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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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.

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?

Exxaro Tiles Reports FY26 Audited Results; Standalone Net Profit Turns Positive at ₹210.58 Lakhs

6 min read     Updated on 06 May 2026, 09:01 AM
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AI Summary

Exxaro Tiles Limited approved its FY26 audited standalone and consolidated financial results on May 5, 2026. Standalone net profit turned positive at ₹210.58 lakhs versus a prior year loss of ₹78.26 lakhs, while consolidated net profit rose to ₹283.11 lakhs from a loss of ₹12.17 lakhs. The board also re-appointed Mr. Mitesh Koshti as Internal Auditor for FY2026-27 and disclosed a commitment to invest 100% of paid-up share capital in a UAE-registered entity to be recognised as a wholly owned subsidiary.

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Exxaro Tiles Limited held its Board of Directors meeting on May 5, 2026, commencing at 11:20 AM and concluding at 12:45 PM, wherein the board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, HB Kalaria and Associates (Firm Reg. No. 104571W), issued an unmodified audit opinion on both the standalone and consolidated annual financial results. The financial results were reviewed and recommended by the Audit Committee prior to being placed before the Board. Following the announcement, the company informed the exchanges that the Trading Window for dealing in the securities of the company shall be reopened after the expiry of forty-eight (48) hours from the announcement, in accordance with the company's Code of Conduct for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The intimation was signed by Mr. Mukeshkumar B. Patel, Managing Director, on May 5, 2026.

Standalone Financial Performance

On a standalone basis, Exxaro Tiles reported revenue from operations of ₹28,182.28 lakhs for the year ended March 31, 2026, compared to ₹29,963.42 lakhs in the previous year. Total income for the year stood at ₹28,253.14 lakhs against ₹30,069.95 lakhs in the prior year. The company recorded a profit before exceptional items and tax of ₹301.16 lakhs for the year, a significant improvement from ₹85.59 lakhs in the previous year. Net profit for the year from continuing operations stood at ₹210.58 lakhs, compared to a loss of ₹(78.26) lakhs in the previous year. Total comprehensive income for the year was ₹220.75 lakhs versus ₹(62.33) lakhs in the prior year.

The following table presents the key standalone financial results:

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited)
Revenue from Operations (₹ lakhs): 8,319.32 6,855.75 9,108.65 28,182.28 29,963.42
Total Income (₹ lakhs): 8,350.07 6,871.93 9,141.36 28,253.14 30,069.95
Total Expenses (₹ lakhs): 8,291.94 6,818.48 8,733.04 27,951.98 29,984.36
Profit Before Tax (₹ lakhs): 58.13 53.44 408.32 301.16 85.59
Net Profit/(Loss) (₹ lakhs): 30.74 36.64 296.60 210.58 (78.26)
Total Comprehensive Income (₹ lakhs): 28.97 40.62 280.01 220.75 (62.33)
Basic EPS (₹): 0.01 0.01 0.07 0.05 (0.02)
Diluted EPS (₹): 0.01 0.01 0.07 0.05 (0.02)

Consolidated Financial Performance

On a consolidated basis, which includes subsidiary Exxaro Ceramic Limited, revenue from operations for the year ended March 31, 2026 stood at ₹30,490.30 lakhs, marginally higher than ₹30,421.49 lakhs in the previous year. Total income for the year was ₹30,561.04 lakhs compared to ₹30,521.87 lakhs in the prior year. Profit before exceptional items and tax improved to ₹398.87 lakhs from ₹223.07 lakhs in the previous year. Net profit for the year from continuing operations was ₹283.11 lakhs, against a loss of ₹(12.17) lakhs in the previous year. Total comprehensive income for the year stood at ₹293.28 lakhs versus ₹3.76 lakhs in the prior year.

