Riba Textiles reports Rs 3.026 crore September-quarter profit

Riba Textiles Limited reported standalone net profit of Rs 3.026 crore for the quarter ended September 30, 2026, rising from Rs 43.38 lakh in the June 2026 quarter and Rs 2.9095 crore a year earlier. Revenue from operations rose to Rs 86.1242 crore, compared with Rs 39.248 crore sequentially and Rs 69.0404 crore a year earlier.

How did Riba Textiles perform in the September 2026 quarter?

Riba Textiles recorded profit before tax of Rs 3.7991 crore in the September 2026 quarter, compared with Rs 56.13 lakh in the June 2026 quarter and Rs 3.6545 crore in the September 2025 quarter. Current tax was Rs 75.91 lakh and deferred tax was Rs 1.40 lakh, resulting in net profit of Rs 3.026 crore. The company reported no exceptional items in each of the three quarters.

Total revenue, including other income, was Rs 86.362 crore in the September quarter, against Rs 39.3189 crore in June 2026 and Rs 69.1043 crore in September 2025. Other income increased to Rs 23.78 lakh from Rs 7.09 lakh sequentially and Rs 6.40 lakh year on year. Basic earnings per equity share were Rs 3.13, compared with Rs 0.43 in June and Rs 3.01 a year earlier.

The sequential rise in profit accompanied an increase of Rs 46.8762 crore in revenue from operations. Total expenses increased by Rs 43.8053 crore from the June quarter, while the change in inventories line moved to an expense of Rs 21.8449 crore from a negative Rs 37.8291 crore. Cost of materials consumed declined to Rs 37.4883 crore from Rs 49.6026 crore despite the higher revenue reported in the September quarter.

What changed in Riba Textiles’ cost lines?

Riba Textiles’ September-quarter total revenue of Rs 86.362 crore exceeded total expenses of Rs 82.5629 crore, producing profit before tax of Rs 3.7991 crore. In the preceding June quarter, total revenue was Rs 39.3189 crore and expenses were Rs 38.7576 crore, producing profit before tax of Rs 56.13 lakh. The filing identifies the company’s sole operating segment as manufacturing terry towels.

Employee benefits expense rose to Rs 3.6346 crore in September 2026 from Rs 3.1926 crore in September 2025, while other expenses increased to Rs 17.1506 crore from Rs 13.1964 crore. Finance costs declined to Rs 95.08 lakh from Rs 1.3375 crore, and depreciation and amortisation declined to Rs 1.4231 crore from Rs 1.9524 crore over the same comparison.

Revenue from operations was Rs 17.0838 crore higher than the September 2025 quarter, while net profit was Rs 11.65 lakh higher. Materials consumed declined by Rs 8.0975 crore year on year, but the inventory-change line increased from Rs 67.95 lakh to Rs 21.8449 crore and other expenses rose by Rs 3.9542 crore. These disclosed cost movements help explain why the increase in quarterly profit was much smaller than the increase in revenue.

How did Riba Textiles’ half-year result compare with last year?

Riba Textiles reported net profit of Rs 3.4598 crore for the six months ended September 30, 2026, compared with Rs 3.6313 crore for the six months ended September 30, 2025. Revenue from operations nevertheless increased to Rs 125.3722 crore from Rs 119.2947 crore. Profit before tax declined to Rs 4.3604 crore from Rs 4.6683 crore, while basic earnings per share fell to Rs 3.58 from Rs 3.76.

The six-month result includes September-quarter profit of Rs 3.026 crore and June-quarter profit of Rs 43.38 lakh. Finance costs for the six months rose to Rs 3.5623 crore from Rs 3.1707 crore, materials consumed increased to Rs 87.0909 crore from Rs 82.3221 crore, and other expenses rose to Rs 35.4632 crore from Rs 33.794 crore.

At September 30, 2026, total assets were Rs 244.1314 crore, an increase of Rs 26.1053 crore from March 31, 2026. Inventories rose by Rs 20.256 crore to Rs 60.1014 crore, while trade receivables declined by Rs 5.2626 crore to Rs 35.0036 crore. Capital work in progress was Rs 7.4227 crore at the half-year date, against nil at March 31, 2026.

What do Riba Textiles’ cash flow and borrowings show?

Riba Textiles used Rs 67.81 lakh in operating activities during the six months ended September 30, 2026, compared with cash generated from operating activities of Rs 15.4204 crore in the corresponding 2025 period. Profit before income tax was Rs 4.3604 crore, but the cash-flow statement recorded a Rs 20.256 crore increase in inventories and a Rs 5.2625 crore reduction in trade receivables.

Investing activities used Rs 13.7277 crore during the 2026 half year, compared with Rs 15.877 crore in the previous-year period. The reported outflow included Rs 7.4227 crore of capital work in progress, Rs 7.20 crore relating to fixed deposits made or matured, and Rs 70.37 lakh spent on property, plant and equipment including capital work in progress. Interest and other income received was Rs 30.87 lakh.

Financing activities generated Rs 13.084 crore, compared with Rs 2.5009 crore in the corresponding 2025 period. The cash-flow statement recorded net proceeds from short-term borrowings of Rs 16.1941 crore and interest paid of Rs 3.1101 crore. Cash and cash equivalents declined by Rs 1.3218 crore during the half year to Rs 2.8248 crore, compared with Rs 4.5852 crore at September 30, 2025.

Conclusion

Riba Textiles delivered a substantially higher September-quarter profit than in June, with net profit reaching Rs 3.026 crore as revenue from operations rose to Rs 86.1242 crore. The year-on-year increase in quarterly profit was narrower at Rs 11.65 lakh, and six-month net profit of Rs 3.4598 crore remained below Rs 3.6313 crore a year earlier despite higher half-year revenue.

The next disclosures will show the position of Rs 7.4227 crore of capital work in progress, inventories that rose by Rs 20.256 crore from March 31, 2026, and total borrowings of Rs 106.5213 crore. The board also recorded Rajnish Mittal’s resignation as chief financial officer effective November 10, 2026, and approved Balkishan Bagla’s appointment to the role from November 11, 2026.