Rico Auto reports strong Q2 FY26 results, appoints Naveen Sorot as new CFO
Rico Auto announced strong Q2 FY26 results and appointed Naveen Sorot as CFO, replacing Shri Rakesh Kumar Sharma. The amalgamation of Rico Fluidtronics into Rico Jinfei Wheels was also completed.
Strong financial results directly influence investor perception and stock performance. Changes in key management, especially a CFO, and the completion of a corporate restructuring like an amalgamation can have significant operational and strategic implications for the company.
The company reported significant year-on-year growth in both standalone and consolidated revenue and profit for Q2 and H1 FY26. The appointment of a new CFO with extensive industry experience and the successful completion of an amalgamation further contribute to a positive outlook.
Rico Auto Industries Limited's Board of Directors met on November 12, 2025, and approved the following: * Unaudited financial results (standalone & consolidated) for the quarter and half year ended September 30, 2025, were approved. * Standalone Results (Q2 FY26 vs Q2 FY25): * Revenue from operations increased to ₹461.60 crore from ₹427.44 crore. * Profit for the period rose to ₹10.47 crore from ₹6.77 crore. * Basic and diluted earnings per share (EPS) improved to ₹0.77 from ₹0.50. * Consolidated Results (Q2 FY26 vs Q2 FY25): * Revenue from operations increased to ₹627.36 crore from ₹575.78 crore. * Profit for the period significantly grew to ₹17.72 crore from ₹6.57 crore. * Basic and diluted EPS increased to ₹1.31 from ₹0.47. * Key Management Personnel (KMP) Changes: * Shri Rakesh Kumar Sharma ceased to be the Chief Financial Officer (KMP) due to superannuation, effective November 12, 2025. * Shri Naveen Sorot, Vice President (Finance), was appointed as the new Chief Financial Officer (KMP), effective November 13, 2025. Mr. Sorot is a Chartered Accountant with over 20 years of experience in the auto component industry. * Scheme of Amalgamation: * The amalgamation of Rico Fluidtronics Limited into Rico Jinfei Wheels Limited, previously approved by the respective boards, received NCLT approval on July 01, 2025. The scheme was filed with the Registrar of Companies on August 02, 2025, with accounting treatment effective from April 1, 2024.
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Rico Auto Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Rico Auto Industries Limited. Read the original for the full detail.