As per Attachment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glittek Granites reported a turnaround in FY2026 with profit after tax of Rs 685.86 Lakhs compared to a loss of Rs 59.29 Lakhs in FY2025. Total income was Rs 3,126.28 Lakhs, marginally lower than Rs 3,151.67 Lakhs in the prior year (slight revenue decline of ~0.8%). The company achieved basic EPS of Rs 10.03 vs Rs 2.64 in FY25. The auditors issued an unqualified opinion but included an Emphasis of Matter noting the company has not provided or paid interest on delayed MSME payments as required under the MSME Act, 2006. The company disclosed significant related party transactions including unsecured loans from directors (Ashoke Agarwal Rs 164.13 Lakhs, Tushar Agarwal Rs 44.03 Lakhs) and rent payments to a related party (Mrs Manjula Agarwal Rs 3.86 Lakhs). Operating cash flow was negative at Rs 224.65 Lakhs.
Despite the profit turnaround, the negative operating cash flow, undisclosed MSME interest liability, and significant related party transactions raise concerns about financial controls and governance. Shareholders should monitor the company's ability to improve cash generation and clarify the MSME compliance issue.