According to reports from Business Standard, Rico Auto Industries experienced a dramatic decline in profitability during the quarter ended June 2026. The company's standalone net profit plummeted 96.48% to ₹0.16 crore compared to ₹4.54 crore in the corresponding quarter of the previous year. This represents a significant deterioration in the company's bottom-line performance over the year-on-year period.
Despite the profit decline, Rico Auto Industries demonstrated strong revenue growth during the quarter. As reported by Business Standard, sales increased 49.83% to ₹581.15 crore in the quarter ended June 2026, compared to ₹387.88 crore in the same quarter of the previous year. This substantial revenue growth indicates the company's ability to expand its business operations despite the profit challenges.
According to the financial data reported by Business Standard, the company's operating profit margin (OPM) stood at 4.23% in the current quarter, compared to 8.92% in the corresponding quarter of the previous year. Additionally, PBDT (Profit Before Depreciation and Tax) declined 10% to ₹24.02 crore from ₹26.81 crore in the previous year. The PBT (Profit Before Tax) also decreased significantly by 95% to ₹0.34 crore from ₹6.49 crore in the same quarter last year.
