Madhav Marbles and Granites Limited has informed the Exchange regarding 'Submission of Results in Machine Readbale Form'.
MADHAV · price
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Awaiting price reaction for this filing.
Madhav Marbles reported weak Q3 FY26 results with standalone revenue from operations of Rs. 660.25 lakhs, down from Rs. 685.09 lakhs in the same quarter last year. The company swung to a standalone net loss of Rs. 12.73 lakhs in Q3 FY26 from a profit of Rs. 60.41 lakhs a year ago, with EPS turning negative at Rs. (0.14). For the nine-month period, standalone profit before tax collapsed to Rs. 8.68 lakhs from Rs. 136.30 lakhs last year. On a consolidated basis, losses were much deeper at Rs. 48.77 lakhs for the quarter and Rs. 110.19 lakhs for the nine months, partly cushioned by a share of profit from associates (Rs. 20.17 lakhs in Q3). The Granite & Stone segment turned loss-making (Rs. 77.56 lakhs consolidated loss in Q3), while the Power Generation unit remained profitable. Both subsidiaries (MNSSPL and MAVPL) reported losses and combined net cash outflow of about Rs. 22.62 lakhs for the nine-month period.
Shareholders should note the sharp deterioration in profitability, with consolidated losses widening and the core Granite & Stone business swinging into the red. Revenue is also trending down year-on-year, suggesting ongoing demand or pricing pressure, though the company retains healthy reserves of over Rs. 11,500 lakhs on a consolidated basis to absorb the weakness.