Exxaro Tiles Reports Mixed Q2 FY2026 Results Amid Challenging Market Conditions
Exxaro Tiles Limited announced its Q2 and H1 FY2026 results. The company reported a consolidated net profit of ₹119.77 lakhs for Q2, up from ₹80.94 lakhs in the previous quarter. For H1 FY2026, revenue increased by 3.14% to ₹13,386.50 lakhs, with a net profit of ₹200.71 lakhs, compared to a loss of ₹486.48 lakhs in H1 FY2025. The EPS improved to ₹0.04 from ₹(0.11) year-over-year. The company's balance sheet showed total assets of ₹48,290.64 lakhs and total equity of ₹27,885.94 lakhs as of September 30, 2025.
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Exxaro Tiles Limited , a prominent player in the vitrified tiles sector, has announced its financial results for the second quarter and first half of the fiscal year 2026, revealing a mixed performance amid challenging market conditions.
Quarterly Performance
For the quarter ended September 30, 2025, Exxaro Tiles reported a consolidated net profit of ₹119.77 lakhs, showing a significant improvement from the previous quarter's profit of ₹80.94 lakhs. However, this represents a decline when compared to the same quarter last year, which saw a loss of ₹62.93 lakhs.
Half-Yearly Results
The company's half-yearly performance paints a more complex picture:
| Particulars (₹ in lakhs) | H1 FY2026 | H1 FY2025 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 13,386.50 | 12,979.54 | +3.14% |
| Net Profit/(Loss) | 200.71 | (486.48) | - |
| EPS (Basic & Diluted) | 0.04 | (0.11) | - |
Despite a modest 3.14% year-on-year increase in revenue from operations, Exxaro Tiles has managed to turn around its bottom line, reporting a profit of ₹200.71 lakhs for the first half of FY2026, compared to a loss of ₹486.48 lakhs in the same period last year.
Key Financial Highlights
- Revenue Growth: The company's consolidated revenue from operations for H1 FY2026 stood at ₹13,386.50 lakhs, up from ₹12,979.54 lakhs in H1 FY2025.
- Profitability Improvement: The net profit for H1 FY2026 reached ₹200.71 lakhs, marking a significant turnaround from the loss incurred in the previous year.
- Earnings Per Share: The basic and diluted EPS for the half-year improved to ₹0.04, compared to ₹(0.11) in the corresponding period of the previous fiscal year.
Operational Performance
Exxaro Tiles continues to operate in a single segment: manufacturing and trading of refractory ceramic products (vitrified tiles). The company's focus on this core business has likely contributed to its ability to navigate the challenging market conditions.
Balance Sheet Position
As of September 30, 2025, Exxaro Tiles reported:
- Total Assets: ₹48,290.64 lakhs
- Total Equity: ₹27,885.94 lakhs
- Current Assets: ₹28,735.21 lakhs
- Current Liabilities: ₹18,054.24 lakhs
The company maintains a relatively strong balance sheet position, with current assets exceeding current liabilities, indicating good short-term liquidity.
Looking Ahead
As Exxaro Tiles navigates through the remainder of FY2026, investors and market watchers will be keen to see if the company can sustain its profitability and potentially accelerate revenue growth. The broader economic conditions and the performance of the real estate and construction sectors are likely to play crucial roles in shaping the company's future performance.
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 8, 2025.
Historical Stock Returns for Exxaro Tiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.22% | -6.28% | +28.04% | +39.63% | +2.76% | -32.35% |
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