Inani Marbles & Industries reported a net profit of ₹14.03 lakh for the quarter ended June 30, 2026, marking an 18% year-on-year decline from ₹17 lakh in the prior-year period. The contraction in profitability was primarily driven by a sharp 29.7% fall in revenue from operations, which slipped to ₹1,049.63 lakh from ₹1,493.57 lakh in Q1FY26. This significant drop in core business activity signals ongoing pressure in the marble and granite processing segment, although cost containment measures helped mitigate a steeper decline in the bottom line.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 11, 2026, in Chittorgarh. The results were reviewed by Nyati Mundra & Co., the statutory auditors, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to the financial results, the Board approved the re-appointment of Rishi Raj Inani as Chief Financial Officer, effective November 14, 2026. Inani, a Chartered Accountant with over nine years of experience in finance and the marble sector, is the son of Managing Director Suresh Kumar Inani.

Financial Performance Overview

Total income decreased to ₹1,081.26 lakh from ₹1,513.79 lakh in Q1FY26. While revenue from operations dropped significantly, other income rose 56.4% to ₹31.63 lakh from ₹20.22 lakh. Total expenses stood at ₹1,067.23 lakh, compared to ₹1,490.36 lakh in the previous year’s quarter. The reduction in expenses was primarily driven by lower cost of materials consumed (₹447.34 lakh vs ₹463.34 lakh) and a decrease in purchase of stock-in-trade (₹140.88 lakh vs ₹282.83 lakh). However, manufacturing expenses increased to ₹238.12 lakh from ₹195.98 lakh.

Profit before tax declined 40.1% to ₹14.03 lakh from ₹23.43 lakh. No tax expense was recorded for the current quarter, whereas ₹6.43 lakh was paid in the prior-year quarter. Earnings per share (basic and diluted) fell to ₹0.08 from ₹0.09. Total comprehensive income for the period was ₹29.55 lakh, up from ₹36.29 lakh in Q1FY26, largely influenced by items not reclassified to profit or loss.

What the Numbers Show

The divergence between the sharp decline in revenue (-29.7%) and the more modest drop in net profit (-17.6%) highlights significant cost containment or favorable inventory adjustments. Specifically, changes in inventories of finished goods, work-in-progress, and stock-in-trade resulted in a positive adjustment of ₹170.44 lakh in Q1FY27, compared to an expense of ₹146.92 lakh in Q1FY26. This ₹317.36 lakh swing in inventory valuation substantially offset the impact of lower sales on the bottom line. Without this inventory benefit, the operational profitability would have contracted far more severely than the reported figures suggest.

Inani Marbles & Industries Ltd reported a 74.1% decline in net profit to ₹18.27 lakh for the financial year ended March 31, 2026, compared to ₹70.63 lakh in the previous year. Revenue from operations for FY26 increased to ₹4,676.03 lakh from ₹4,279.57 lakh in FY25. The board has recommended a dividend of ₹0.04 per equity share for the financial year, subject to the approval of shareholders at the ensuing Annual General Meeting.

For the quarter ended March 31, 2026, the company posted a net profit of ₹40.79 lakh, recovering from a net loss of ₹32.86 lakh in the preceding quarter ended December 31, 2025. Revenue from operations for the quarter stood at ₹1,046.81 lakh, compared to ₹864.08 lakh in the previous quarter. Total income for Q4FY26 was reported at ₹1,074.46 lakh.

Financial Performance

The company's total expenses for FY26 amounted to ₹4,737.49 lakh, slightly higher than ₹4,301.78 lakh in the previous year. Profit before tax for the year decreased significantly to ₹18.56 lakh from ₹105.86 lakh in FY25. The finance cost for the year reduced to ₹166.95 lakh from ₹198.29 lakh in the prior year.

The board, in its meeting held on May 29, 2026, approved the standalone audited financial results for the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board. M/s Nyati Mundra & Co., Chartered Accountants, audited the financial results and issued an unmodified opinion.

Key Financial Metrics

Corporate Actions

Alongside the financial results, the board appointed M/s Jagetiya G & Co., Chartered Accountants, as the internal auditors for the financial year 2026-2027. The company's assets as of March 31, 2026, totaled ₹8,914.49 lakh, while total equity and liabilities stood at ₹8,914.49 lakh. Cash and cash equivalents improved to ₹23.19 lakh from ₹15.98 lakh in the previous year.