Board Meeting Outcomes
The Board of Directors at their meeting held on May 28, 2026 (commenced at 4:00 PM, concluded at 5:15 PM) approved:
1. The Standalone Audited Financial Statements for the half year and year ended March 31, 2026, along with the Auditors' report. These results were uploaded on the company's website at www.rithwik.co.in.
2. Recommended a final dividend at the rate of 10% (Re.1 per share) to the equity shareholders of the company, subject to approval of shareholders at the ensuing Annual General Meeting. The record date for the dividend will be informed in due course.
Financial Highlights (Year Ended March 31, 2026)
- Revenue from Operations: ₹4,018.31 lakhs (Previous Year: ₹4,246.93 lakhs)
- Other Income: ₹57.70 lakhs (Previous Year: ₹25.16 lakhs)
- Total Income: ₹4,076.01 lakhs (Previous Year: ₹4,272.09 lakhs)
- Profit Before Tax: ₹471.74 lakhs (Previous Year: ₹475.94 lakhs)
- Tax Expense: ₹120.45 lakhs (comprising Current Tax ₹125.02 lakhs, Prior Year Provision ₹0.74 lakhs, and Deferred Tax Reversal ₹5.31 lakhs)
- Net Profit for the Year: ₹351.30 lakhs (Previous Year: ₹350.08 lakhs)
- Earnings Per Share (Basic & Diluted): ₹11.48 (Previous Year: ₹11.44)
Balance Sheet Position (As at March 31, 2026)
- Share Capital: ₹306.00 lakhs (30,60,000 equity shares of ₹10 each; unchanged from previous year)
- Reserves & Surplus: ₹2,401.01 lakhs (Previous Year: ₹2,080.31 lakhs)
- Total Shareholders' Funds: ₹2,707.01 lakhs (Previous Year: ₹2,386.31 lakhs)
- Long-term Borrowings: ₹55.82 lakhs (Previous Year: ₹79.28 lakhs)
- Short-term Borrowings: ₹157.96 lakhs (Previous Year: ₹189.09 lakhs)
- Trade Payables:
- MSME Creditors: ₹223.84 lakhs (Previous Year: ₹373.22 lakhs)
- Other Creditors: ₹3.63 lakhs (Previous Year: ₹5.55 lakhs)
- Cash and Cash Equivalents: ₹804.73 lakhs (Previous Year: ₹542.04 lakhs)
- Total Assets: ₹3,479.70 lakhs (Previous Year: ₹3,304.49 lakhs)
Cash Flow Statement (Year Ended March 31, 2026)
- Net Cash from Operating Activities: ₹305.74 lakhs (Previous Year: ₹625.70 lakhs)
- Net Cash from Investing Activities: ₹13.07 lakhs (Previous Year: ₹(193.87) lakhs)
- Net Cash from Financing Activities: ₹(56.12) lakhs (Previous Year: ₹(74.32) lakhs)
- Net Increase in Cash: ₹262.69 lakhs (Previous Year: ₹357.51 lakhs)
- Dividend Paid: ₹30.60 lakhs (same as previous year)
Key Notes to Accounts
- Contingent Liabilities: ₹41.13 lakhs relating to income tax and GST disputes
- Related Party Transactions: Remuneration to KMPs and directors, advances to directors disclosed
- MSME Dues: No dues outstanding for more than 45 days as at March 31, 2026
- Ratios: Current ratio improved to 2.18 (from 1.45), debt-equity ratio decreased to 0.02 (from 0.03)
- Segment Reporting: Company operates primarily in facility management services
- Previous Year Figures: Regrouped/reclassified where necessary for comparability