Jain Marmo Industries Q1 Results: Net loss widens to ₹8.36 lakh
Jain Marmo Industries posted a Q1FY27 net loss of ₹8.36 lakh, reversing Q4FY26 profits. Revenue fell 25% YoY to ₹33.28 lakh amid rising other expenses. EPS dropped to -₹0.27. The Board approved results on August 11, 2026.
*this image is generated using AI for illustrative purposes only.
Jain Marmo Industries reported a net loss of ₹8.36 lakh for the first quarter of FY27 (Q1FY27), ending June 30, 2026, marking a significant deterioration from the net profit of ₹1.44 lakh recorded in the preceding quarter. The company’s revenue from operations contracted by 25% year-on-year to ₹33.28 lakh, down from ₹44.44 lakh in Q1FY26. This decline in top-line growth was accompanied by an increase in total expenses to ₹44.70 lakh, resulting in a profit before tax deficit of ₹11.15 lakh compared to a surplus of ₹0.60 lakh in the same period last year.
The Board of Directors approved the unaudited standalone financial results during a meeting held on August 11, 2026, in Udaipur. The results were reviewed and recommended by the Audit Committee and subsequently approved by the Board. Ravi Sharma & Company, the statutory auditors, issued a limited review report stating that nothing came to their attention to suggest the statement contained material misstatements. The financials were prepared in accordance with Ind AS 34 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance Breakdown
The company’s operational metrics reveal pressure on margins as costs outpaced revenue generation. While cost of materials consumed remained relatively stable at ₹12.08 lakh compared to ₹12.04 lakh in Q1FY26, other expense categories saw notable increases. Other expenses rose to ₹16.15 lakh from ₹12.79 lakh in the corresponding quarter last year. Additionally, the change in inventories contributed ₹3.03 lakh to expenses, though this was lower than the ₹11.73 lakh recorded in Q4FY26.
| Particulars | Q1FY27 (₹ in lacs) | Q4FY26 (₹ in lacs) | Q1FY26 (₹ in lacs) |
|---|---|---|---|
| Revenue from Operations | 33.28 | 47.31 | 44.44 |
| Other Income | 0.27 | 2.46 | 0.33 |
| Total Income | 33.55 | 49.77 | 44.77 |
| Total Expenses | 44.70 | 46.95 | 44.17 |
| Profit Before Tax | -11.15 | 2.82 | 0.60 |
| Net Profit/(Loss) | -8.36 | 1.44 | 0.36 |
Earnings per share (EPS) turned negative, standing at -₹0.27 per share for both basic and diluted measures, compared to ₹0.05 in Q4FY26 and ₹0.01 in Q1FY26. The paid-up equity share capital remained unchanged at ₹313.06 lakh.
What the Numbers Show
The shift from profitability to a net loss in Q1FY27 highlights a divergence between revenue contraction and expense rigidity. While revenue dropped significantly, core operating costs such as employee benefits (₹10.27 lakh) and finance costs (₹2.38 lakh) did not decrease proportionally. The rise in 'other expenses' to ₹16.15 lakh, the largest single expense category, suggests potential inefficiencies or one-off costs impacting the bottom line. With total comprehensive income mirroring the net loss at -₹8.36 lakh, there were no offsetting gains from other comprehensive income items, underscoring the operational challenges faced in the initial quarter of the fiscal year.
Historical Stock Returns for Jain Marmo Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | +9.56% | -48.48% | -21.15% |
What specific strategic initiatives is Jain Marmo Industries planning to implement to reverse the 25% year-on-year revenue decline in Q2FY27?
How does management intend to address the rigidity in operating costs, particularly the surge in 'other expenses' to ₹16.15 lakh, to restore margin profitability?
Given the shift from net profit to a net loss, are there any indications of upcoming cost-cutting measures or restructuring efforts by the Board of Directors?
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