- Home
- Results news
- Solid Stone Company
- Q2 FY27 results
Solid Stone Company Q2 FY27 results: net profit down 41.7% to ₹0.07 crore, revenue down 2.9%
Solid Stone Company Ltd reported consolidated revenue of ₹6.12 crore in Q2 FY27, down 2.9% from ₹6.30 crore in Q2 FY26 but up 21.7% from ₹5.03 crore in Q1 FY27. EBITDA was ₹0.88 crore, with a 14.3% margin, while net profit was ₹0.07 crore and basic EPS was ₹0.14.
Key points
- Q2 FY27 consolidated revenue was ₹6.12 crore, down 2.9% year on year and up 21.7% from the previous quarter.
- EBITDA was ₹0.88 crore, down 16.2% from ₹1.05 crore in Q2 FY26; the margin declined to 14.3% from 16.6%.
- Net profit was ₹0.07 crore, down 41.7% from ₹0.12 crore in Q2 FY26 but up 75.0% from ₹0.04 crore in Q1 FY27.
- Basic EPS was ₹0.14, compared with ₹0.22 in Q2 FY26 and ₹0.08 in Q1 FY27.
- H1 FY27 revenue was ₹11.15 crore, down 6.9% from ₹11.98 crore, while net profit was ₹0.12 crore, down 25.0% from ₹0.16 crore.
How did Solid Stone Company perform in Q2 FY27?
Solid Stone Company reported consolidated revenue of ₹6.12 crore in Q2 FY27, down 2.9% from ₹6.30 crore in Q2 FY26 but up 21.7% from ₹5.03 crore in Q1 FY27. Total income was ₹6.14 crore, down 2.8% year on year and up 21.8% sequentially.
EBITDA was ₹0.88 crore, down 16.2% from ₹1.05 crore a year earlier and up 10.0% from ₹0.80 crore in the previous quarter. The EBITDA margin was 14.3%, compared with 16.6% in Q2 FY26 and 16.0% in Q1 FY27.
Profit before tax was ₹0.11 crore, down 47.6% from ₹0.21 crore in Q2 FY26 and up 83.3% from ₹0.06 crore in Q1 FY27. Net profit was ₹0.07 crore, down 41.7% year on year and up 75.0% sequentially, while basic EPS was ₹0.14 versus ₹0.22 and ₹0.08, respectively. On a standalone basis, revenue was ₹6.12 crore and net profit was ₹0.09 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 6.12 | 5.03 | 6.30 | −2.9% | +21.7% |
| Other income | 0.02 | 0.02 | 0.02 | +0.0% | +0.0% |
| Total expenses | 6.03 | 4.98 | 6.11 | −1.3% | +21.1% |
| EBITDA | 0.88 | 0.80 | 1.05 | −16.2% | +10.0% |
| EBITDA margin | 14.3% | 16.0% | 16.6% | −2.3 pp | −1.7 pp |
| Profit before tax | 0.11 | 0.06 | 0.21 | −47.6% | +83.3% |
| Tax | 0.02 | 0.02 | 0.09 | −77.8% | +0.0% |
| Net profit | 0.07 | 0.04 | 0.12 | −41.7% | +75.0% |
| EPS (₹) | 0.14 | 0.08 | 0.22 | −36.4% | +75.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Solid Stone Company's costs and profit?
Total expenses were ₹6.03 crore in Q2 FY27, down 1.3% from ₹6.11 crore in Q2 FY26 but up 21.1% from ₹4.98 crore in Q1 FY27. Other income was unchanged at ₹0.02 crore, and there was no exceptional item in either comparison period.
Against Q2 FY26, cost of materials rose 100.0% to ₹0.06 crore and employee cost rose 4.5% to ₹0.69 crore. Other expenses increased 18.5% to ₹0.77 crore, while finance costs fell 11.3% to ₹0.47 crore and depreciation was unchanged at ₹0.32 crore.
Tax expense fell 77.8% to ₹0.02 crore from ₹0.09 crore in Q2 FY26. Despite the lower tax expense, profit before tax fell to ₹0.11 crore from ₹0.21 crore and net profit fell to ₹0.07 crore from ₹0.12 crore. The filing did not state reasons for the movements in the cost lines.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0.06 | 0.03 | +0.03 | +100.0% |
| Employee cost | 0.69 | 0.66 | +0.03 | +4.5% |
| Finance costs | 0.47 | 0.53 | −0.06 | −11.3% |
| Depreciation | 0.32 | 0.32 | 0 | +0.0% |
| Other expenses | 0.77 | 0.65 | +0.12 | +18.5% |
| Total expenses | 6.03 | 6.11 | −0.08 | −1.3% |
| Other income | 0.02 | 0.02 | 0 | +0.0% |
| Tax | 0.02 | 0.09 | −0.07 | −77.8% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹11.15 crore, down 6.9% from ₹11.98 crore in H1 FY26. Total income was ₹11.18 crore, compared with ₹12.01 crore, while profit before tax fell to ₹0.17 crore from ₹0.27 crore.
