Rays of Belief Ltd (MOMSBELIEF) Q2 FY27 Financial Results: PAT ₹27.87 & Revenue ₹253.14 Cr

Investor Takeaways

• Revenue reached ₹253.14 Cr, up from ₹107.06 Cr YoY and ₹250.08 Cr QoQ.
• Net profit turned to ₹27.87 Cr from a loss of ₹5.37 Cr YoY.
• ⚠️ Consolidated expenses rose to ₹216.14 Cr, driven by higher employee benefits and finance costs.

Overall Tone: Positive

Key Financial Highlights

What Changed

Rays of Belief Limited reported unaudited consolidated revenue of ₹253.14 crores for Q1 FY2026, reflecting a 136.7% year-on-year increase from ₹107.06 crores in Q1 FY2025 and a 1.3% rise from ₹250.08 crores in Q4 FY2026. Net profit improved to ₹27.87 crores compared to a loss of ₹5.37 crores in the same quarter of the previous year. Consolidated expenses increased to ₹216.14 crores, primarily due to higher employee benefits and finance costs. The company completed the acquisition of City Pro Group Inc. in the US, which is now a wholly owned subsidiary, and its shares were listed on NSE and BSE. Segment-wise, India contributed 49.34% of revenue and the USA 50.66%. The financials are presented in millions of INR. The Board approved the results on September 28, 2026, reviewed by Suri & Sudhir, Chartered Accountants.

Peer Comparison

Rays of Belief Ltd operates in the Services sector with no available valuation multiples or profitability ratios compared to peers, which show varied financial profiles including negative ROE for Interglobe Aviation.

Risks & Concerns

• Consolidated expenses increased to ₹216.14 crores, driven by higher employee benefits and finance costs, which may pressure margins if not managed.
• No explicit future financial guidance or deadlines were provided in the filing.

Quarterly Trend

(Note: Quarterly trend data is limited to the provided figures; OPM% not disclosed.)