Results-Financial Results for the quarter ended 31st March 2026
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Nidhi Granites Ltd reported strong consolidated results for FY26 with revenue growing 44% to Rs 6,520.44 Lakhs from Rs 4,527.75 Lakhs, while PAT jumped over 300% to Rs 767.77 Lakhs from Rs 191.85 Lakhs. However, standalone performance tells a different story – the parent company posted a loss of Rs 126.56 Lakhs for FY26 compared to a profit of Rs 101.32 Lakhs in FY25, with revenue declining sharply to Rs 17.59 Lakhs from Rs 156.43 Lakhs. The auditors issued an unmodified opinion confirming clean financials. The company acquired Auro Fintech Private Limited (renamed Paynov8 Private Limited) for Rs 60.57 Lakhs during the year, contributing significantly to consolidated results through its subsidiaries including SPNP Paper and Pack, Yug Fashion Garments, and Fine Papyrus. Cash and cash equivalents dropped from Rs 64.03 Lakhs to Rs 9.51 Lakhs on standalone basis.
Consolidated results show the group is performing well with strong growth, but the standalone entity is struggling with losses and declining revenues. Shareholders should monitor whether the parent company can turn profitable or become dependent on subsidiary contributions.