rs 8.44 lakh meant that the six-month operating-revenue total reached Rs 35.92 lakh for the period ended September 30, 2026.

Other income fell to Rs 5.69 lakh in the September 2026 quarter from Rs 6.75 lakh a year earlier, a decrease of Rs 1.06 lakh. Total revenue, comprising operating revenue and other income, nevertheless increased by Rs 8.68 lakh to Rs 19.43 lakh from Rs 10.75 lakh.

How much did Rajkot Investment Trust's quarterly profit grow?

Rajkot Investment Trust's net profit increased by Rs 1.27 lakh to Rs 9.45 lakh in the September 2026 quarter from Rs 8.18 lakh a year earlier. The 15.5% profit increase was below the 243.5% growth in revenue from operations, while total expenses increased by Rs 7.41 lakh.

Profit before tax rose to Rs 9.36 lakh from Rs 8.09 lakh in the year-earlier quarter. A Rs 9,000 short or excess provision of income tax relating to previous years was recorded, resulting in net profit of Rs 9.45 lakh for the September 2026 quarter.

Net profit was marginally lower than Rs 9.56 lakh in the June 2026 quarter, despite September-quarter total expenses declining to Rs 10.07 lakh from Rs 18.30 lakh. Basic and diluted earnings per share were 0.95 for September 2026, compared with 0.82 for September 2025, while paid-up equity share capital remained Rs 1 crore.

What was the effect of finance costs on Rajkot Investment Trust's results?

Rajkot Investment Trust recorded finance costs of Rs 5.51 lakh in the September 2026 quarter, compared with nil reported in the September 2025 quarter. Finance costs represented 54.7% of total quarterly expenses of Rs 10.07 lakh and exceeded other expenses of Rs 3.62 lakh and employee-benefit expense of Rs 0.94 lakh.

Total expenses rose to Rs 10.07 lakh from Rs 2.66 lakh, an increase of Rs 7.41 lakh. Other expenses increased by Rs 1.71 lakh from Rs 1.91 lakh, while employee-benefit expense rose by Rs 0.19 lakh from Rs 0.75 lakh; the Rs 5.51 lakh finance-cost line accounted for most of the overall expense increase.

Finance costs were Rs 6.02 lakh in the June 2026 quarter, compared with Rs 5.51 lakh in the September quarter. Across the six months ended September 30, 2026, finance costs totalled Rs 11.53 lakh, whereas the corresponding September 2025 half-year column showed no finance-cost amount.

How did Rajkot Investment Trust perform in the first half?

Rajkot Investment Trust reported revenue from operations of Rs 35.92 lakh for the six months ended September 30, 2026, up 80.2% from Rs 19.93 lakh in the year-earlier half. The increase was Rs 15.99 lakh, although other income declined to Rs 11.37 lakh from Rs 13.38 lakh.

Total revenue rose by Rs 13.98 lakh to Rs 47.29 lakh from Rs 33.31 lakh. Total expenses increased by Rs 12.67 lakh to Rs 28.37 lakh from Rs 15.70 lakh, leaving profit before tax of Rs 18.92 lakh, compared with Rs 17.61 lakh a year earlier.

First-half net profit increased 6.9% to Rs 18.92 lakh from Rs 17.70 lakh. Basic and diluted earnings per share rose to 1.89 from 1.77, while employee-benefit expense increased to Rs 6.69 lakh from Rs 3.20 lakh and other expenses declined to Rs 10.15 lakh from Rs 12.50 lakh.

What does Rajkot Investment Trust's balance sheet show?

Rajkot Investment Trust reported non-current borrowings of Rs 27.30 crore at September 30, 2026, down from Rs 28.72 crore at March 31, 2026. The Rs 1.42 crore reduction occurred during a half-year in which finance costs were Rs 11.53 lakh.

Total equity rose to Rs 5.05 crore at September 30, 2026 from Rs 4.86 crore at March 31, 2026. Total assets declined to Rs 33.07 crore from Rs 34.40 crore over the same period, while total current assets fell to Rs 30.93 crore from Rs 32.27 crore.

Cash and cash equivalents increased to Rs 3.82 crore from Rs 3.80 crore. Loans shown within current financial assets declined to Rs 26.55 crore from Rs 28.01 crore, while the company stated that it had no separate reportable segments under Indian Accounting Standard 108 on operating segments.

Conclusion

Rajkot Investment Trust's September-quarter results show that the increase in operating revenue to Rs 13.74 lakh did not produce a comparable rise in profit, which reached Rs 9.45 lakh. For the six months ended September 30, 2026, revenue from operations rose Rs 15.99 lakh year-on-year, while finance costs of Rs 11.53 lakh accompanied net-profit growth of Rs 1.22 lakh.

What to watch in subsequent results is the relationship between finance costs and borrowings after non-current borrowings fell to Rs 27.30 crore at September 30, 2026 from Rs 28.72 crore at March 31, 2026. The board approved the standalone unaudited September 2026 results on November 12, 2026, and the statutory auditors issued an unmodified limited-review conclusion.