Unaudited financial results for quarter and half year ended September 30, 2025
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Elegant Marbles & Grani Industries reported Q2 FY26 revenue from operations of ₹816.98 lakhs, down about 21% from ₹1,037.88 lakhs in Q2 FY25. For H1 FY26, revenue fell to ₹1,498.73 lakhs from ₹1,702.06 lakhs a year ago, a decline of roughly 12%. Net profit for Q2 came in at ₹121.10 lakhs (vs ₹255.11 lakhs YoY), and H1 FY26 PAT dropped to ₹204.67 lakhs from ₹372.74 lakhs, a YoY decline of about 45%. EPS for the half year stood at ₹6.91 versus ₹12.58 in H1 FY25. The auditor (M/s JD Pawar & Associates) issued an unqualified limited review opinion. An exceptional item of ₹35.82 lakhs was booked in Q1 FY26 relating to NCD write-offs (Kasata Hometech) and write-backs (Fortuna Buildcon), with no exceptional item in Q2. Operating cash flow for H1 FY26 turned positive at ₹62.42 lakhs versus a negative ₹417.40 lakhs in the year-ago period.
Sharp YoY declines in both revenue and profit signal weakening demand or pricing pressure in the marble and granite business, likely negative for near-term stock sentiment. However, sequential QoQ recovery in revenue and PAT, positive operating cash flow, zero debt on the books, and a clean auditor opinion offer some comfort on stability.