This is to inform you that pursuant to Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, the Board of Directors of the Company at its Meeting ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glittek Granites Ltd reported strong financial performance for FY2026 with Total Income of Rs 3,126.28 Lakhs and Profit After Tax of Rs 2,603.66 Lakhs, a significant turnaround from a loss of Rs 65.27 Lakhs in the previous year. Basic EPS improved to Rs 10.03 from Rs 2.64. The company sold most of its old inventory (held for over 5 years) at scrap value during the year, contributing to the exceptional performance. Total Expenses were Rs 400.37 Lakhs. Cash flow from operations was negative at Rs 224.65 Lakhs. The auditors issued an unqualified opinion but included an Emphasis of Matter regarding non-provision of interest on delayed MSME payments.
The company has returned to profitability with a substantial improvement in bottom line. The sale of old inventory at scrap value has inflated profits and investors should note the negative operating cash flow and MSME compliance issue flagged by auditors.