Ravileela Granites has scheduled its 36th Annual General Meeting (AGM) for September 30, 2026, to be conducted via video conferencing. The company published the notice on September 9, 2026, in Financial Express and Nava Telangana.

The record date for determining voting eligibility is September 24, 2026. The register of members and share transfer books will remain closed from September 24 to September 30, 2026. Shareholders can participate in remote e-voting between September 26 and September 29, 2026.

Financial Performance

The company recently filed its annual report for FY26, reporting a net profit of ₹992.93 lakh, reversing a net loss of ₹320.79 lakh in FY25. Revenue from operations expanded by approximately 39% to ₹5,739.55 lakh in FY26.

Total income rose to ₹6,120.28 lakh from ₹4,246.65 lakh in the prior year. This increase was supported by a rise in other income to ₹380.73 lakh, compared to ₹122.36 lakh previously. Other income included a net foreign exchange gain of ₹327.63 lakh and dividend income of ₹15.11 lakh.

Total expenses excluding depreciation stood at ₹4,715.27 lakh, an increase from ₹4,427.98 lakh in FY25. Finance costs declined slightly to ₹290.82 lakh from ₹300.87 lakh.

What the Numbers Show

The profitability turnaround was significantly aided by non-operating gains. Other income constituted roughly 31% of total income, driven largely by a ₹327.63 lakh foreign exchange gain. While operating leverage improved as revenue grew faster than total expenses, the reliance on forex gains highlights currency exposure risks inherent in its export-oriented model, where exports accounted for ₹5,736.83 lakh of total revenue.

Corporate Governance and AGM Details

Key agenda items include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mrs. Parvatha Samantha Reddy as Whole-time Director, who retires by rotation.
• Regularisation and appointment of Ms. Parvatha Harshini Reddy as a Non-Executive Director.

The Board did not recommend any dividend for the year, opting instead to plough back profits to support future growth plans. The company’s authorized share capital remains at ₹12 crore, with paid-up capital at ₹10.59 crore.

Ravileela Granites 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.

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.

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.

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 was appointed as an Additional Director (Non-Executive and Non-Independent) effective July 28, 2026. She 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.