Solitaire Machine Tools Reports Sharp Decline in Q1 FY2026 Revenue and Profit
Solitaire Machine Tools Limited experienced a significant downturn in Q1 FY2026. Revenue from operations fell by 70.4% quarter-on-quarter to Rs 208.39 lakhs, and profit after tax dropped by 94.2% to Rs 4.11 lakhs. Year-over-year, revenue declined by 57.1% and profit by 90.5%. Despite reduced revenue, the company improved its operating profit margin to 20.45%. Total expenses were cut by 66.3% compared to the previous quarter. The company operates in a single business segment, manufacturing and remanufacturing centreless grinding machines and spare parts.
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Solitaire Machine Tools Limited , a manufacturer and remanufacturer of centreless grinding machines and spare parts, has reported a significant decline in its financial performance for the first quarter ended June 30, 2025. The company's unaudited financial results, approved by the Board of Directors on July 22, 2025, reveal a substantial drop in both revenue and profit compared to the previous quarter and the same period last year.
Revenue and Profit Decline
For Q1 FY2026, Solitaire Machine Tools reported revenue from operations of Rs 208.39 lakhs, marking a sharp 70.4% decrease from Rs 704.15 lakhs in the previous quarter (Q4 FY2025). The year-over-year comparison shows a 57.1% decline from Rs 485.65 lakhs in Q1 FY2025.
The company's profit after tax (PAT) for the quarter stood at Rs 4.11 lakhs, significantly lower than the Rs 71.03 lakhs reported in the previous quarter and Rs 43.20 lakhs in the same quarter last year. This represents a 94.2% quarter-on-quarter decrease and a 90.5% year-on-year decline in net profit.
Financial Highlights
| Particulars (in Rs lakhs) | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue from Operations | 208.39 | 704.15 | 485.65 | -70.4% | -57.1% |
| Total Income | 219.75 | 737.13 | 494.76 | -70.2% | -55.6% |
| Total Expenses | 215.51 | 639.95 | 437.04 | -66.3% | -50.7% |
| Profit Before Tax | 4.25 | 97.18 | 57.73 | -95.6% | -92.6% |
| Profit After Tax | 4.11 | 71.03 | 43.20 | -94.2% | -90.5% |
| EPS (Basic & Diluted) | 0.09 | 1.56 | 0.95 | -94.2% | -90.5% |
Operational Performance
The company's total expenses for Q1 FY2026 were Rs 215.51 lakhs, with the cost of materials consumed being the largest component at Rs 200.37 lakhs. Despite the lower revenue, the company managed to reduce its total expenses by 66.3% compared to the previous quarter and 50.7% year-over-year.
The operating profit margin (OPM) for the quarter stood at 20.45%, showing an improvement from 15.36% in the previous quarter and 19.04% in the same quarter last year.
Segment Information
Solitaire Machine Tools Limited operates in a single business segment as a manufacturer and remanufacturer of centreless grinding machines and spare parts. The company's performance is assessed based on this single segment by its chief operating decision maker (CODM).
Auditor's Review
The unaudited financial results for Q1 FY2026 have undergone a limited review by the company's statutory auditors, K.C. Mehta & Co., LLP. The auditors have not expressed any material misstatement in their review report.
Conclusion
The significant decline in revenue and profit for Solitaire Machine Tools Limited in Q1 FY2026 reflects challenging market conditions for the company. While the company has managed to improve its operating profit margin, the substantial decrease in overall business activity is a concern. Investors and stakeholders will be closely monitoring the company's performance in the coming quarters for signs of recovery and growth.
Historical Stock Returns for Solitaire Machine Tools
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.31% | +2.25% | +2.41% | -4.74% | +26.30% | +526.54% |
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