Elegant Marbles & Grani Industries Reports 374% Surge in Q1 Net Profit
Elegant Marbles & Grani Industries Limited announced Q1 FY2026 results with net profit soaring 374.02% to ₹83.57 lakhs from ₹17.63 lakhs year-over-year. Revenue from operations increased 2.64% to ₹681.75 lakhs. EPS rose to ₹2.82 from ₹0.59. The company recorded exceptional items of ₹35.82 lakhs and total comprehensive income reached ₹996.11 lakhs. The Board approved these results on August 13, with statutory auditors providing an unqualified review opinion.
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Elegant Marbles & Grani Industries Limited has announced its financial results for the first quarter, showcasing a remarkable improvement in profitability.
Financial Highlights
| Particulars (₹ in lakhs) | Q1 FY2026 | Q1 FY2025 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 681.75 | 664.18 | 2.64% |
| Net Profit | 83.57 | 17.63 | 374.02% |
| EPS (Basic & Diluted) | 2.82 | 0.59 | 377.97% |
The company reported a significant increase in its net profit for the quarter. Net profit stood at ₹83.57 lakhs, a substantial rise from ₹17.63 lakhs in the corresponding quarter of the previous year, marking a 374.02% year-on-year growth.
Revenue from operations saw a modest increase of 2.64%, reaching ₹681.75 lakhs compared to ₹664.18 lakhs in the same quarter last year.
Other Key Points
- The company recorded exceptional items of ₹35.82 lakhs during the quarter.
- Total comprehensive income reached ₹996.11 lakhs, bolstered by other comprehensive income items.
- Basic and diluted earnings per share (EPS) for the quarter were ₹2.82, significantly higher than the previous year's quarter.
Management Approval and Audit Review
The Board of Directors of Elegant Marbles & Grani Industries Limited approved these results in a meeting held on August 13. The statutory auditors, M/s. JD Pawar & Associates, provided an unqualified review opinion on the financial results.
About Elegant Marbles & Grani Industries Limited
Elegant Marbles & Grani Industries Limited operates in the marble and granite industry, providing various products and solutions.
The financial results demonstrate the company's strong performance in the first quarter, with significant improvements in profitability despite modest revenue growth. Investors and stakeholders may find these results encouraging, particularly the substantial increase in net profit and earnings per share.
Historical Stock Returns for Elegant Marbles & Grani Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -1.70% | -4.10% | -10.55% | -10.14% | +265.40% |
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