Unaudited Financial Result for the quarter ended 30.06.2025
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Inani Marbles & Industries reported weak Q1FY26 results. Revenue from operations fell to about Rs. 1,114 lakh from Rs. 1,306 lakh in the same quarter last year, a year-on-year decline of roughly 15%. The company swung from a small profit of around Rs. 36 lakh in Q1FY25 to a loss of approximately Rs. 77 lakh in Q1FY26, and basic/diluted EPS dropped sharply from Rs. 0.47 to Rs. 0.09. The statutory auditor's limited review report was clean with no qualifications or emphasis of matter. Alongside the results, the board approved re-appointment of Mr. Anuj Inani as Whole Time Director and Mr. Mahesh Kumar Inani as Joint Managing Director, material related party transactions with Atlas Marble and Granite Tr. and Miraak Surfaces Pvt. Ltd., and a change of secretarial auditor from M/s Anil Somani & Associates to M/s Varun Kabra & Associates.
A loss-making quarter with declining revenue signals operating weakness and is likely negative for the stock. The two material related party transactions with related entities may also raise governance concerns for minority shareholders, even though director continuity provides some stability.