Deep Health AI cuts stake in Exxaro Tiles to 3.83%

1 min read     Updated on 25 Jun 2026, 08:47 AM
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Jubin VScanX News Team
AI Summary

Deep Health AI India Limited sold 95,95,959 equity shares, or 2.14% of Exxaro Tiles Limited, via open market transactions between June 22 and June 23, 2026. This sale reduced the entity's holding from 5.98% to 3.83%. The disclosure was made under SEBI SAST Regulations.

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Deep Health AI India Limited has further reduced its shareholding in Exxaro Tiles to 3.83% through open market sales. The entity sold 95,95,959 equity shares, representing 2.14% of the total paid-up equity share capital, between June 22, 2026, and June 23, 2026. This transaction follows a previous reduction in stake earlier in the year.

The disclosure was submitted to Exxaro Tiles Limited, BSE Limited, and National Stock Exchange of India Limited in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Deep Health AI India Limited confirmed it does not belong to the promoter or promoter group of the target company. The equity shares have a face value of ₹1 each.

Shareholding Details

The following table outlines the changes in shareholding:

Description Number of Shares % of Total Share Capital
Holding Before Transaction
Shares carrying voting rights 2,67,42,161 5.98%
Disposal
Shares sold 95,95,959 2.14%
Holding After Transaction
Shares carrying voting rights 1,71,46,202 3.83%

The total equity share capital of Exxaro Tiles Limited remains at ₹44,74,10,700. The disclosure confirmed that there were no shares encumbered, nor were there any warrants or convertible securities involved in the transactions.

Historical Stock Returns for Exxaro Tiles

1 Day5 Days1 Month6 Months1 Year5 Years
-0.72%+2.54%+4.58%-15.01%-19.79%-48.22%

Does Deep Health AI India Limited intend to further reduce its stake or exit the position entirely?

How will the increased supply of shares in the open market impact Exxaro Tiles' stock price volatility?

Is this stake reduction a strategic shift by Deep Health AI or a move to realize profits?

Exxaro Tiles Reports Consolidated Net Profit of ₹283.11 Lacs for Year Ended March 31, 2026

3 min read     Updated on 06 May 2026, 11:35 AM
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Reviewed by
Suketu GScanX News Team
AI Summary

Exxaro Tiles Limited reported consolidated total income from operations of ₹30,561.04 lacs for the year ended March 31, 2026, compared to ₹30,521.87 lacs in FY25. The company turned profitable with a consolidated net profit after tax of ₹283.11 lacs in FY26, reversing a loss of ₹12.17 lacs in the prior year. On a standalone basis, net profit after tax stood at ₹210.58 lacs for FY26 against a loss of ₹78.26 lacs in FY25. The results carry an unmodified audit opinion and were approved by the Board of Directors on May 5, 2026.

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Exxaro Tiles Limited has released its audited financial results for the quarter and year ended March 31, 2026, following approval by the Board of Directors at its meeting held on May 5, 2026. The results were reviewed by the Audit Committee and carry an unmodified audit opinion from the statutory auditors. The financial statements have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) under Section 133 of the Companies Act, 2013, and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

On a consolidated basis, Exxaro Tiles reported total income from operations of ₹30,561.04 lacs for the year ended March 31, 2026, marginally higher than ₹30,521.87 lacs in the corresponding prior year. The company recorded a net profit after tax (after exceptional and/or extraordinary items and after minority interest) of ₹283.11 lacs for FY26, reversing a net loss of ₹12.17 lacs in FY25. Total Comprehensive Income for the year stood at ₹293.28 lacs, compared to ₹3.76 lacs in the prior year.

The following table presents the consolidated financial highlights (₹ in Lacs):

Particular: Q4 FY26 (Audited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited)
Total Income from Operations: 10,021.21 9,529.30 30,561.04 30,521.87
Net Profit/(Loss) before tax (before Exceptional items): 43.42 480.46 398.87 223.07
Net Profit/(Loss) before tax (after Exceptional items): 43.42 480.46 398.87 173.07
Net Profit/(Loss) after tax (after Exceptional items & Minority Interest): 19.73 350.60 283.11 (12.17)
Total Comprehensive Income: 17.96 334.01 293.28 3.76
Paid-up Equity Share Capital: 4,474.11 4,474.11 4,474.11 4,474.11
Basic EPS (₹1/- each): 0.00 0.08 0.06 (0.00)
Diluted EPS (₹1/- each): 0.00 0.08 0.06 (0.00)

Standalone Financial Performance

On a standalone basis, Exxaro Tiles reported total income from operations of ₹28,253.14 lacs for FY26, compared to ₹30,069.95 lacs in FY25. The company posted a net profit after tax of ₹210.58 lacs for the full year, reversing a net loss of ₹78.26 lacs in the prior year. Total Comprehensive Income on a standalone basis stood at ₹220.75 lacs for FY26, against a loss of ₹62.33 lacs in FY25.

The following table presents the standalone financial highlights (₹ in Lacs):

Particular: Q4 FY26 (Audited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited)
Total Income from Operations: 8,350.07 9,141.36 28,253.14 30,069.95
Net Profit/(Loss) before tax (before Exceptional items): 58.13 408.32 301.16 85.59
Net Profit/(Loss) after tax (after Exceptional items): 30.74 296.60 210.58 (78.26)
Total Comprehensive Income: 28.97 280.01 220.75 (62.33)

Operational and Compliance Notes

The company's operations fall under a single business segment — "Manufacturing and Trading of refractory ceramic products (Vitrified Tiles)" — and accordingly, segment reporting is not applicable as per Indian Accounting Standard (Ind AS) 108. Figures for the quarter ended March 31, 2026 represent the difference between the audited figures for the full financial year and the published figures for the nine months ended December 31, 2025. Figures of previous reporting periods have been regrouped or reclassified wherever necessary to correspond with the current reporting period.

The audited financial results have been published in Financial Express (All Editions) and Financial Express (Ahmedabad Edition), both dated May 6, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements are also available on the company's website at www.exxarotiles.com . The results were signed by Managing Director Mr. Mukeshkumar B. Patel at Ahmedabad on May 5, 2026.

Historical Stock Returns for Exxaro Tiles

1 Day5 Days1 Month6 Months1 Year5 Years
-0.72%+2.54%+4.58%-15.01%-19.79%-48.22%

Can Exxaro Tiles sustain its return to profitability in FY27 given the declining standalone revenue trend, and what strategic initiatives are planned to reverse the ~6% standalone revenue drop?

How might rising input costs or shifts in real estate construction activity impact Exxaro Tiles' vitrified tile segment margins in the coming quarters?

Is Exxaro Tiles considering geographic expansion, capacity additions, or product diversification to drive meaningful revenue growth beyond the current flat consolidated topline?

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