Aro Granite Industries Reports Loss in Q2 FY2025, Independent Director Resigns

Aro Granite Industries Limited , a manufacturer of granite tiles and slabs, has reported a net loss of Rs 9.70 lacs for the quarter ended September 30, 2025, according to the company's latest financial results. This loss represents a deterioration from the previous quarter's loss of Rs 5.58 lacs.

Financial Performance

The company's total income for Q2 FY2025 decreased to Rs 2,082.00 lacs from Rs 2,747.00 lacs in the previous quarter. This decline in revenue, coupled with increased expenses, has contributed to the widening loss.

A closer look at the segmental performance reveals:

Segment	Revenue (Rs in lacs)	Result (Rs in lacs)
Quartz Division	257.51	(88.89)
Granite Slabs/Tiles Division	2,155.57	275.08

The Granite Slabs/Tiles Division continues to be the primary revenue generator for the company, while the Quartz Division is currently operating at a loss.

Board Changes

Mr. G Sundareshwara (DIN: 00165762) has resigned from his position as an Independent Director of the company, effective November 11, 2025. Mr. Sundareshwara cited increased professional and personal commitments as the reason for his departure.

As a result of his resignation, Mr. Sundareshwara will also step down from his roles as:

Chairperson of the Audit Committee
Chairperson of the Stakeholder Relationship Committee
Member of the Nomination and Remuneration Committee
Member of the Corporate Social Responsibility Committee

Committee Reconstitution

Following Mr. Sundareshwara's resignation, the Board of Directors has approved the reconstitution of several committees:

Audit Committee: Mr. Keshava Murthy Kalasachar has been appointed as the new Chairperson.
Nomination and Remuneration Committee: Mr. Keshava Murthy Kalasachar will serve as the Chairperson.
Stakeholders' Relationship Committee: Mr. Ashish Jyotindra Bhuta has been appointed as the Chairperson.
Corporate Social Responsibility Committee: Mr. Ashish Jyotindra Bhuta will take on the role of Chairperson.

Market Outlook

Aro Granite Industries operates in two segments: manufacturing of granite tiles and slabs, and manufacturing of quartz slabs. The Quartz Division reported a loss of Rs 88.89 lacs for the quarter, while the Granite Slabs/Tiles Division remained profitable with a result of Rs 275.08 lacs.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.08%	-2.46%	-11.70%	-15.27%	-34.50%	-14.28%

Aro Granite Industries Limited , a leading manufacturer of granite tiles and slabs, has reported a significant loss in its first quarter results. The company's financial performance shows a stark contrast to the same period last year, reflecting challenging market conditions in the granite and quartz industry.

Financial Highlights

Particulars (in Rs. Crore)	Q1 FY2025-26	Q1 FY2024-25	YoY Change
Revenue from Operations	27.04	37.55	-28.00%
Total Income	27.47	38.74	-29.09%
Total Expenses	27.37	38.59	-29.07%
Net Profit/(Loss)	(642.28)	0.75	N/A
EPS (in Rs.)	(4.07)	0.54	N/A

Revenue Decline

Aro Granite Industries witnessed a significant decline in its revenue from operations, which fell to Rs 27.04 crore from Rs 37.55 crore in the corresponding quarter of the previous year, marking a 28.00% decrease. The total income for the quarter stood at Rs 27.47 crore, down from Rs 38.74 crore year-over-year.

Segment Performance

The company operates in two business segments:

Granite Slabs/Tiles Division: This segment contributed Rs 18.73 crore to the revenue.
Quartz Division: The quartz engineered slabs segment generated Rs 8.75 crore in revenue.

Profitability

The most notable aspect of the results is the substantial net loss of Rs 642.28 crore reported for the quarter, compared to a profit of Rs 0.75 crore in the same quarter last year. This significant downturn has resulted in a negative earnings per share (EPS) of Rs 4.07 for the quarter.

Expenses and Operational Efficiency

Despite the revenue decline, Aro Granite Industries managed to reduce its total expenses to Rs 27.37 crore from Rs 38.59 crore in the corresponding quarter. However, this reduction in expenses was not sufficient to offset the sharp decline in revenue.

Management Commentary

The company's Board of Directors, led by Managing Director Sunil Kumar Arora, approved these audited financial results. The management has not provided specific comments on the factors contributing to the loss or strategies to improve performance in the coming quarters.

Auditor's Report

The financial results have been audited by Alok Mittal & Associates, Chartered Accountants, who have issued an unqualified opinion on the standalone financial results.

Looking Ahead

As Aro Granite Industries faces challenges in both its granite and quartz divisions, investors and stakeholders will be keenly watching for any strategic initiatives or market developments that could help the company return to profitability in the coming quarters.

The granite and quartz industry's dynamics, including global demand for construction materials and competition in the export markets, will likely play a crucial role in the company's performance moving forward.