Un-Audited Financial Results for the Quarter Ended on 31st December 2025
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Nidhi Granites Ltd reported Q3 FY26 results on a consolidated basis, with revenue from operations rising to Rs 1,555.07 lakhs (up ~16% QoQ and ~16% YoY) and net profit jumping to Rs 220.61 lakhs (up ~71% QoQ and ~134% YoY). For the nine months ended December 2025, consolidated revenue grew ~40% to Rs 4,854.22 lakhs and net profit more than doubled to Rs 573.81 lakhs versus Rs 279.51 lakhs a year ago, driven mainly by the Paper & Paperboard segment and the newly added Financial Technology segment. On a standalone basis, however, the company reported a loss of Rs 32.30 lakhs for the quarter and Rs 93.29 lakhs for nine months, as its standalone granite operations remain negligible. The board also approved the re-appointment of Mr. Darpan Shah as Managing Director for another 5 years and the shifting of the registered office from Andheri East to Malad West effective 1 April 2026.
Strong consolidated performance is positive for shareholders, reflecting the successful integration of the Paynov8 (formerly Auro Fintech) acquisition and growth in the paper segment. However, the standalone losses highlight that the parent company's core granite business is no longer a meaningful contributor, so the stock's value is now essentially tied to its subsidiaries. The MD's continuation provides leadership stability ahead of the next growth phase.