Submission of Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2025 as per Regulation 33 of SEBI (LODR), 2015
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Solid Stone Company Ltd reported its Q1 FY26 (quarter ended 30 June 2025) results along with a clean limited review report from statutory auditor M/s. Merchant & Co. Standalone revenue from operations rose to Rs. 567.44 lakhs from Rs. 424.47 lakhs in Q1 FY25, a growth of about 33.7% year-on-year. Net profit for the quarter stood at Rs. 5.08 lakhs (EPS Rs. 0.09) versus Rs. 4.40 lakhs (EPS Rs. 0.08) in the same quarter last year. On a consolidated basis, after factoring in a Rs. 0.70 lakh share of loss from associate Global Instile Solid Industries, net profit came in at Rs. 4.38 lakhs (EPS Rs. 0.08). Profit before tax of Rs. 5.93 lakhs was sharply lower than the previous quarter's Rs. 44.53 lakhs, indicating margin pressure. The auditor issued an unmodified review report with no qualifications or emphasis of matter.
Strong top-line growth is a positive, but the muted profit growth and steep sequential drop in profitability suggest rising costs or margin compression, which shareholders should watch closely. The clean audit report and lack of any red flags provide some comfort on governance.