Q3 FY26: consolidated revenue up 25% but loss; Bagru unit to shut; new auditor takes over

Revenue Growth 20pctRevenue DeclinePat NegativeAuditor Mid Year ChangeResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.8%Reaction day

₹89.25

prior close

₹91.16

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-0.5% vs market

Granites & Marbles peers, median of 7sector+0.4%+0.4% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.4 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

Q3 FY26 ended December 2025: Standalone revenue fell to Rs 10.2 Cr from Rs 32.8 Cr YoY, profit just Rs 49 lakh. Consolidated 9-month revenue grew about 25 percent to Rs 187.8 Cr but losses continued at Rs 8.5 Cr. New statutory auditor Ummed Jain and Co took over this quarter. Board approved converting Rs 50 Cr loan to UAE subsidiary FZE into equity. Loss-making Bagru stone unit to shut from March 31, 2026.

Likely market impact

Consolidated top line rising but bottom in red; Bagru closure and auditor change bring short-term uncertainty; loan conversion is internal.