Rays of Belief Ltd

Rays of Belief Ltd has responded to an exchange query regarding recent significant movement in its share price. The company stated that it is not aware of any price-sensitive information that has not been disclosed to the stock exchanges. It attributes the share price fluctuation entirely to market circumstances beyond its control and knowledge.

LRSD Capital Private Limited has sold 93,000 equity shares of Rays of Belief Limited, representing 0.45% of the total share capital. This transaction, conducted via the open market, reduces LRSD Capital's holding from 4.60% (9,62,177 shares) to 4.16% (8,69,177 shares). The sale occurred on October 9, 2026. Following this transaction, LRSD Capital and its Persons Acting in Concert (PAC) now hold less than 5% of the company's total voting capital.

Rays of Belief Limited (Mom’s Belief) announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a significant 136.45% year-on-year growth in revenue from operations, reaching ₹253.14 Mn. EBITDA surged by 865.21% YoY to ₹50.77 Mn, with EBITDA margins improving to 20.06%. The company achieved a turnaround to profitability, posting a net profit of ₹27.87 Mn, a substantial increase from the previous year, with a net profit margin of 11.01%. Earnings per share (EPS) also marked a turnaround to profitability. Management attributed the strong performance to growth in child development and behavioral healthcare services through therapy centers and digital programs.

Rays of Belief Ltd announced the outcome of its Board meeting held on September 28, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Reports issued by Suri & Sudhir, Chartered Accountants. These results have been reviewed and recommended by the Audit Committee. The financial results and a revised Code will be made available on the company's website.

Rays of Belief's first quarterly result as a listed company (NSE/BSE listing September 8, 2026) shows consolidated revenue of ₹25.31 Cr for Q1 FY27, up 136.5% year-on-year from ₹10.71 Cr and roughly flat quarter-on-quarter (+1.2% vs ₹25.01 Cr in Q4 FY26). Consolidated PAT was ₹2.79 Cr against a ₹0.54 Cr loss in the year-ago quarter — a clean YoY turnaround — and up 16.7% sequentially from ₹2.39 Cr. Net margin expanded to 11.0% from -5.0% YoY and 9.6% QoQ. Standalone (India-only) numbers were more modest: revenue grew 27.3% YoY to ₹12.49 Cr but slipped 6.3% QoQ from ₹13.32 Cr, with standalone PAT of ₹1.42 Cr versus a ₹0.56 Cr loss a year ago. The consolidated growth story is almost entirely the USA segment, which produced ₹12.82 Cr of revenue this quarter (50.7% of the total) versus just ₹0.90 Cr in Q1 FY26 — a near 13x increase — while the India (standalone) business grew a more ordinary 27.3%. This wide gap between consolidated and standalone YoY growth is the US subsidiary scaling on its own, not the City Pro Group acquisition, which only closed September 18-19, 2026, well after this quarter ended. On margins, employee benefit expense (the largest cost line) rose 64.7% YoY to ₹10.84 Cr — slower than the 136% revenue increase — which is the main source of the NPM expansion; other expenses grew closer to revenue, up 158.6%. There is no management guidance or street consensus on record for this print: the company completed its IPO September 1-3, 2026 and listed September 8, 2026, so no prior-quarter guidance exists and a web search turned up no analyst previews or consensus estimates for this quarter. The board approved the unaudited standalone and consolidated results on September 28, 2026, with limited review by Suri & Sudhir; neither statement carries an exceptional item this quarter. The Q1 FY26 and prior-year comparatives were prepared by management and approved by the board but not subject to audit or review, since the company was unlisted at the time — a caveat on the base used for the YoY comparison. Two corporate actions fall just after this quarter's cutoff and are not reflected in these numbers: a $2 Mn investment in Mom's Belief US Inc (September 17) and that subsidiary's acquisition of City Pro Group Inc, which had ₹97.27 Cr FY25 revenue (September 18-19) — both will show up from Q2 FY27 onward. With City Pro Group's FY25 revenue base (₹97.27 Cr) nearly four times Rays of Belief's own FY26 consolidated revenue (₹81.66 Cr), its consolidation from Q2 FY27 is set to be the dominant swing factor for the next several quarters, alongside whether the underlying USA segment can sustain its current growth rate without further inorganic step-ups.

Rays of Belief Limited has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut for all insiders, designated persons, and their immediate relatives starting from Thursday, October 01, 2026. It will remain closed until 48 hours after the declaration of the company's un-audited financial results for the quarter and half-year ended September 30, 2026. The company has advised all relevant parties, including promoters, directors, KMPs, employees, and auditors, to refrain from trading during this period. The date for the board meeting to approve these financial results will be communicated later.

Rays of Belief Ltd has announced that its Board of Directors will convene on September 28, 2026. The primary agenda item is to consider and approve the Unaudited Financial Results, both standalone and consolidated, for the quarter ended June 30, 2026. Additionally, the trading window for the company's shares will remain closed until September 30, 2026, as per SEBI regulations.

Rays of Belief Ltd (Mom's Belief) has acquired 100% of City Pro Group Inc. (CPG), a New York-based pediatric healthcare services provider, through its wholly owned US subsidiary. CPG, established in 1995, reported US$11.43 million (~₹97.27 Cr) revenue in FY25. This acquisition significantly expands Mom's Belief's U.S. presence in developmental care, adding Early Intervention and special education capabilities. It also establishes a two-way India-U.S. capability exchange, allowing for cross-border knowledge sharing and potential introduction of Mom's Belief programs to the U.S. market, thereby enhancing the Group's scale and consolidated revenue.

Rays of Belief Limited announced that its wholly-owned US subsidiary, Mom's Belief US Inc., has acquired 100% of the equity shareholding of City Pro Group Inc. for an aggregate consideration of USD 2,000,000. This acquisition, completed on September 18, 2026, makes City Pro Group Inc. a step-down wholly-owned subsidiary of Rays of Belief Limited. City Pro Group Inc., incorporated in 1995, is a New York-based provider of pediatric early intervention and school-based special education services, with a turnover of USD 11,432,394.52 for the year ended June 30, 2025. The acquisition aims to strengthen and expand the Group’s presence in the United States in the field of pediatric developmental, early intervention, and special education services, complementing existing offerings and supporting strategic expansion. The transaction was a cash consideration and is not considered a related party transaction.

Rays of Belief Limited has announced a further investment of USD 2,000,000 (approximately INR 19.19 Cr.) into its wholly-owned subsidiary, Mom's Belief US Inc. This investment, made through a rights issue at par value, is in furtherance of the company's Initial Public Offer objectives. Mom's Belief US Inc., incorporated on April 4, 2025, operates in the healthcare industry, specializing in allergy and immunology. The investment aims to leverage the subsidiary's capabilities to provide specialized healthcare services. The transaction is considered a related party transaction but is conducted at arm's length. No significant government approvals are required beyond FEMA compliances. The subsidiary reported a turnover of USD 38,25,615 as of March 31, 2026.