Un-Audited Financial Results along with Limited Review Report for the half Year ended on 30th September, 2025.
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Awaiting price reaction for this filing.
Shiva Granito Export Ltd reported its H1 FY26 (April–September 2025) results with net sales of Rs. 215.19 lakhs, up roughly 18% from Rs. 182.34 lakhs in H1 FY25. However, profitability nearly collapsed, with net profit falling to just Rs. 0.08 lakhs from Rs. 1.67 lakhs in the same period last year — a sharp drop of over 95%. Total expenses remained high relative to the modest revenue base, compressing operating margins. The balance sheet shows total assets of Rs. 3,433.55 lakhs against equity of Rs. 2,411.15 lakhs. An Independent Director, Mrs. Chanchal Nuwal, resigned effective 12 November 2025. The limited review report from Nenawati & Associates is clean and unqualified.
Despite decent revenue growth, profitability has almost vanished, which is a serious red flag for shareholders. The resignation of an independent director shortly before results were approved may also raise minor corporate governance concerns; the stock could see pressure given the weak earnings.