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Awaiting price reaction for this filing.
Glittek Granites reported very weak Q1 FY26 results with revenue from operations at just Rs 4.68 lakhs, down sharply from Rs 10.97 lakhs in Q1 FY25 (a drop of about 57% year-on-year). Total income for the quarter stood at Rs 7.05 lakhs versus Rs 107.97 lakhs a year ago. Despite the weak top-line, the company swung to a small profit after tax of Rs 5.28 lakhs (EPS Rs 0.02) compared to a loss of Rs 314.84 lakhs in Q1 FY25, helped by lower operating expenses. No exceptional items were reported. The statutory auditors (GRV & PK) issued an unmodified limited review report.
The sharp drop in revenue signals continued operational weakness and very low business activity for the granite company. However, the return to a small profit after a large prior-year loss is a marginal positive. Shareholders should note the extremely thin revenue base, which makes earnings highly volatile and the stock speculative.