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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17

₹ 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	Q3 FY19	Q2 FY19	Q4 FY17
Revenue from operations	531	538	424	407	388	472	360	384	343	424	371	401	335	456	399	398	310	478	437	376	273	434	384	344	129	258	298	357	296	283	392
Other income	1.4	4	2.9	3.3	4.8	6.9	0.8	1	0.5	4.4	1.3	1.2	5.5	3.1	6.9	4.9	1.9	1.6	1.4	38.8	0.3	0.1	0.6	0.4	0.2	2.5	0.8	1.1	1	0.6	0.5
Total expenses	523	585	403	391	384	463	363	388	346	428	387	400	343	519	443	413	318	462	412	356	261	408	350	319	141	253	284	344	288	279	371
EBITDA	32.9	−20.9	40.8	36.6	24.9	29.2	15.9	14.6	16.1	19.9	1.5	19.9	9.6	−44	−28.6	−0.9	5.4	29.1	37.1	33.5	24.9	41.3	49.5	41.4	3.8	20.7	33.5	29.2	24	18	36.3
EBITDA margin	6.2%	-3.9%	9.6%	9.0%	6.4%	6.2%	4.4%	3.8%	4.7%	4.7%	0.4%	5.0%	2.9%	-9.7%	-7.2%	-0.2%	1.7%	6.1%	8.5%	8.9%	9.1%	9.5%	12.9%	12.0%	2.9%	8.0%	11.3%	8.2%	8.1%	6.4%	9.3%
Finance costs	8.5	9.3	6.8	7.1	7.2	8.1	6.3	6.2	5.8	11.2	5.2	7.1	7.8	10.4	5.6	5.4	5.6	5.3	5.6	6.3	6.2	8	8	8.4	8.3	9.7	10.3	8.6	8.7	8.2	8.3
Depreciation	16	16.3	13	13.2	13.6	12.4	12.9	12.7	12.8	12.9	12.1	12.3	9.7	8.6	9.2	8.5	7.7	7.9	7.2	7.7	7.2	7.3	7.2	7.3	7.5	6.3	9.3	7.5	7.5	6.8	7.1
Profit before tax	9.8	−42.5	23.8	19.7	8.9	15.6	−2.5	−3.3	−2	0.2	−14.5	1.8	−2.4	−60	−36.5	−9.9	−6	17.6	25.7	58.3	11.7	26.1	34.8	26.1	−11.9	7.1	14.7	14.1	8.8	3.7	21.4
Tax	1.7	−9.9	5.3	3	1.6	−0.8	−1.6	−8	−2.4	5.6	−6.4	4.6	1.2	−11.9	−9.6	−2.3	−1.8	6	7.8	4.3	3.7	7.1	9.8	5.7	−3.1	0.8	3.6	0.2	3.8	0.8	4.2
Net profit	8.1	−32.7	18.5	16.7	7.2	16.4	−0.9	4.7	0.3	−5.5	−8.1	−2.8	−3.5	−48.2	−26.9	−7.6	−4.3	11.6	18	54.2	8.4	20.3	25.6	20.2	−8.4	6.9	11.4	14.6	6	4.3	17.9
Net margin	1.5%	-6.1%	4.4%	4.1%	1.9%	3.5%	-0.2%	1.2%	0.1%	-1.3%	-2.2%	-0.7%	-1.1%	-10.6%	-6.7%	-1.9%	-1.4%	2.4%	4.1%	14.4%	3.1%	4.7%	6.7%	5.9%	-6.5%	2.7%	3.8%	4.1%	2.0%	1.5%	4.6%
EPS (₹)	0.27	-1.08	0.87	0.70	0.32	1.29	0.02	0.51	0.15	-0.19	-0.49	-0.10	-0.19	-3.53	-1.79	-0.26	-0.23	2.13	3.36	15.70	2.40	6.21	8.08	6.42	-2.48	2.34	3.70	4.23	1.54	0.00	5.60
Net profit YoY	+11.5%	−298.9%	+2164.1%	+255.8%	+2092.7%	+400.3%	+88.9%	+267.7%	+109.3%	+88.6%	+69.9%	+63.0%	+16.7%	−516.7%	−249.7%	−114.0%	−150.7%	−43.1%	−29.8%	+168.8%	+199.4%	+195.0%	+123.8%	+37.9%	–	–	+91.2%	+239.2%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY17
Revenue from operations	1,858	1,559	1,531	1,563	1,564	1,292	1,225	1,171
Other income	16.8	9.2	12.4	16.8	42.2	1.3	5.2	2.9
Total expenses	1,853	1,560	1,558	1,692	1,493	1,218	1,175	1,094
EBITDA	104	75.7	51	−68.1	125	136	118	139
EBITDA margin	5.6%	4.9%	3.3%	-4.4%	8.0%	10.5%	9.6%	11.9%
Finance costs	34.9	26.4	31.3	27	23.4	32.8	37.4	36.5
Depreciation	63.8	50.7	47	34.1	30.1	29.3	30.8	25.4
Profit before tax	21.7	7.8	−14.9	−112	113	75.2	54.7	80
Tax	2.9	−12.8	4.9	−25.5	21.8	19.5	11.1	25.6
Net profit	18.7	20.6	−19.9	−86.9	92.1	57.6	46	56.9
Net margin	1.0%	1.3%	-1.3%	-5.6%	5.9%	4.5%	3.8%	4.9%
EPS (₹)	0.70	2.03	-0.97	-6.10	20.63	18.57	14.02	17.48
Net profit YoY	−8.8%	+203.3%	+77.1%	−194.4%	+59.9%	+25.1%	–	–

