Marble City Reports Revenue Decline in Q2 FY26, Profit Drops 34.7%

Marble City , a prominent player in the marble industry, has released its financial results for the second quarter of fiscal year 2026, revealing a decline in both revenue and profitability.

Key Financial Highlights

Particulars (in Rs. lakhs)	Q2 FY26	Q1 FY26	QoQ Change (%)
Net Revenue	140.05	200.70	-30.2%
Net Profit	36.06	55.20	-34.7%

The company's performance showed a significant downturn compared to the previous quarter:

Revenue Decline: Net revenue decreased by 30.2% quarter-on-quarter, falling from Rs 200.70 lakhs in Q1 FY26 to Rs 140.05 lakhs in Q2 FY26.
Profit Reduction: Net profit saw a sharp decline of 34.7%, dropping from Rs 55.20 lakhs to Rs 36.06 lakhs.

Board Approval and Reporting

The Board of Directors of Marble City convened on November 14, 2025, to review and approve these unaudited financial results. The meeting, which began at 5:00 PM, concluded at 5:20 PM, adhering to regulatory requirements for timely disclosure.

Consolidated Performance

On a consolidated basis, the company's performance showed some resilience:

Consolidated Revenue: Rs 1,808.57 lakhs for Q2 FY26
Consolidated Net Profit: Rs 255.37 lakhs for the same period

Balance Sheet Highlights

As of September 30, 2025, Marble City reported:

Total Assets: Rs 18,886.37 lakhs
Total Equity: Rs 6,502.00 lakhs
Total Liabilities: Rs 12,384.38 lakhs

Cash Flow and Liquidity

The company maintained a stable cash position:

Cash and Cash Equivalents: Rs 499.50 lakhs as of September 30, 2025
Net Cash Used in Operating Activities: Rs (97.25) lakhs for the half-year ended September 30, 2025

Auditor's Review

Ajay Aaditya & Company, the company's statutory auditors, conducted a limited review of the financial statements. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

While Marble City faces challenges in the current quarter, the company's consolidated performance and stable financial position suggest it has resources to navigate through this period of reduced revenue and profitability. Investors and stakeholders will likely be watching closely to see how the company responds to these headwinds in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.92%	-9.32%	-15.78%	-14.54%	+3.47%	+909.50%

Marble City has announced a significant change in its leadership team. The company's Board of Directors has appointed Ms. Shivi Sharma as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective October 27, 2025.

Appointment Details

The appointment was made during a board meeting held on October 27, 2025, based on the recommendation of the Nomination and Remuneration Committee. The company promptly informed the BSE Limited of this appointment, adhering to regulatory requirements.

About Shivi Sharma

Ms. Shivi Sharma brings valuable credentials and experience to her new role:

Qualification	Experience
Masters in Finance	Over 3 years in Accounts and Finance

The company describes Ms. Sharma as a dedicated corporate professional who is hardworking and passionate about achieving organizational goals.

Corporate Governance

This appointment underscores Marble City's commitment to maintaining strong financial leadership and compliance with regulatory standards. The seamless communication of this change to the stock exchange demonstrates the company's adherence to transparency in corporate actions.