Un-Audited Financial Results for the Quarter and Nine months ended on December 31, 2025
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Elegant Marbles & Grani Industries reported a strong Q3 FY26 with revenue from operations rising to ₹1,074.36 lakhs from ₹507.84 lakhs in Q3 FY25, more than doubling year-on-year. Net profit for the quarter jumped to ₹111.34 lakhs (vs ₹57.47 lakhs), and EPS rose to ₹3.76 from ₹1.94. However, on a nine-month basis, revenue grew only modestly to ₹2,573.09 lakhs (vs ₹2,209.90 lakhs, ~16% growth), while net profit fell to ₹316.01 lakhs from ₹430.21 lakhs, a decline of about 27%. The nine-month results include a one-time exceptional charge of ₹35.18 lakhs related to new Labour Codes affecting gratuity provisions. Statutory auditors JD Pawar & Associates issued an unqualified limited review opinion.
The sharp Q3 rebound is positive, but the nine-month profit decline and the new gratuity-related exceptional charge weigh on overall earnings. Shareholders should note that headline profit growth masks a YoY contraction on a cumulative basis, though the strong quarterly momentum could lift sentiment if it sustains.