Solid Stone Q1 Results: Net profit falls 19% YoY to ₹4.12 lakh
Solid Stone Company Ltd posted Q1FY27 standalone net profit of ₹4.12 lakh, down 19% YoY, on revenue of ₹502.92 lakh. Consolidated net profit was ₹4.08 lakh. Pre-tax profits were stable due to controlled expenses, but higher tax outflows pressured net margins. The Board approved results on August 13, 2026.
*this image is generated using AI for illustrative purposes only.
Solid Stone Company Limited reported a contraction in both revenue and profitability for the first quarter of FY27, with standalone net profit falling 19% year-on-year to ₹4.12 lakh. The Mumbai-based natural stone and building materials company saw revenue from operations drop 11% to ₹502.92 lakh, down from ₹567.44 lakh in the corresponding period last year.
The Board of Directors, chaired by Milan B. Khakhar, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, during a meeting held on August 13, 2026. Statutory auditors Ashar & Co LLP issued an unmodified limited review report on the filings.
Financial Performance
Standalone total revenue stood at ₹504.44 lakh, comprising ₹502.92 lakh from operations and ₹1.52 lakh from other income. This compares to total revenue of ₹568.78 lakh in Q1FY26. Consolidated figures mirrored the standalone performance, with total revenue at ₹504.44 lakh and net profit at ₹4.08 lakh.
| Metric | Q1FY27 (₹ Lakh) | Q1FY26 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 502.92 | 567.44 | -11.4% |
| Total Expenses | 498.24 | 562.85 | -11.5% |
| PBT (Standalone) | 6.20 | 5.93 | +4.6% |
| Net Profit (Standalone) | 4.12 | 5.08 | -18.9% |
| EPS (Basic) | ₹0.08 | ₹0.09 | -11.1% |
Consolidated profit before tax was ₹6.16 lakh, slightly lower than the standalone PBT of ₹6.20 lakh due to a share of loss of ₹0.04 lakh from its associate, Global Instile Solid Industries Limited. In the prior year quarter, the associate had contributed a loss of ₹0.70 lakh.
What the Numbers Show
Despite an 11% decline in revenue, total expenses fell by a similar margin to ₹498.24 lakh, allowing pre-tax profits to remain relatively stable. However, the effective tax rate increased significantly, impacting the bottom line. Tax expense rose to ₹2.08 lakh from ₹0.84 lakh in Q1FY26, driven largely by deferred tax provisions. The company recorded a deferred tax credit of ₹0.34 lakh against a current tax charge of ₹2.43 lakh.
Operating costs showed mixed trends. Purchase of stock-in-trade decreased to ₹419.28 lakh from ₹391.20 lakh in the prior year quarter, but this was offset by a significant reduction in inventory changes, which provided a benefit of ₹137.50 lakh compared to ₹55.49 lakh in Q1FY26. Employee benefits expenses declined to ₹63.98 lakh from ₹74.52 lakh, while finance costs remained flat at ₹43.61 lakh.
The company’s paid-up equity capital remains unchanged at ₹538.00 lakh. No dividend was declared for the quarter.
Historical Stock Returns for Solid Stone Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.12% | -3.30% | -2.10% | -14.97% | -27.50% | -3.33% |
How might the significant increase in deferred tax provisions impact Solid Stone's cash flow and net profit margins in upcoming quarters?
Given the 11% revenue contraction, what strategic adjustments is the company planning to implement to reverse the downward trend in natural stone demand?
What is the outlook for Global Instile Solid Industries Limited, and will its continued losses pose a drag on consolidated results in FY27?
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