The following table presents the key consolidated financial results:

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited)
Revenue from Operations (₹ lakhs): 9,990.46 7,110.93 9,498.35 30,490.30 30,421.49
Total Income (₹ lakhs): 10,021.21 7,127.11 9,529.30 30,561.04 30,521.87
Total Expenses (₹ lakhs): 9,977.79 7,038.11 9,048.84 30,162.17 30,298.80
Profit Before Tax (₹ lakhs): 43.42 89.00 480.46 398.87 223.07
Net Profit/(Loss) (₹ lakhs): 19.73 62.66 350.60 283.11 (12.17)
Total Comprehensive Income (₹ lakhs): 17.96 66.64 334.01 293.28 3.76
Basic EPS (₹): 0.00 0.01 0.08 0.06 (0.00)
Diluted EPS (₹): 0.00 0.01 0.08 0.06 (0.00)

Cash Flow Highlights

On a standalone basis, Exxaro Tiles generated cash from operations of ₹3,083.58 lakhs for the period ended March 31, 2026, compared to ₹2,362.47 lakhs in the prior year. Net cash used in investment activities stood at ₹(1,875.60) lakhs, while net cash used in financial activities was ₹(1,096.84) lakhs. The total net cash flow for the standalone entity was ₹111.14 lakhs, with closing cash and cash equivalents at ₹121.89 lakhs versus ₹10.75 lakhs at the beginning of the period.

On a consolidated basis, cash generated from operations was ₹3,291.93 lakhs versus ₹2,329.14 lakhs in the prior year. Net cash used in investment activities was ₹(1,937.65) lakhs, and net cash used in financial activities was ₹(1,381.00) lakhs. The total net cash flow on a consolidated basis was ₹(26.72) lakhs, with closing cash and cash equivalents at ₹189.59 lakhs.

Cash Flow Metric: Standalone FY26 (₹ lakhs) Standalone FY25 (₹ lakhs) Consolidated FY26 (₹ lakhs) Consolidated FY25 (₹ lakhs)
Cash Generated from Operations: 3,083.58 2,362.47 3,291.93 2,329.14
Net Cash from Investment Activities: (1,875.60) (499.09) (1,937.65) (475.39)
Net Cash from Financial Activities: (1,096.84) (1,938.13) (1,381.00) (1,725.36)
Net Cash Flow: 111.14 (74.75) (26.72) 128.39
Closing Cash & Equivalents: 121.89 10.75 189.59 216.31

Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflects total assets of ₹47,484.80 lakhs compared to ₹48,385.66 lakhs in the previous year. Total equity stood at ₹27,838.46 lakhs, up from ₹27,617.71 lakhs. On the consolidated basis, total assets were ₹48,804.04 lakhs versus ₹49,089.65 lakhs in the prior year, with total equity at ₹27,970.55 lakhs compared to ₹27,677.27 lakhs.

Balance Sheet Metric: Standalone FY26 Standalone FY25 Consolidated FY26 Consolidated FY25
Total Assets (₹ lakhs): 47,484.80 48,385.66 48,804.04 49,089.65
Total Equity (₹ lakhs): 27,838.46 27,617.71 27,970.55 27,677.27
Non-Current Liabilities (₹ lakhs): 3,442.75 2,401.93 3,374.21 2,614.93
Current Liabilities (₹ lakhs): 16,203.59 18,366.03 17,459.28 18,797.46
Paid-up Equity Share Capital (₹ lakhs): 4,474.11 4,474.11 4,474.11 4,474.11

Internal Auditor Re-appointment and Other Developments

The Board, on the recommendation of the Audit Committee, approved the re-appointment of Mr. Mitesh Koshti as Internal Auditor of the company for the financial year 2026-27. Mr. Koshti holds a Master's degree in Commerce (Accounts and Audit) and has over 10 years of multi-industry work experience, including prior experience with Naresh J. Patel & Co., a leading firm of Chartered Accountants in Ahmedabad. Additionally, the company has disclosed that it has committed to invest 100% of the paid-up share capital in a UAE-registered entity, which, following acquisition, will be recognised as a wholly owned subsidiary of the company. The company's operations fall under a single segment — manufacturing and trading of refractory ceramic products (Vitrified Tiles) — and accordingly, segment reporting is not applicable under Ind AS 108. Exxaro Tiles is headquartered in Ahmedabad, Gujarat, with operational units in Sabarkantha and Vadodara districts.

How will Exxaro Tiles' planned 100% investment in the UAE-registered entity impact its international revenue mix and consolidated margins in FY27?

Given the significant year-on-year decline in standalone revenue despite improved profitability, what pricing or cost-optimization strategies could sustain margin expansion in FY27?

With investment activities consuming nearly ₹1,937 lakhs in FY26, what specific capital expenditure projects are driving this outflow and how will they contribute to future capacity or revenue growth?

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