RDB Infrastructure Q2 profit falls 42% despite revenue gain

RDB Infrastructure and Power Limited reported standalone profit after tax of Rs 2.58 crore for the quarter ended 30 September 2026, down 42% from Rs 4.44 crore in the preceding quarter, despite revenue from operations increasing 12% year on year to Rs 20.65 crore. Lower total income and a higher tax expense reduced sequential profit.

Why did RDB Infrastructure’s Q2 profit fall sequentially?

RDB Infrastructure’s September-quarter profit fell sequentially because profit before tax declined and net tax expense increased from the June 2026 quarter. Profit before tax was Rs 4.40 crore for the quarter ended 30 September 2026, versus Rs 4.95 crore in the quarter ended 30 June 2026. Net tax expense rose to Rs 1.82 crore from Rs 50.88 lakh, leaving profit after tax at Rs 2.58 crore.

Total income declined to Rs 25.15 crore in the September quarter from Rs 33.04 crore in the June quarter. Revenue from operations fell to Rs 20.65 crore from Rs 28.41 crore over that sequential comparison, while other income declined to Rs 4.50 crore from Rs 4.63 crore. Total expenses also decreased to Rs 20.75 crore from Rs 28.10 crore, but by less than the Rs 7.89 crore decline in total income.

Did RDB Infrastructure’s operating revenue grow in Q2?

RDB Infrastructure’s revenue from operations increased 12% year on year to Rs 20.65 crore in the September 2026 quarter from Rs 18.50 crore a year earlier. The quarterly operating revenue was nevertheless 27% below the Rs 28.41 crore reported in the June 2026 quarter. The year-on-year increase therefore did not prevent a sequential decline in profit.

Other income was Rs 4.50 crore in the September 2026 quarter, compared with Rs 4.12 crore in the September 2025 quarter and Rs 4.63 crore in June 2026. Total income increased 11% year on year to Rs 25.15 crore from Rs 22.62 crore. Profit after tax fell 15% from Rs 3.05 crore in the prior-year quarter, while basic and diluted earnings per share were Rs 0.11, against Rs 0.16.

The expense mix also changed from the prior-year quarter. Construction-activity expenses were Rs 11.87 crore for the quarter ended 30 September 2026, compared with Rs 12.68 crore a year earlier. Changes in inventories of finished goods, work-in-progress and stock-in-trade were negative Rs 6.14 crore, against a positive Rs 4.01 crore, while other expenses rose to Rs 85.38 lakh from Rs 71.53 lakh.

How did RDB Infrastructure perform in the first half?

RDB Infrastructure reported standalone profit after tax of Rs 7.01 crore for the half year ended 30 September 2026, up 22% from Rs 5.77 crore in the corresponding prior-year period. Profit before tax increased to Rs 9.34 crore from Rs 7.78 crore, while net tax expense rose to Rs 2.33 crore from Rs 2.01 crore. Half-year basic and diluted earnings per share were Rs 0.32, compared with Rs 0.31.

The first-half income comparison differed from the September-quarter year-on-year movement. Revenue from operations fell to Rs 49.06 crore for the half year from Rs 86.05 crore a year earlier, while other income increased to Rs 9.12 crore from Rs 5.80 crore. Total income consequently declined to Rs 58.19 crore from Rs 91.86 crore, but total expenses declined more sharply to Rs 48.85 crore from Rs 84.08 crore.

What changed in RDB Infrastructure’s balance sheet and cash flow?

RDB Infrastructure’s total standalone assets were Rs 343.60 crore at 30 September 2026, compared with Rs 332.10 crore at 31 March 2026. Loans increased to Rs 175.89 crore from Rs 143.05 crore, and inventories rose to Rs 94.14 crore from Rs 85.49 crore. Trade receivables declined to Rs 18.60 crore from Rs 61.49 crore during the same period.

Total equity increased to Rs 286.64 crore at 30 September 2026 from Rs 266.46 crore at 31 March 2026. Current borrowings fell to Rs 16.45 crore from Rs 21.20 crore, while total current liabilities decreased to Rs 44.48 crore from Rs 52.30 crore. Non-current liabilities were Rs 12.48 crore, compared with Rs 13.34 crore at the March 2026 year-end.

The half-year cash-flow statement reported net cash generated from operating activities of Rs 11.14 crore, compared with net cash used in operating activities of Rs 36.76 crore in the half year ended 30 September 2025. Investing activities generated Rs 8.24 crore, versus Rs 7.94 crore a year earlier, while financing activities used Rs 20.12 crore compared with generating Rs 27.73 crore. Cash and cash equivalents closed at Rs 16.27 lakh, down from Rs 89.47 lakh at 31 March 2026.

What do RDB Infrastructure’s reviewed results cover?

RDB Infrastructure’s board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 12 November 2026. L. B. Jha & Co. LLP reviewed the standalone results and stated that nothing had come to its attention to indicate that the statement did not disclose information required under the applicable regulations or contained a material misstatement.

RDB Infrastructure said its chief operating decision maker continued to review operations as a single operating segment during the current quarter. The company said it would review the assessment of reportable segments under Indian Accounting Standard 108 at the year-end based on its internal reporting framework. It also said the effect of defined-benefit obligations would be considered at the year-end.

Conclusion

RDB Infrastructure’s September-quarter result combined a 12% year-on-year increase in revenue from operations to Rs 20.65 crore with a 42% sequential decline in profit after tax to Rs 2.58 crore. For the first half, profit after tax rose to Rs 7.01 crore even as total income fell to Rs 58.19 crore, because total expenses declined more than income.

The next disclosed matters to watch are RDB Infrastructure’s year-end consideration of defined-benefit obligations and its review of reportable segments under Indian Accounting Standard 108. The company also reported cash and cash equivalents of Rs 16.27 lakh at 30 September 2026, compared with Rs 89.47 lakh at 31 March 2026.