Board approves Q1FY27 results, CFO change, subsidiary loan-to-equity swap of Rs 110.44 Cr

Revenue declinedRelated-party transactionsEBITDA margin expansionResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+4.4% vs market

Granites & Marbles peers, median of 7sector-0.7%+5.0% vs sector

On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 5.0 pts more than its Granites & Marbles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board met on Aug 10, 2026 and approved Q1FY27 results. Consolidated revenue from operations at Rs 654.19M (vs Rs 745.04M YoY), PAT at Rs 0.64M vs loss of Rs 5.72M. Standalone revenue Rs 221.32M vs Rs 281.49M, PAT Rs 25.36M vs Rs 14.62M. UAE subsidiary FZE posted loss of Rs 30.57M. Other decisions: Ashish Agarwal appointed CFO replacing Mayank Shah; Ummed Jain and Co re-appointed statutory auditor for 5 years; AGM on Sept 19, 2026; further Rs 110.44 Cr loan to FZE Dubai converted to equity; Rs 2 Cr SBLC guarantee renewed for subsidiary.

Likely market impact

Revenue declined YoY on consolidated basis but PAT turned marginally positive. UAE subsidiary loss-making; Bagru unit operations discontinued. Mixed signals; restructuring underway.

By the numbersConsolidated · Q1 FY27 vs Q1 FY26

	Q1 FY27	Q1 FY26	Change
Revenue	₹65.42 Cr	₹74.50 Cr	−12.2%
Operating profit	₹0.29 Cr	−₹0.11 Cr	turned positive
Profit after tax	₹0.06 Cr	−₹0.57 Cr	turned positive
EBITDA margin	12.7%	10.7%	+2.1 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.