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	94	81.4	−82.4	−48.8	2.3
Investing cash flow	−101	−162	70.8	−423	−25.8
Financing cash flow	28.2	72.2	8.1	407	90.4
Capital expenditure	134	179	79.1	257	78.1
Free cash flow (CFO − capex)	−39.9	−97.4	−161	−305	−75.8

Net profit trend

annual, ₹ crore

FY21

₹57.6

FY22

₹92.1+60%

FY23

₹−86.9−194%

FY24

₹−19.9+77%

FY25

₹20.6+203%

FY26

₹18.7−9%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	30 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	30 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	4 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	4 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	12 Nov 2025	PDF XBRL
Q2 FY26	Standalone	12 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	13 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	13 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY269.25 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)141.3×

P/B0.99×

ROEFY26, on average equity1.3%

Net margin1.0%

Debt / equity0.28×

Revenue CAGR (3Y)5.9%

Profit CAGR (3Y)–

EPS (TTM)₹0.36

Market cap₹1,503 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₹2,472 Cr+18%

Net worth₹1,523 Cr+11%

Total borrowings₹428 Cr+64%

Cash & bank balances₹45 Cr+86%

Investments₹5 Cr+47%

Inventories₹342 Cr+21%

Trade receivables₹555 Cr+9%

Trade payables₹387 Cr+10%

Change vs the same date a year earlier.

Revenue mix FY25

Tiles & Others87.6%result ₹2.4 Cr

Marble & Quartz12.4%result ₹22.6 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Mar 26	Dec 25	Sept 25	Jul 25	Jun 25	Mar 25	Dec 24	Nov 24	Oct 24	Oct 24
Promoter	38.79	38.79	38.80	33.72	33.46	33.46	33.52	33.52	33.52	33.52	29.80	27.34
FII	1.37	1.05	1.15	1.73	1.10	0.91	1.43	1.93	1.59	1.93	2.03	2.10
DII	0.14	0.13	0.13	0.17	0.14	0.14	0.22	0.22	0.22	0.22	0.23	0.24
Retail	48.11	48.66	48.42	54.61	57.75	57.42	52.09	52.03	52.57	51.67	54.56	56.47
Other public	11.59	11.37	11.50	9.77	7.55	8.07	12.74	12.30	12.10	12.66	13.38	13.85

77,330 shareholders · NSE shareholding pattern filings.