Ravileela Granites profit drops 28% to ₹2.39 crore in Q1FY27
Ravileela Granites Ltd saw net profit fall 27.9% to ₹2.39 crore in Q1FY27 as expenses surged 78.4% to ₹15.61 crore, outpacing a 50.6% revenue rise to ₹19.63 crore. The Board appointed Parvatha Harshini Reddy as Additional Director and formed a new CSR Committee.
*this image is generated using AI for illustrative purposes only.
Ravileela Granites Ltd reported a 27.9% year-on-year decline in net profit for the quarter ended June 30, 2026, dropping to ₹2.39 crore from ₹3.30 crore in Q1FY26. This contraction occurred despite a robust 50.6% surge in income from operations, which rose to ₹19.63 crore from ₹13.04 crore in the corresponding period last year. The divergence highlights increased operational costs and tax expenses absorbing the top-line growth, signaling margin pressure for investors monitoring the company’s profitability trends. Simultaneously, the Board appointed Ms. Parvatha Harshini Reddy as an Additional Director (Non-Executive and Non-Independent) effective July 28, 2026.
The Board of Directors approved the unaudited financial results at its meeting held on July 28, 2026, in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the Statutory Auditors, K Vijayaraghavan and Associates LLP, who issued a clean report stating no material misstatements were found. The appointment of Ms. Reddy was approved pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, based on the recommendation of the Nomination and Remuneration Committee.
Financial Performance Overview
Revenue from operations expanded significantly, driven by higher net sales. However, total expenses rose sharply to ₹15.61 crore from ₹8.75 crore in Q1FY26, primarily due to higher other expenses and changes in inventory. Consequently, profit before tax fell to ₹3.67 crore from ₹4.06 crore. Tax expense for the quarter stood at ₹1.28 crore, compared to ₹0.76 crore in the previous year.
| Particulars | Q1FY27 (₹ in Lakhs) | Q1FY26 (₹ in Lakhs) | Change (%) |
|---|---|---|---|
| Income from Operations | 1,962.91 | 1,303.72 | +50.6% |
| Total Expenses | 1,560.82 | 875.02 | +78.4% |
| Profit Before Tax | 366.79 | 406.31 | -9.7% |
| Net Profit After Tax | 239.04 | 330.47 | -27.9% |
| EPS (Basic & Diluted) | ₹2.26 | ₹3.12 | -27.6% |
Earnings per share (EPS) declined 27.6% to ₹2.26 from ₹3.12 in the same quarter last year. For the full year FY26, the company reported a net profit of ₹9.93 crore on revenues of ₹57.40 crore.
What the Numbers Show
The most notable trend is the widening gap between revenue growth and expense inflation. While revenue grew by over 50%, total expenses nearly doubled, rising by 78.4%. Specifically, 'Other Expenses' jumped from ₹14.45 lakh to ₹44.08 lakh, and 'Changes in inventories' swung from a gain of ₹9.48 lakh to a cost of ₹26.20 lakh. This suggests that while demand or pricing may have improved, operational efficiency or supply chain costs deteriorated significantly in the current quarter, eroding the bottom line despite higher sales volumes.
Corporate Governance Updates
Ms. Parvatha Harshini Reddy (DIN: 06948591) will hold office until the conclusion of the ensuing Annual General Meeting. She brings over 12 years of experience in manufacturing, healthcare, and business transformation. Currently, she leads Sales & Marketing for Ravileela Granites and QuartzKraft LLP, overseeing ₹130 crore in annual export revenue, product innovation, strategic partnerships, and commercial operations across North America and Europe. Ms. Reddy is the daughter of Mrs. Parvatha Samantha Reddy, Whole Time Director and CFO, and Mr. Parvat Srinivas Reddy, Non-Executive Director.
The Board also constituted the Corporate Social Responsibility (CSR) Committee with effect from July 28, 2026, comprising Mr. Hari Prasad Atluri as Chairperson, Mr. Sorabh Chinoy Kersasp, and Mrs. Parvatha Harshini Reddy as members. The company scheduled its 36th Annual General Meeting for September 30, 2026, to be conducted via Video Conferencing/Other Audio Visual Means.
Historical Stock Returns for Ravileela Granites
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.41% | +4.06% | +5.36% | +28.26% | +56.42% | +373.90% |
What specific operational inefficiencies or supply chain disruptions contributed to the 78.4% surge in total expenses outpacing revenue growth?
How is the appointment of Ms. Parvatha Harshini Reddy expected to influence Ravileela Granites' export strategies and profitability in North American and European markets?
Will the company implement cost-control measures or pricing adjustments in Q2FY27 to reverse the trend of widening margin pressure?
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