Riba Textiles Ltd (531952)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Riba Textiles' revenue was ₹39.2 Cr (-21.9% year on year, -46.3% on the previous quarter), and net profit ₹0.4 Cr (-39.8% year on year); the operating margin was 12.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹39.2 | -21.9% | -46.3% |
| Operating profit | ₹4.8 | +43.8% | -33.5% |
| Net profit | ₹0.4 | -39.8% | -87.0% |
| EPS (₹) | 0.45 | -40.0% | -87.0% |
| Operating margin | 12.2% | — | — |
📢 Recent Corporate Announcements
Riba Textiles Ltd's Board has approved the re-appointment of Amit Garg as Managing Director and Nitin Garg as Whole-time Director for further 3-year terms effective December 30, 2026. Additionally, Shyam Sunder Miglani has been re-appointed as an Independent Director for a second 5-year term from September 4, 2026, to September 3, 2031. These appointments are subject to shareholder approval at the 38th Annual General Meeting scheduled for September 24, 2026.
- Re-appointment of Amit Garg as Managing Director for a 3-year term starting December 30, 2026
- Re-appointment of Nitin Garg as Whole-time Director for a 3-year term starting December 30, 2026
- Re-appointment of Shyam Sunder Miglani as Independent Director for 5 years (Sept 4, 2026 to Sept 3, 2031)
- 38th Annual General Meeting scheduled for September 24, 2026 via video conferencing
Riba Textiles Ltd's Board approved the convening of its 38th Annual General Meeting on September 24, 2026. The Board approved the re-appointment of Managing Director Amit Garg and Whole-time Director Nitin Garg for a further 3-year term effective December 30, 2026, subject to shareholder approval. Additionally, Independent Director Shyam Sunder Miglani was reappointed for a second 5-year term from September 4, 2026, to September 3, 2031.
- 38th Annual General Meeting scheduled for September 24, 2026, via Video Conferencing
- Re-appointment of Managing Director Amit Garg for a 3-year term starting December 30, 2026
- Re-appointment of Whole-time Director Nitin Garg for a 3-year term starting December 30, 2026
- Re-appointment of Independent Director Shyam Sunder Miglani for a 5-year term ending September 3, 2031
CARE Ratings has reaffirmed Riba Textiles Limited's credit rating at 'CARE BBB; Stable' for long-term bank facilities and 'CARE A3+' for short-term facilities across ₹94.00 crore of bank limits. The rating rationale highlights stable operating profitability (PBILDT margin improved to 8.89% in FY26 despite revenue moderating to ₹255.38 crore) and a comfortable capital structure (gearing at 0.72x, net worth ₹106.02 crore). However, ratings remain constrained by working capital elongation (operating cycle increased to 95 days from 72 days in FY25) and high export dependency (89% of gross sales).
- Credit rating reaffirmed at 'CARE BBB; Stable' for ₹25.50 Cr Term Loans and 'CARE BBB; Stable / CARE A3+' for ₹63.00 Cr Working Capital limits
- Total rated bank facilities stand at ₹94.00 Cr (including ₹5.50 Cr derivative limits)
- FY26 operating revenue stood at ₹255.38 Cr vs ₹295.86 Cr in FY25, with PBILDT margin improving to 8.89% from 7.67%
- Total debt increased to ₹75.88 Cr as of March 31, 2026 (overall gearing of 0.72x and interest coverage of 3.50x)
- Operating cycle elongated to 95 days in FY26 (from 72 days in FY25) primarily due to higher inventory holding of 54 days
Riba Textiles reported a 21.9% YoY decline in revenue from operations to ₹39.25 Cr for the quarter ended June 30, 2026, compared to ₹50.25 Cr in the corresponding quarter last fiscal. Net profit declined by 39.9% YoY to ₹0.43 Cr from ₹0.72 Cr in Q1 FY26, and fell 87.0% sequentially from ₹3.34 Cr in Q4 FY26. Diluted EPS for the quarter dropped to ₹0.45 compared to ₹0.75 in Q1 FY26 and ₹3.46 in Q4 FY26. Profitability was further pressured by an increase in finance costs to ₹2.61 Cr from ₹1.83 Cr in Q1 FY26.
- Revenue from operations decreased 21.9% YoY to ₹3,924.80 lacs (₹39.25 Cr) from ₹5,025.44 lacs in Q1 FY26.
- Net profit fell 39.9% YoY to ₹43.38 lacs compared to ₹72.19 lacs in the year-ago period.
- Sequentially, revenue dropped 46.3% from ₹7,305.50 lacs and net profit plummeted 87.0% from ₹333.78 lacs in Q4 FY26.
- Finance costs increased to ₹261.15 lacs compared to ₹183.33 lacs in Q1 FY26 and ₹168.66 lacs in Q4 FY26.
- Basic and diluted EPS declined to ₹0.45 from ₹0.75 YoY and ₹3.46 QoQ.
Riba Textiles reported a 21.9% YoY decline in Q1 FY27 revenue from operations to ₹39.25 crore (₹3,924.80 lakhs) compared to ₹50.25 crore in Q1 FY26. Net profit fell 39.9% YoY to ₹0.43 crore (₹43.38 lakhs) against ₹0.72 crore in the corresponding quarter last year. Profitability was further pressured by higher finance costs, which rose to ₹2.61 crore from ₹1.83 crore YoY. Basic EPS for the quarter dropped to ₹0.45 from ₹0.75 in Q1 FY26 and ₹3.46 in Q4 FY26.
- Revenue from operations fell 21.9% YoY to ₹39.25 crore (₹3,924.80 lakhs) vs ₹50.25 crore in Q1 FY26
- Net profit declined 39.9% YoY to ₹0.43 crore (₹43.38 lakhs) from ₹0.72 crore in Q1 FY26
- Finance costs increased to ₹2.61 crore (₹261.15 lakhs) vs ₹1.83 crore in Q1 FY26
- Quarterly EPS decreased to ₹0.45 compared to ₹0.75 in Q1 FY26 and ₹3.46 in Q4 FY26
Riba Textiles has scheduled a board meeting for August 14, 2026, to consider and approve its standalone un-audited financial results for the quarter ended June 30, 2026. The company is coming off a fiscal year (FY26) where revenue stood at ₹255 crore, a decline from ₹296 crore in FY25. With a market cap of ₹79 crore and debt of ₹76 crore, the upcoming results will be critical to assess the company's ability to manage its leverage. The trading window for insiders remains closed until 48 hours after the results are declared.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Results pertain to the three-month period ended June 30, 2026
- Trading window closed since June 30, 2026, for all designated persons
- Company reported a TTM PAT of ₹8 crore against a market cap of ₹79 crore
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