Nidhi Granites Reports 73% Revenue Decline and Net Loss in Q1
Nidhi Granites Limited experienced a sharp 73.4% decrease in total income to ₹10.16 lakhs in Q1, down from ₹38.22 lakhs in the previous quarter. The company reported a net loss after tax of ₹28.10 lakhs, compared to a profit of ₹25.89 lakhs in the preceding quarter. EPS turned negative at ₹0.35. Despite the quarter-on-quarter decline, there was a marginal improvement compared to the same quarter of the previous year. The company's equity share capital remained stable at ₹800 lakhs.
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.