Pokarna

Pokarna Limited reported a net loss of Rs 233.91 lakhs for the quarter ended September 30, 2025, compared to a net loss of Rs 166.40 lakhs in the same quarter last year. Total revenue decreased to Rs 679.31 lakhs from Rs 1,288.12 lakhs year-over-year. The company's revenue from operations fell to Rs 497.16 lakhs from Rs 952.25 lakhs in the corresponding quarter. For the half-year period, the company recorded a net loss of Rs 459.67 lakhs versus Rs 534.53 lakhs in the previous year. The Board also reconstituted the Nomination and Remuneration Committee and Corporate Social Responsibility Committee. The company operates in two reportable segments: Granites and Quartz Surfaces.

Pokarna reported quarterly consolidated net profit of 93.3 million rupees, down from 449.5 million rupees in the same period last year. Revenue fell to 1.18 billion rupees from 2.51 billion rupees year-over-year. EBITDA decreased to 237.9 million rupees compared to 861 million rupees previously. The company's EBITDA margin compressed to 20.08% from 34.27% in the prior year period.

Pokarna Limited held its quarterly earnings conference call discussing unaudited financial results for the quarter ended June 30, 2025. Chairman Gautam Chand Jain highlighted that the business environment remains challenging due to uncertainty around US tariff announcements, which has constrained demand and disrupted the value chain. US customers are deferring large-scale home improvement projects in favor of lower-cost options. India now faces a 25% tariff in the US market, effective from shipments after August 7th, compared to the previous 10% rate. The company is focusing on diversifying its geographic presence, with encouraging demand from non-US markets including Czech Republic, Canada, France, Mexico, and Russia. Pokarna plans to open an Experience Center in Hyderabad within 6 months to strengthen brand visibility. The company expects its KREOS product line to begin contributing this fiscal year, with initial contributions from the Chromia line also anticipated. New expansion capacity is expected to add approximately Rs. 500 crore in additional turnover when fully operational, with production starting in financial year 2026-27. The company maintains it will revisit pricing structures with customers based on the tariff situation while continuing to focus on product innovation and customer retention.