Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Year ended March 31, 2026
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations
Audit Opinion:
Modified Opinion (Qualified)
Key Financial Highlights [Rs. in lakhs]:
Standalone Results:
Quarter ended March 31, 2026:
- Revenue from Operations: 909.48 (vs 767.08 in Q4 FY25, +18.6% YoY)
- Other Income: 507.52 (includes Profit on Sale of Windmill: 313.49)
- Total Income: 1,417.00
- Total Expenses: 1,123.35
- Profit Before Tax: 293.65 (vs loss of 27.55 in Q4 FY25)
- Net Profit: 232.30
- EPS: 2.60
Year ended March 31, 2026:
- Revenue from Operations: 3,046.24 (vs 3,094.89 in FY25, -1.6% YoY)
- Other Income: 902.60 (vs 453.89 in FY25, +98.9% YoY)
- Total Income: 3,948.84
- Total Expenses: 3,646.51
- Profit Before Tax: 302.33 (vs 108.73 in FY25, +178.0% YoY)
- Net Profit: 238.81 (vs 75.11 in FY25, +217.8% YoY)
- EPS: 2.67 (vs 0.84 in FY25)
- Reserves: 13,123.56
- Cash and Cash Equivalents: 124.63
Consolidated Results:
Quarter ended March 31, 2026:
- Revenue from Operations: 923.92 (vs 767.16 in Q4 FY25, +20.4% YoY)
- Other Income: 462.46 (includes Profit on Sale of Windmill: 313.49)
- Total Income: 1,386.38
- Total Expenses: 1,138.76
- Profit Before Tax: 247.62 (vs loss of 72.13 in Q4 FY25)
- Net Profit: 149.11
- EPS: 1.67
Year ended March 31, 2026:
- Revenue from Operations: 3,071.12 (vs 3,105.74 in FY25, -1.1% YoY)
- Other Income: 725.48 (vs 296.69 in FY25, +144.5% YoY)
- Total Income: 3,796.60
- Total Expenses: 3,723.45
- Profit Before Tax: 73.15 (vs loss of 114.77 in FY25)
- Net Profit: 38.92 (vs loss of 67.98 in FY25)
- EPS: 0.44 (vs -0.76 in FY25)
- Reserves: 11,482.04
- Cash and Cash Equivalents: 142.79
Segment-wise Performance [Rs. in lakhs]:
Standalone Segment Results for FY26:
Granite & Stone Division:
- Segment Revenue: 3,234.40
- Segment Profit/(Loss) before tax and interest: (41.72)
Realty Division:
- Segment Revenue: 0.00
- Segment Profit/(Loss) before tax and interest: 0.00
Power Generation Unit:
- Segment Revenue: 268.09
- Segment Profit/(Loss) before tax and interest: 437.25
Consolidated Segment Results for FY26:
Granite & Stone Division:
- Segment Revenue: 3,259.28
- Segment Profit/(Loss) before tax and interest: (219.72)
Realty Division:
- Segment Revenue: 0.00
- Segment Profit/(Loss) before tax and interest: 0.00
Power Generation Unit:
- Segment Revenue: 268.09
- Segment Profit/(Loss) before tax and interest: 437.25
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.
Other Significant Information:
Management's Response to Audit Qualifications:
- Management believes subsidiary challenges are temporary and cyclical
- Undertaken internal assessment of recoverability considering business plans and projected cash flows
- Investments are strategic and long-term in nature
- Promoters reaffirmed continued financial support to subsidiaries
- No impairment provision considered necessary at this time
Subsidiary Challenges Cited:
- Geopolitical conflicts/war situations affecting dispatches and shipments
- Substantial increase in ocean freight and logistics costs
- Uncertainty in tariffs on quartz products
- Delays in customer clearances
- Temporary cash flow constraints
Cash Flow Statements:
Standalone FY26:
- Net Cash from Operating Activities: 400.68 lakhs
- Net Cash Used in Investing Activities: (544.17) lakhs
- Net Cash Used in Financing Activities: (471.12) lakhs
- Net Increase in Cash: 112.89 lakhs
Consolidated FY26:
- Net Cash from Operating Activities: 519.14 lakhs
- Net Cash Used in Investing Activities: 107.08 lakhs
- Net Cash Used in Financing Activities: (522.30) lakhs
- Net Increase in Cash: 103.92 lakhs
Assets and Liabilities Position as of March 31, 2026:
Standalone:
- Total Assets: 15,720.72 lakhs
- Total Liabilities: 1,702.46 lakhs
- Net Worth: 14,284.40 lakhs
Consolidated:
- Total Assets: 13,717.21 lakhs
- Total Liabilities: 1,909.34 lakhs
- Net Worth: 12,227.46 lakhs