Nidhi Granites Reports Strong Q1 Consolidated Performance, Acquires Auro Fintech
Nidhi Granites Limited reported a 197.56% increase in consolidated net profit to ₹224.03 lakhs for Q1 FY26, with revenue doubling to ₹1,981.05 lakhs. The company acquired Auro Fintech Pvt Ltd for ₹60.57 lakhs, adding a new Financial Technology segment. Standalone performance showed challenges with a net loss of ₹28.10 lakhs. Mrs. Krinisha Sanghvi was appointed as the new Company Secretary and Compliance Officer.
*this image is generated using AI for illustrative purposes only.
Nidhi Granites Limited has reported a significant improvement in its consolidated financial performance for the first quarter, while also announcing strategic moves to expand its business portfolio.
Consolidated Financial Highlights
The company's consolidated performance for Q1 showed remarkable growth:
| Particulars (₹ in lakhs) | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 1,981.05 | 928.48 | 113.36% |
| Net Profit | 224.03 | 75.29 | 197.56% |
| EPS (Basic & Diluted) | 2.80 | 0.94 | 197.87% |
Nidhi Granites' consolidated revenue from operations more than doubled to ₹1,981.05 lakhs, compared to ₹928.48 lakhs in the same quarter last year. The company's net profit saw an even more impressive surge, rising by 197.56% to ₹224.03 lakhs from ₹75.29 lakhs in Q1 FY25.
Standalone Performance
On a standalone basis, however, the company faced some challenges:
- Revenue from operations stood at ₹10.16 lakhs, compared to nil in Q1 FY25.
- The company reported a net loss of ₹28.10 lakhs, in contrast to a profit of ₹25.89 lakhs in the same quarter last year.
Strategic Acquisition
A key development during the quarter was Nidhi Granites' acquisition of Auro Fintech Pvt Ltd. The company acquired a 100% equity stake in Auro Fintech for ₹60.57 lakhs on April 1, making it a wholly-owned subsidiary. This acquisition has led to the introduction of a new business segment: Financial Technology and related services.
Segment Performance
The company now operates in four reportable business segments:
- Construction material
- Paper and Paperboard
- Garments
- Financial Technology and related services
The newly added Financial Technology segment contributed significantly to the quarter's performance, with a revenue of ₹465.52 lakhs and a segment result of ₹224.45 lakhs before tax and interest.
Management Changes
Nidhi Granites also announced changes in its key management personnel. Mrs. Krinisha Sanghvi has been appointed as the new Company Secretary and Compliance Officer, effective August 13. Mrs. Sanghvi, a commerce and law graduate with ACS qualification, brings 1.5 years of experience in corporate secretarial matters to the role. She replaces Ms. Swapna Shivashankaran, who resigned on July 31.
Looking Ahead
The strong consolidated performance, coupled with the strategic acquisition of Auro Fintech, positions Nidhi Granites for potential growth in diverse sectors. The company's expansion into the financial technology sector could open up new revenue streams and business opportunities in the coming quarters.
Historical Stock Returns for Nidhi Granites
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.80% | +10.01% | +33.86% | +196.76% | +122.22% | +1,424.66% |
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