Outcome of Board Meeting
EXXARO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Exxaro Tiles Ltd reported FY2026 audited results with strong turnaround. Standalone revenue declined 6% to Rs 28,182 lakhs (from Rs 29,963 lakhs), but profit after tax swung from loss of Rs 78 lakhs to profit of Rs 211 lakhs. Consolidated revenue remained flat at Rs 30,490 lakhs, with PAT improving from near-zero loss to Rs 283 lakhs profit. Operating cash flow was positive at Rs 3,084 lakhs. Auditors issued unmodified opinion with no going concern issues. Board reappointed Mr. Mitesh Koshti as Internal Auditor for FY2026-27. Company plans to invest in UAE entity to become wholly owned subsidiary. New Labour Codes effective November 2025 are being monitored.
Positive turnaround from losses to profits signals operational improvement. Revenue decline is concerning but offset by better cost management and profitability. Clean audit opinion without any qualifications is reassuring for investors.