Revenue and Profit Growth
Riddhi Corporate’s net sales increased significantly from the fiscal year ending March 2019 to March 2020, reflecting a robust growth trajectory. Total operating income rose from ₹59.53 crores to ₹81.47 crores, indicating a strong demand environment and effective business expansion. Despite no reported raw material costs, the company incurred higher purchase costs for finished goods and employee expenses, which rose notably during this period.
Operating profit before depreciation, interest, and tax (PBDIT) excluding other income improved markedly, more than quadrupling from ₹0.74 crores to ₹3.56 crores. Including other income, operating profit nearly doubled, reaching ₹4.83 crores in March 2020. This improvement was achieved alongside a reduct...
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