Aro Granite Industries Reports Q3 FY26 Loss, Announces Board Meeting Outcomes
Aro Granite Industries announced challenging Q3 FY26 results with net loss widening to Rs. 297.43 lacs from Rs. 0.44 lacs in Q3 FY25, driven by 51.2% revenue decline to Rs. 1,469.12 lacs. The Board appointed Varathan Arul as Independent Director and approved postal ballot proceedings during their February 04, 2026 meeting.
*this image is generated using AI for illustrative purposes only.
Aro Granite Industries Limited announced its audited financial results for the quarter and nine months ended December 31, 2025, following a Board of Directors meeting held on February 04, 2026. The company reported challenging operational performance amid declining revenues and confirmed key governance changes.
Board Meeting Outcomes
The Board of Directors meeting commenced at 12:15 P.M. on February 04, 2026, and concluded at 01:30 P.M., addressing several critical matters under SEBI regulations.
| Meeting Details: | Information |
|---|---|
| Meeting Date: | February 04, 2026 |
| Start Time: | 12:15 P.M. |
| End Time: | 01:30 P.M. |
| Regulatory Framework: | SEBI (LODR) Regulations, 2015 |
| Key Approvals: | Financial Results, Director Appointment, Postal Ballot |
Financial Performance Overview
The company's audited financial results for Q3 FY26 showed significant deterioration compared to the previous year, with substantial revenue decline across operations.
| Metric: | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | Rs. 1,469.12 lacs | Rs. 3,011.69 lacs | -51.2% |
| Total Income: | Rs. 1,972.87 lacs | Rs. 3,553.16 lacs | -44.5% |
| Net Loss: | Rs. 297.43 lacs | Rs. 0.44 lacs | Increased |
| Basic EPS: | Rs. (1.92) | Rs. 0.02 | Negative |
Nine-Month Performance Analysis
For the nine months ended December 31, 2025, the company showed mixed results with reduced losses despite lower revenues compared to the previous year.
| Parameter: | Nine Months FY26 | Nine Months FY25 | Variance |
|---|---|---|---|
| Revenue from Operations: | Rs. 6,199.70 lacs | Rs. 9,627.68 lacs | -35.6% |
| Total Income: | Rs. 7,133.29 lacs | Rs. 10,079.79 lacs | -29.2% |
| Net Loss: | Rs. 541.03 lacs | Rs. 644.54 lacs | Reduced by 16.1% |
| Basic EPS: | Rs. (3.58) | Rs. (4.10) | Improvement |
Segment-wise Revenue Performance
The company operates through two primary business segments with varying performance levels during the quarter and nine-month periods.
| Segment: | Q3 FY26 Revenue | Q3 FY25 Revenue | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Quartz Division: | Rs. 80.88 lacs | Rs. 988.90 lacs | Rs. 1,213.00 lacs | Rs. 3,188.64 lacs |
| Granite Slabs/Tiles Division: | Rs. 1,891.99 lacs | Rs. 2,564.26 lacs | Rs. 5,920.29 lacs | Rs. 6,891.15 lacs |
The Quartz Division experienced a significant decline of 91.8% in quarterly revenue, while the Granite Slabs/Tiles Division saw a 26.2% decrease compared to the previous year.
Director Appointment and Governance
The Board approved the appointment of Mr. Varathan Arul (DIN: 11480624) as an Additional Director in the category of Non-Executive and Independent Director, effective February 04, 2026.
| Appointment Details: | Information |
|---|---|
| Effective Date: | February 04, 2026 |
| Term Duration: | 5 consecutive years |
| Category: | Non-Executive Independent Director |
| Age: | 58 years |
| Educational Qualification: | Bachelor of Engineering in Mechanical from Bharathiar University |
| Industry Experience: | 31 years in stone, granite, and marble industry |
Mr. Arul brings extensive expertise in manufacturing operations, process optimization, quality control, and operational efficiency. The Board confirmed that he has no inter-se relations with other Board members and is not debarred from holding directorship by any regulatory authority.
Additional Corporate Actions
The Board meeting also addressed several administrative and compliance matters to ensure proper corporate governance.
| Corporate Action: | Details |
|---|---|
| Postal Ballot Notice: | Draft Notice approved |
| Scrutinizer Appointment: | M/s S Panigrahi & Associates, Practicing Company Secretary |
| E-Voting Process: | For Postal Ballot proceedings |
| Shareholder Approval: | Required within 3 months for director appointment |
The company maintains its paid-up equity share capital at Rs. 1,530 lacs with a face value of Rs. 10 each. The audited financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and received an unqualified opinion from statutory auditors Alok Mittal & Associates, Chartered Accountants.
Historical Stock Returns for Aro Granite Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.47% | +10.15% | -9.19% | -17.45% | -29.37% | -33.96% |
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