Madhav Marbles and Granites Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
MADHAV · price
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Madhav Marbles and Granites reported Q1 FY26 standalone revenue from operations of Rs. 792.16 lakhs, down about 25% from Rs. 1,060.49 lakhs in Q1 FY25. Standalone net profit fell to Rs. 16.13 lakhs (EPS Rs. 0.18) versus Rs. 44.72 lakhs (EPS Rs. 0.50) a year earlier. On a consolidated basis, the company swung to a net loss of Rs. 17.66 lakhs versus a loss of Rs. 3.36 lakhs in Q1 FY25, hurt by a loss in the Granite & Stone division segment. The Power Generation segment, however, performed strongly, posting segment profit of Rs. 41.99 lakhs versus Rs. 17.07 lakhs last year. The auditor (Nyati & Associates) issued a clean limited review report with no qualifications. The Board also approved leasing one of its three windmills to a newly formed entity in which MMGL will hold 74% and HT Consumers will hold 26%, aimed at improving revenue from direct power sales.
Weak quarter for shareholders — core granite business saw sharp revenue and margin compression, pushing the consolidated entity into a loss. The windmill restructuring could support future power-segment earnings but does not offset the near-term pressure on the stock price.