Net profit of Riba Textiles declined 23.19% to Rs 1.06 crore in the quarter ended June 2022 as against Rs 1.38 crore during the previous quarter ended June 2021. Sales rose 36.50% to Rs 59.43 crore in the quarter ended June 2022 as against Rs 43.54 crore during the previous quarter ended June 2021.

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Riba Textiles will hold a meeting of the Board of Directors of the Company on 9 August 2022.

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Net profit of Riba Textiles rose 262.86% to Rs 1.27 crore in the quarter ended March 2022 as against Rs 0.35 crore during the previous quarter ended March 2021. Sales rose 17.27% to Rs 76.93 crore in the quarter ended March 2022 as against Rs 65.60 crore during the previous quarter ended March 2021.

For the full year,net profit declined 16.84% to Rs 4.89 crore in the year ended March 2022 as against Rs 5.88 crore during the previous year ended March 2021. Sales rose 23.60% to Rs 234.61 crore in the year ended March 2022 as against Rs 189.81 crore during the previous year ended March 2021.

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Riba Textiles announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 February 2022 .

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