Solid Stone Company Reports 33.7% Revenue Growth in Q1 FY2026
Solid Stone Company Limited announced its Q1 FY2026 results, reporting a 33.7% increase in revenue to Rs. 567.44 lakhs. Net profit rose by 15.5% to Rs. 5.08 lakhs. EPS stood at Rs. 0.09. The company saw strong demand for its natural stone products and building materials. Despite revenue growth, profit increase was moderated due to higher expenses. Chairman Milan B. Khakhar expressed satisfaction with the company's performance and market position. On a consolidated basis, net profit was Rs. 4.38 lakhs. The company remains focused on expanding its product range and market presence in the natural stones and building materials segment.
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Solid Stone Company Limited, a leading player in the natural stones and building materials industry, has announced its financial results for the first quarter ended June 30, 2025 (Q1 FY2026).
Financial Highlights
- Revenue from operations increased by 33.7% to Rs. 567.44 lakhs in Q1 FY2026, compared to Rs. 424.47 lakhs in Q1 FY2025.
- Net profit rose by 15.5% to Rs. 5.08 lakhs, up from Rs. 4.40 lakhs in the corresponding quarter of the previous year.
- Earnings per share (EPS) for the quarter stood at Rs. 0.09, compared to Rs. 0.08 in Q1 FY2025.
Operational Performance
The company witnessed significant growth in its top line, driven by strong demand for its natural stone products and building materials. Despite the increase in revenue, net profit growth was moderated due to higher expenses across various categories.
Expense Analysis
| Expense Category | Q1 FY2026 | Q1 FY2025 |
|---|---|---|
| Cost of raw materials consumed | Rs. 7.40 | Rs. 1.47 |
| Employee benefits expenses | Rs. 74.52 | Rs. 64.82 |
| Finance costs | Rs. 44.91 | Rs. 51.04 |
| Depreciation and amortization | Rs. 32.09 | Rs. 23.31 |
All figures in lakhs
Management Commentary
Milan B. Khakhar, Chairman and Managing Director of Solid Stone Company Limited, commented on the results: "We are pleased with our strong start to the fiscal year 2026. The 33.7% growth in revenue demonstrates the robust demand for our products and the strength of our market position. While we have seen an increase in some cost components, we remain focused on operational efficiency and sustainable growth."
Consolidated Results
On a consolidated basis, which includes the company's associate Global Instile Solid Industries Limited, the net profit for Q1 FY2026 stood at Rs. 4.38 lakhs, compared to Rs. 4.01 lakhs in the same period last year.
Outlook
The company continues to focus on expanding its product range and market presence in the natural stones and building materials segment. With the construction and real estate sectors showing signs of recovery, Solid Stone Company Limited is well-positioned to capitalize on the growing demand for quality building materials.
The Board of Directors has reviewed and approved these financial results at their meeting held on August 13, 2025. The statutory auditors have carried out a limited review of the financial statements and have issued an unmodified review report.
Solid Stone Company Limited remains committed to delivering value to its shareholders and maintaining its leadership position in the industry.
Historical Stock Returns for Solid Stone Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.45% | -9.86% | -6.17% | +2.19% | -8.91% | -22.10% |
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