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Quarterly results

standalone · as filed with NSE · Q1 FY27 back to Q1 FY19

₹ crore	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19
Revenue from operations	20.6	11.5	14.7	20.3	27	26.8	30.1	28.6	37.6	32.9	33.4	37.4	51.4	47	34.3	37.6	45	49.1	57.6	63.8	54.2	56	48.3	46.7	28.3	43.6	42.5	43.3	48.3	47	39.8	41.9	43.7
Other income	0.6	2.5	5	3.9	0.4	5.1	5.4	−2.1	1.2	0.3	0.2	1.3	0.6	0.1	0.2	0.9	0.1	−0.2	1.2	2	0.1	0.2	0.1	0.1	0.1	1.8	1.1	0.1	0.1	1	4.3	0.3	0.1
Total expenses	28.7	20.4	22.6	26.5	27.4	31.9	35.2	34	38.6	32.9	33.2	38.3	49.8	46.8	41.3	38.2	44.7	48.2	57.8	59.9	51.1	52.5	47.4	44.1	28	44.6	43.1	43	45	43.2	39.8	41.1	41.6
EBITDA	−2.7	−2.8	−1.8	0.5	5.6	0.7	0.4	0.1	5.1	8	6.8	5.6	8.5	7	−0.5	5.9	6	6.2	5.1	9.3	7.8	8.3	4.4	6.8	4.4	3.4	3.9	4.4	6.8	7.2	3.1	4.2	5.5
EBITDA margin	-12.9%	-24.3%	-11.9%	2.2%	20.7%	2.6%	1.4%	0.2%	13.6%	24.3%	20.3%	14.9%	16.5%	15.0%	-1.6%	15.7%	13.3%	12.6%	8.9%	14.6%	14.4%	14.7%	9.1%	14.5%	15.5%	7.9%	9.2%	10.2%	14.0%	15.4%	7.9%	10.1%	12.5%
Finance costs	2.9	3.6	3.8	4.3	3.5	3.3	3	3.1	3.5	5	3.7	3.5	3.9	3.7	3.2	3.3	2.5	2	2.1	2.2	1.6	1.6	0.9	1.5	1.5	1.6	1.5	1.4	1.4	1.4	1.1	1.4	1.2
Depreciation	2.5	2.5	2.4	2.5	2.5	2.5	2.5	2.4	2.6	2.9	2.9	2.9	2.9	3.2	3.2	3.2	3.1	3.2	3.2	3.2	3.2	3.1	2.6	2.7	2.6	2.8	2.9	2.7	2.1	2.1	2.1	2.1	2.1
Profit before tax	−7.5	−6.4	−2.9	−2.4	0.1	0.1	0.4	−7.5	0.1	0.4	0.3	0.4	2.2	0.2	−6.8	0.3	0.4	0.7	1	5.9	3.1	3.8	1	2.8	0.4	0.8	0.5	0.5	3.4	4.8	4.2	1.1	2.3
Tax	−0	0	0.1	0.1	0	0.1	0.4	−0.3	0	0	0.3	0.1	0.9	−0.3	0.4	−0.4	0.2	0.8	−0.1	0.9	0.2	1	−0	0.9	0.1	0.4	−0.2	0.4	1	1.3	0.1	0.6	0.8
Net profit	−7.5	−6.4	−3	−2.5	0.1	0	−0	−7.2	0.8	0.4	0.1	0.4	1.3	0.5	−7.1	0.7	0.2	−0.2	1.1	5	3	2.8	1	1.9	0.3	0.5	0.7	0.1	2.4	3.5	4.2	0.5	1.5
Net margin	-36.1%	-55.6%	-20.2%	-12.3%	0.2%	0.1%	-0.0%	-25.2%	2.0%	1.1%	0.2%	1.0%	2.6%	1.0%	-20.8%	1.8%	0.4%	-0.3%	2.0%	7.8%	5.5%	4.9%	2.2%	4.0%	1.2%	1.1%	1.6%	0.2%	5.0%	7.4%	10.5%	1.3%	3.5%
EPS (₹)	-4.83	-4.21	-1.92	-1.66	0.00	0.03	0.02	-4.66	0.54	0.22	0.05	0.28	0.89	0.30	-4.70	0.45	0.06	-0.10	0.78	3.26	1.96	1.86	0.71	1.23	0.22	0.14	0.33	0.03	1.56	2.20	2.73	0.36	0.99
Net profit YoY	−13460.0%	−28576.9%	−65995.6%	+65.4%	−92.6%	−93.8%	−105.6%	−1956.8%	−43.0%	−26.2%	+101.1%	−43.4%	+637.8%	+412.4%	−730.1%	−86.2%	−94.0%	−105.6%	+8.2%	+162.7%	+771.7%	+496.1%	+58.9%	+2344.0%	−85.8%	−86.6%	−84.2%	−85.5%	+55.9%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	73.5	123	155	164	225	179	178	172
Other income	11.8	9.7	0.4	0.5	1.4	0.6	3.2	2.1
Total expenses	97	140	152	170	215	172	176	162
EBITDA	1.5	6.3	30.9	19.1	30.1	23.8	18.5	23.8
EBITDA margin	2.0%	5.1%	19.9%	11.6%	13.4%	13.3%	10.4%	13.8%
Finance costs	15.1	12.9	16.1	12.8	7.9	5.4	6	5.1
Depreciation	9.8	9.9	11.7	12.7	12.7	11.1	10.5	8.3
Profit before tax	−11.6	−6.9	3.4	−5.9	10.8	8	5.2	12.5
Tax	0.2	−0.4	2.1	−0.1	1.9	1.9	1.6	2.8
Net profit	−11.8	−6.4	1.3	−5.8	8.9	6	3.6	9.7
Net margin	-16.1%	-5.2%	0.8%	-3.5%	4.0%	3.4%	2.0%	5.6%
EPS (₹)	-7.79	-4.07	0.88	-3.84	5.89	4.02	2.14	6.29
Net profit YoY	−84.0%	−588.8%	+122.7%	−165.0%	+47.2%	+67.7%	−62.9%	–

EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore

₹ crore	FY26	FY25	FY24	FY23	FY22
Operating cash flow	16.7	41.5	19	14	−17.1
Investing cash flow	2.9	0.2	0	−3	−6.2
Financing cash flow	−15.5	−42	−16.3	−7.1	22.9
Capital expenditure	0.1	0.4	0.2	3.4	6.5
Free cash flow (CFO − capex)	16.6	41.1	18.8	10.6	−23.6

Net profit trend

annual, ₹ crore

FY21

₹6

FY22

₹8.9+47%

FY23

₹−5.8−165%

FY24

₹1.3+123%

FY25

₹−6.4−589%

FY26

₹−11.8−84%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Standalone · audited	7 Aug 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	15 May 2026	PDF on NSE XBRL
Q3 FY26	Standalone · audited	4 Feb 2026	PDF on NSE XBRL
Q2 FY26	Standalone · audited	12 Nov 2025	PDF on NSE XBRL
Q1 FY26	Standalone · audited	1 Aug 2025	PDF on NSE XBRL
Q4 FY25	Standalone · audited	16 May 2025	PDF on NSE XBRL
Q3 FY25	Standalone · audited	4 Feb 2025	PDF on NSE XBRL
Q2 FY25	Standalone · audited	15 Nov 2024	PDF on NSE XBRL
Q1 FY25	Standalone · audited	26 Jul 2024	PDF on NSE XBRL
Q4 FY24	Standalone · audited	23 Apr 2024	PDF on NSE XBRL

Annual reports

NSE archive

FY262.97 MB FY25 FY24 FY23 FY21 FY20 FY19 FY18 FY17 FY16

Key ratios

P/E (TTM)-1.9×

P/B0.21×

ROEFY26, on average equity-6.6%

Net margin-16.1%

Debt / equity0.87×

Revenue CAGR (3Y)-23.5%

Profit CAGR (3Y)–

EPS (TTM)₹-12.63

Market cap₹37 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

Balance sheet 31 Mar 2026

Total assets₹394 Cr−6%

Net worth₹174 Cr−6%

Total borrowings₹152 Cr−5%

Cash & bank balances₹3 Cr+462%

Investments₹0 Cr−59%

Inventories₹213 Cr−1%

Trade receivables₹23 Cr−35%

Trade payables₹45 Cr−7%

Change vs the same date a year earlier.

Revenue mix FY26

b. Granite Slabs/ Tiles Divisions86.4%result ₹7.3 Cr

a. Quartz Divison13.6%result ₹−3.8 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	41.08	41.08	41.08	41.08	41.08	41.08	41.08	41.08	41.08	41.06	41.06	41.06
FII	–	–	–	–	–	0.00	0.00	0.60	0.03	0.02	0.00	0.00
Retail	50.14	50.30	50.16	50.35	50.12	50.08	49.97	49.41	51.26	50.97	50.32	49.88
Other public	8.78	8.62	8.76	8.57	8.80	8.84	8.95	8.91	7.63	7.95	8.62	9.06

11,140 shareholders · NSE shareholding pattern filings.