Net profit for the first half was ₹0.12 crore, down 25.0% from ₹0.16 crore, and basic EPS was ₹0.21 compared with ₹0.30. The results were approved by the board on 5 November 2026 under Ind AS, with a limited review by Ashar & Co LLP.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 11.15 | 11.98 | −6.9% |
| Profit before tax | 0.17 | 0.27 | −37.0% |
| Net profit | 0.12 | 0.16 | −25.0% |
| EPS (₹) | 0.21 | 0.30 | −30.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹50.78 crore, compared with ₹50.38 crore at 31 March 2026, and total equity was ₹23.01 crore against ₹22.89 crore. Borrowings rose to ₹17.58 crore from ₹16.12 crore, while cash increased to ₹0.22 crore from ₹0.06 crore.
Inventories rose to ₹31.85 crore from ₹30.21 crore. Trade receivables fell to ₹3.39 crore from ₹4.85 crore, while trade payables increased to ₹3.53 crore from ₹2.50 crore. For H1 FY27, operating cash flow was ₹0.31 crore, compared with ₹1.47 crore in H1 FY26.
Investing cash flow was a cash outflow of ₹0.22 crore in H1 FY27, compared with an outflow of ₹0.05 crore a year earlier. Financing cash flow was an inflow of ₹0.07 crore, against an outflow of ₹1.42 crore in H1 FY26, while capital expenditure was ₹0.22 crore compared with ₹0.05 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 50.78 | 50.38 |
| Total equity | 23.01 | 22.89 |
| Borrowings | 17.58 | 16.12 |
| Cash and equivalents | 0.22 | 0.06 |
| Inventories | 31.85 | 30.21 |
| Trade receivables | 3.39 | 4.85 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.31 | 1.47 |
| Cash from investing | −0.22 | −0.05 |
| Cash from financing | 0.07 | −1.42 |
| Capital expenditure | 0.22 | 0.05 |
Source: Company's results filing (XBRL).
How has Solid Stone Company done over the last 8 quarters?
Revenue over the last eight quarters peaked at ₹9.06 crore in Q4 FY26 and bottomed at ₹4.70 crore in Q3 FY26. It rose to ₹5.03 crore in Q1 FY27 and ₹6.12 crore in Q2 FY27, remaining below the Q4 FY26 peak.
Net profit reached its highest point at ₹0.30 crore in Q4 FY26 and its lowest at ₹0.04 crore in Q1 FY26 and Q3 FY26. It was ₹0.07 crore in Q2 FY27, above the preceding quarter but below the peak. The EBITDA margin peaked at 17.8% in Q3 FY26 and was 14.3% in Q2 FY27.
How did other Other Construction Materials companies do?
Eight Other Construction Materials companies filed this quarter, with a median revenue growth of 13.3%. Seven grew faster than Solid Stone Company, while one grew more slowly. Ten of the 12 companies for which profit was compared reported higher profit.
| Solid Stone Company revenue growth (YoY) | −2.9% |
|---|---|
| Median of 8 other Other Construction Materials companies | +13.3% |
| Companies with slower revenue growth than Solid Stone Company | 1 of 8 |
| Companies with faster revenue growth than Solid Stone Company | 7 of 8 |
| Companies whose net profit rose | 10 of 12 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Solid Stone Company's revenue in Q2 FY27?
Revenue from operations was ₹6.12 crore, down 2.9% from ₹6.30 crore in Q2 FY26 (consolidated).
Did Solid Stone Company make a profit in Q2 FY27?
Yes. Net profit was ₹0.07 crore, against a net profit of ₹0.12 crore in Q2 FY26.
What was Solid Stone Company's EPS in Q2 FY27?
Basic earnings per share were ₹0.14, against ₹0.22 in Q2 FY26.
When did Solid Stone Company announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Quarter And Half Year Results Ended 30.09.2026 (BSE, 28 October 2026) · PDF
- Submission Of Unaudited Financial Results (Standalne And Consolidated) For The Quarter And Half Year Ended September 30, 2026 And Limited Review Report Pursuant To Reguation 33 Of SEBI (LODR), 2015 (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.