Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
Date of Board Meeting / Approval: Friday, August 7, 2026 (commenced at 12:15 P.M., concluded at 01:30 P.M.)
Audit Opinion: Unqualified opinion
Auditor’s Comment: The statutory auditor, Alok Mittal & Associates, issued an unqualified opinion. The report notes that the Government of India implemented four new Labour Codes effective November 21, 2025. The Company reassessed its employee benefit obligations based on the revised definition of wages and found no implication for past service cost for the quarter. The impact of any rules yet to be notified will be evaluated as they are announced.
Key Financial Highlights [Rs. In Lacs]
Standalone Results:
Revenue from Operations: ₹2,062.42 lacs (Q1 FY27) vs. ₹2,703.66 lacs (Q1 FY26) [YoY decrease]
Other Income: ₹58.31 lacs (Q1 FY27) vs. ₹43.69 lacs (Q1 FY26)
Total Income (I+II): ₹2,120.73 lacs (Q1 FY27) vs. ₹2,747.35 lacs (Q1 FY26) [YoY decrease]
Expenses: ₹2,867.83 lacs (Q1 FY27) vs. ₹2,737.43 lacs (Q1 FY26) [YoY increase]
Profit/(Loss) before exceptional items & Tax (III-IV): (₹747.10) lacs (Q1 FY27) vs. ₹9.92 lacs (Q1 FY26) [Material deterioration]
Profit/(loss) Before Taxes (V-VI): (₹747.10) lacs (Q1 FY27) vs. ₹9.92 lacs (Q1 FY26)
Total Tax expense: (₹1.61) lacs (Q1 FY27) [Deferred tax credit] vs. ₹4.34 lacs (Q1 FY26)
Profit/(Loss) for the period from Continuing operation (VII-VIII): (₹745.49) lacs (Q1 FY27) vs. ₹5.58 lacs (Q1 FY26) [Material deterioration]
Profit/(Loss) for the period from Discontinuing operation: Not Specified
Other Comprehensive income for the period (after tax): ₹6.49 lacs (Q1 FY27)
Total Comprehensive Income for the period (XIII+XIV): (₹739.00) lacs (Q1 FY27) vs. ₹0.00 lacs (Q1 FY26)
Paid up Equity Share Capital (Face Value of Rs.10 each): ₹1,530 lacs
Other Equity: Not disclosed in results table
Earnings per Equity Share (for continuing operation) - Basic (in Rs.): (₹4.83) (Q1 FY27) vs. ₹0.00 (Q1 FY26)
Earnings per Equity Share (for continuing operation) - Diluted (in Rs.): (₹4.83) (Q1 FY27) vs. ₹0.00 (Q1 FY26)
EBITDA: Not disclosed
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed in results table, but Financial Costs were ₹291.75 lacs for Q1 FY27.
Segment-wise Performance [Rs. in lacs]:
Segment Revenue:
- Quartz Division: ₹532.68 lacs (Q1 FY27) vs. ₹874.61 lacs (Q1 FY26) [YoY decrease]
- Granite Slabs/Tiles Division: ₹1,588.04 lacs (Q1 FY27) vs. ₹1,872.74 lacs (Q1 FY26) [YoY decrease]
- Unallocated Segment: -
Total Revenue from Operations: ₹2,120.73 lacs (Q1 FY27) vs. ₹2,747.35 lacs (Q1 FY26)
Segment Results (Profit/Loss):
- Quartz Division: (₹123.81) lacs (Q1 FY27) vs. (₹48.42) lacs (Q1 FY26) [Deterioration]
- Granite Slabs/Tiles Division: (₹331.55) lacs (Q1 FY27) vs. ₹406.23 lacs (Q1 FY26) [Material deterioration]
Total Segment Results: (₹455.36) lacs (Q1 FY27) vs. ₹357.81 lacs (Q1 FY26)
Corporate Actions:
Dividend declarations: Not Specified
Share split, bonus issue, buyback: Not Specified
Capital raising: Not Specified
Other Significant Information:
Major capex approvals: Not Specified
Guidance or management outlook: Not Specified
Exceptional items: None reported for the quarter.