Financial Performance Highlights

Quarter Ended September 30, 2026 (Audited):

  • Revenue from Operations: ₹1,689.77 lakhs (compared to ₹2,026.91 lakhs in Q2 FY26)
  • Total Income: ₹1,816.87 lakhs (compared to ₹2,413.08 lakhs in Q2 FY26)
  • Total Expenses: ₹2,686.44 lakhs (compared to ₹2,653.99 lakhs in Q2 FY26)
  • Loss Before Tax: ₹(869.57) lakhs (compared to ₹(240.91) lakhs in Q2 FY26)
  • Net Loss: ₹(801.90) lakhs (compared to ₹(249.17) lakhs in Q2 FY26)
  • Basic EPS: ₹(5.31) (compared to ₹(1.66) in Q2 FY26)

Half Year Ended September 30, 2026 (Audited):

  • Revenue from Operations: ₹3,839.31 lakhs (compared to ₹4,730.58 lakhs in H1 FY26)
  • Total Income: ₹3,937.60 lakhs (compared to ₹5,160.43 lakhs in H1 FY26)
  • Total Expenses: ₹5,554.26 lakhs (compared to ₹5,391.43 lakhs in H1 FY26)
  • Loss Before Tax: ₹(1,616.66) lakhs (compared to ₹(231.00) lakhs in H1 FY26)
  • Net Loss: ₹(1,547.38) lakhs (compared to ₹(243.59) lakhs in H1 FY26)
  • Basic EPS: ₹(10.14) (compared to ₹(1.66) in H1 FY26)

Segment-wise Performance

Quarter Ended September 30, 2026:

  • Quartz Division Revenue: ₹114.21 lakhs, Segment Result: ₹(80.83) lakhs loss
  • Granite Slabs/Tiles Division Revenue: ₹1,702.67 lakhs, Segment Result: ₹(444.98) lakhs loss
  • Total Segment Results: ₹(525.81) lakhs loss

Half Year Ended September 30, 2026:

  • Quartz Division Revenue: ₹646.89 lakhs, Segment Result: ₹(204.64) lakhs loss
  • Granite Slabs/Tiles Division Revenue: ₹3,290.71 lakhs, Segment Result: ₹(776.53) lakhs loss
  • Total Segment Results: ₹(981.17) lakhs loss

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹38,412.79 lakhs (compared to ₹39,426.02 lakhs as at March 31, 2026)
  • Equity Share Capital: ₹1,530.00 lakhs (unchanged)
  • Total Equity: ₹15,843.21 lakhs (compared to ₹17,394.10 lakhs as at March 31, 2026)
  • Total Liabilities: ₹22,569.58 lakhs (compared to ₹22,031.93 lakhs as at March 31, 2026)
  • Cash and Cash Equivalents: ₹51.69 lakhs (compared to ₹319.40 lakhs as at March 31, 2026)
  • Inventories: ₹20,285.97 lakhs (compared to ₹21,258.02 lakhs as at March 31, 2026)

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Cash from Operating Activities: ₹1,381.44 lakhs
  • Cash from Investing Activities: ₹(5.24) lakhs
  • Cash from Financing Activities: ₹(1,719.92) lakhs
  • Net Decrease in Cash: ₹(343.71) lakhs

Key Notes and Disclosures

1. The audited Standalone Financial Results were reviewed by the Audit Committee and approved by the Board on November 12, 2026.

2. Results prepared in accordance with Indian Accounting Standards (IND AS).

3. The company has assessed implications of new Labour Codes effective November 21, 2025, and found no material impact on employee benefits for the quarter.

4. The company operates in two segments: Manufacturing of Granite Tiles/Slabs and Manufacturing of Quartz (Engineered) Slabs.

5. Previous period figures have been regrouped/rearranged for comparability.