Gratex Industries FY26 net profit rises 54.3% to ₹11.02 crore

Gratex Industries Limited reported a 54.3% rise in net profit to ₹11.02 crore for the financial year ended March 31, 2026, compared to ₹7.14 crore in the previous year. Revenue from operations increased 13.9% to ₹427.13 crore from ₹375.12 crore in FY25, driven by higher sales in the wallpaper and furnishing products segment. For the quarter ended March 31, 2026, the company recorded a net profit of ₹3.52 crore on revenue of ₹127.10 crore.

Financial Performance

The company’s total income for FY26 stood at ₹427.36 crore, up from ₹375.34 crore in the previous year. Total expenses for the year increased to ₹410.94 crore from ₹364.60 crore. The board approved the standalone audited financial statements for the quarter and year ended March 31, 2026, which received an unmodified opinion from statutory auditors M/s. Harshal Doshi & Associates.

Key Financial Metrics

Metric	FY26 (₹ in lacs)	FY25 (₹ in lacs)	Change
Revenue from operations	427.13	375.12	+13.9%
Total income	427.36	375.34	+13.9%
Total expenses	410.94	364.60	+12.7%
Net profit	11.02	7.14	+54.3%
Basic EPS	0.36	0.24	+50.0%

Board Appointments

The Board appointed M/s JC & Associates as the Secretarial Auditor for FY26-27 under Section 204 of the Companies Act, 2013. Additionally, Mrs. Sujata Hodge was appointed as the Internal Auditor for the same period under Section 138 of the Companies Act, 2013. The meeting was held on May 26, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	+20.82%	+34.68%	+2.88%	+186.94%

Gratex Industries Limited is not required to submit disclosures for related party transactions for the financial year ended March 31, 2026. The company communicated this exemption to BSE Limited, citing specific criteria under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory relief impacts the company's corporate governance compliance obligations for the specified period.

The exemption is granted pursuant to Regulation 15(2) of the SEBI (LODR) Regulations, 2015. This regulation states that compliance with corporate governance provisions, including Regulations 17 to 27 and specific clauses of Regulation 46, does not apply to certain companies. Gratex Industries qualifies for this exemption based on its financial metrics as of the last day of the previous financial year.

The specific financial thresholds that validate the company's exemption status are detailed below:

Financial Metric	Threshold Limit
Paid-up equity share capital	Not exceeding ₹10 crore
Net worth	Not exceeding ₹25 crore

As the company meets the exemption criteria provided under clause (a) of Regulation 15(2), it is not required to comply with Regulation 23(9) of the SEBI (LODR) Regulations, 2015. This regulation specifically pertains to the submission of disclosures regarding related party transactions for the half-year or year ended March 31, 2026. The company has requested the exchange to place this letter on record.

The disclosure was signed by Karan Baldevkrishan Sharma, Managing Director of Gratex Industries Limited.