Riddhi Corporate Services Ltd (540590)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Riddhi Corporate's revenue was ₹52.1 Cr (-51.4% year on year, -62.1% on the previous quarter), and net profit ₹0.4 Cr (-66.9% year on year); the operating margin was 5.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹52.1 | -51.4% | -62.1% |
| Operating profit | ₹2.8 | -39.1% | -34.2% |
| Net profit | ₹0.4 | -66.9% | -73.8% |
| EPS (₹) | 0.22 | -80.2% | -84.4% |
| Operating margin | 5.3% | — | — |
📢 Recent Corporate Announcements
Riddhi Corporate Services has scheduled its 16th Annual General Meeting for September 28, 2026. The board has recommended a final dividend of ₹0.49 per equity share of ₹10 face value for FY25-26, subject to shareholder approval. The cut-off date for AGM voting and dividend eligibility is September 21, 2026. Additionally, the board approved 5-year re-appointments for Managing Director Pravinchandra Gor and Whole-time Director Alpitkumar Gor at up to ₹36 lakh annual remuneration each.
- Final dividend recommended at ₹0.49 per equity share of face value ₹10
- 16th Annual General Meeting scheduled for September 28, 2026
- Cut-off date for dividend and e-voting fixed as September 21, 2026
- Proposed 5-year re-appointments for MD Pravinchandra Gor and WTD Alpitkumar Gor (remuneration up to ₹36,00,000 each per annum)
Riddhi Corporate Services Limited has scheduled its 16th Annual General Meeting (AGM) for Monday, September 28, 2026, via AV/OAVM. The Board has recommended a final dividend of ₹0.49 per equity share of face value ₹10 for FY 2025-26, subject to shareholder approval. The record cut-off date for AGM e-voting and dividend entitlement is set for September 21, 2026, with the register of members closed from September 22 to September 28, 2026. Additionally, the AGM agenda seeks approval for the 5-year re-appointments of MD Pravinchandra Gor and Whole-time Director Alpitkumar Gor starting February 1, 2027, with annual remuneration capped at ₹36 lakh each.
- Final dividend proposed at ₹0.49 per equity share (face value ₹10) for FY 2025-26
- AGM scheduled for September 28, 2026, at 11:30 AM via audio-visual means
- Cut-off date for e-voting and dividend eligibility fixed as September 21, 2026
- Share transfer books closed from September 22, 2026, to September 28, 2026
- Re-appointment of MD and Whole-time Director for 5-year terms starting Feb 1, 2027, at max ₹36,00,000 annual salary each
Riddhi Corporate Services filed its quarterly statement of deviation/variation under Regulation 32 for the quarter ended June 30, 2026. Out of the ₹12.35 crore raised during its June 2017 IPO, unutilized funds across capex (₹6.62 crore), acquisitions (₹2.18 crore remaining), and general corporate purposes (₹3.00 crore) were reallocated. As per shareholder approval obtained on March 30, 2026, these unutilized proceeds are being repurposed toward operational expenditure and employee salaries across key functional verticals.
- Total public issue proceeds of ₹12.35 crore raised originally on June 22, 2017
- Shareholder approval for object modification was obtained on March 30, 2026
- ₹661.59 lakhs original capex allocation remains unutilized and repurposed for operational expenses
- ₹218.00 lakhs unutilized out of ₹223.00 lakhs acquisition allocation redirected to opex
Riddhi Corporate Services announced that its Board of Directors approved the unaudited IND-AS financial results for the quarter ended June 30, 2026, at a meeting held on August 14, 2026. The meeting commenced at 7:30 PM and concluded at 8:30 PM. The filing serves as the regulatory outcome under Regulation 33 of SEBI LODR, though detailed P&L statement numbers were omitted from this cover letter extract.
- Approved unaudited financial results for the quarter ended June 30, 2026
- Board meeting held on August 14, 2026, from 7:30 PM to 8:30 PM
- Filing submitted pursuant to Regulation 33 of SEBI LODR Regulations, 2015
Riddhi Corporate Services approved its unaudited IND-AS financial results for the quarter ended June 30, 2026, in its board meeting on August 14, 2026. As per recent financial records, Q1 revenue contracted sharply to ₹52.05 crore from ₹137.50 crore in the preceding quarter and ₹107.11 crore in Q1 FY26. Net profit declined to ₹0.44 crore for the quarter compared to ₹1.67 crore in Q4 FY26 and ₹1.32 crore in Q1 FY26. The company currently has a market capitalization of ₹73 crore and trades at a P/E of 9.0.
- Board meeting commenced at 7:30 PM and concluded at 8:30 PM on August 14, 2026.
- Approved unaudited IND-AS financial results for the quarter ended June 30, 2026.
- Submission made pursuant to Regulation 33 of SEBI LODR Regulations.
Riddhi Corporate Services has scheduled a board meeting for August 14, 2026, to approve its financial results for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where revenue doubled to ₹513 cr, yet net profit declined to ₹9 cr from ₹14 cr in FY25. Investors will likely focus on whether the company can recover its operating margins, which fell to 4% in FY26 from 12% in the previous year. The company currently trades at a P/E of 8.1 with a market capitalization of ₹73 cr.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Company reported a significant revenue jump to ₹513 cr in FY26 compared to ₹255 cr in FY25.
- Operating profit margin (OPM) compressed to 4.0% in FY26 from 12.0% in FY25.
- Promoter holding remains stable at 68.28% as of June 2026.
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