Latest news about Solitaire Machine Tools
Solitaire Machine Tools Reports Sharp Decline in Q1 FY2026 Revenue and Profit Jul 22, 2025
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.