Q1 FY27 results, CFO change, Bagru unit shutdown, subsidiary loan conversion

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

₹27.01

prior close

₹27.30

announcement price

After-mkt

timing

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.9

10m

+0.5

15m

+0.7

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2-0.2+4.4-0.7+5.0

Next day

+9.4+0.2+9.2-2.3+11.7

+14.8+0.4+14.5-2.3+17.2

+19.4+0.4+19.0-1.2+20.6

+24.8+0.6+24.3-2.5+27.3

+31.0+0.9+30.1-3.1+34.1

+29.3+0.9+28.5-2.8+32.1

15d

-9.5+0.9-10.4-4.1-5.4

+3.7+2.3+1.3-3.6+7.3

+1.8-1.1+2.9-8.3+10.1

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UpDownMarket · Nifty Microcap 250Sector · Granites & Marbles peers, median of 7Pending

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AI summary

Q1 FY27 consolidated revenue fell to Rs 65.4 crore from Rs 74.5 crore YoY; PAT swung to profit of Rs 64 lakh from a loss. Standalone revenue dropped 21% to Rs 22.1 crore, but PAT rose 73% to Rs 2.5 crore. Board shut loss-making Bagru unit from March 2026. Ashish Agarwal named CFO. Subsidiary FZE loan of Rs 110.4 crore converted to equity; Rs 2 crore SBLC rolled over for HDFC Bank.

Likely market impact

Revenue decline and Bagru unit closure signal stress; subsidiary loan-to-equity move eases debt but loss-making FZE remains a concern.

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.