Subject to approval of Shareholders at the ensuing Annual General Meeting of the Company, The Board of Directors of the Company has upon recommendation of Nomination and Remuneration Committee ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved audited FY2026 results showing revenue of Rs 3434.05 lakh, up 20.3% from Rs 2853.48 lakh in FY2025. However, net profit declined to Rs 335.14 lakh from Rs 470.35 lakh in the prior year—a 28.7% drop. An exceptional item of Rs 25.68 lakh net loss was recorded due to partial reversal of impairment provision on debentures. Other Comprehensive Income turned deeply negative at Rs -2341.53 lakh (vs +Rs 1601.26 lakh), resulting in total comprehensive loss of Rs -2061.10 lakh. The company has only one reportable segment (marble/granite). Statutory auditor JD Pawar & Associates issued an unmodified (clean) opinion. The company is scheduling its 41st AGM on July 17, 2026.
Revenue growth of 20% was offset by a 28.7% decline in net profit, with massive negative OCI dragging total comprehensive income into deep loss. The clean audit opinion provides comfort, but shareholders should note the profit decline and large OCI losses when evaluating the stock.