Aro Granite Industries Reports Q1 Loss of Rs 642.28 Crore Amid Revenue Decline
Aro Granite Industries Limited reported a substantial loss in Q1 FY2025-26. Revenue from operations decreased by 28% to Rs 27.04 crore, while the company posted a net loss of Rs 642.28 crore compared to a profit of Rs 0.75 crore in the same quarter last year. The Granite Slabs/Tiles Division contributed Rs 18.73 crore to revenue, while the Quartz Division generated Rs 8.75 crore. Despite reducing total expenses, the company's EPS turned negative at Rs 4.07. The results reflect challenging market conditions in the granite and quartz industry.