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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.8 pts more than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Glittek Granites reported very weak Q2 FY26 results, with revenue from operations plunging to just ₹468 lakhs versus ₹2,139 lakhs in the same quarter last year — a drop of around 78% quarter-on-quarter. For the half year (H1 FY26), revenue collapsed from ₹12,535 lakhs to ₹468 lakhs, a staggering ~96% year-on-year decline, suggesting the core granites business has nearly wound down. The company posted a loss after tax of ₹40.18 lakhs for the quarter and ₹34.90 lakhs for H1 FY26, but losses have narrowed sharply from ₹1,253.67 lakhs and ₹1,568.51 lakhs respectively in the prior year, partly due to drastically lower operating expenses. Other equity has worsened to ₹(195.99) lakhs (negative), and operating cash flow turned negative at ₹(195.19) lakhs versus a positive ₹271.63 lakhs a year ago. Cash and equivalents stood at ₹601.33 lakhs as on 30 September 2025.
Shareholders should view this negatively — revenue has virtually evaporated while the company continues to bleed cash from operations and carries negative reserves. Although losses have shrunk, this is largely due to cost-cutting rather than a recovering business, raising serious concerns about the company's future operations and going-concern status.