Madhav Marbles and Granites Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
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Madhav Marbles and Granites Limited's Board, at its meeting on August 13, 2025, approved the un-audited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations fell to Rs. 792.16 lakhs from Rs. 1,060.49 lakhs in Q1 FY25, a decline of about 25%. Net profit dropped sharply to Rs. 16.13 lakhs from Rs. 44.72 lakhs, with EPS at Rs. 0.18 vs Rs. 0.50 earlier. On a consolidated basis, the company swung to a net loss of Rs. 17.66 lakhs compared to a loss of Rs. 3.36 lakhs in the year-ago quarter. Segment-wise, the Granite & Stone division's profit collapsed to Rs. 1.74 lakhs (standalone) and turned into a loss of Rs. 39.53 lakhs (consolidated), while the Power Generation Unit performed well with revenue rising to Rs. 116.75 lakhs. The Board also approved leasing one of its windmills to a new entity where MMGL will hold 74% and HT Consumers will hold 26%, to enable direct sale of power.
Weak quarter with a sharp revenue decline and a consolidated net loss signals operational stress, particularly in the core Granite & Stone business. The windmill restructuring is a positive step aimed at improving power revenue, but near-term shareholder sentiment may remain cautious given the year-on-year earnings fall.