We wish to inform you that the Board of Directors at its meeting held on Wednesday August 13, 2025, adopted the Unaudited financial Results for the Quarter ended 30.06.2025 in accordance ....
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Glittek Granites' Board adopted unaudited Q1 FY26 results on August 13, 2025, with an unmodified limited review report from statutory auditor GRV & PK. Revenue from operations collapsed to Rs. 4.68 lakhs from Rs. 103.97 lakhs in Q1 FY25, a decline of roughly 95% year-on-year. Total income stood at Rs. 72.05 lakhs, supported by an unusually high other income of Rs. 67.36 lakhs (vs Rs. 4 lakhs a year ago). Total expenses fell sharply to Rs. 65.02 lakhs (vs Rs. 413.81 lakhs). The company reported a profit after tax of Rs. 5.28 lakhs versus a loss of Rs. 314.84 lakhs in the corresponding quarter, with EPS of Rs. 0.02 versus Rs. (1.21). No exceptional or extraordinary items were recorded during the quarter.
The steep fall in core operating revenue is a red flag, but the swing to profit was largely driven by non-operating income rather than business recovery. Shareholders should view the turnaround cautiously and watch whether operations revive in coming quarters.