Nidhi Granites' Q1 FY 2026-27 Quarterly Results

Result Summary

• Nidhi Granites Ltd reported a 4.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a decline of 19.3%.
• Its expenses for the quarter were down by 11.7% QoQ and 27.7% YoY.
• The net profit increased 49.5% QoQ and increased 29.5% YoY.
• The earnings per share (EPS) of Nidhi Granites Ltd stood at 3.62 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Nidhi Granites Ltd is a company engaged primarily in the production and sale of granite products. As a player in the natural stone industry, it focuses on quarrying, processing, and exporting a variety of granite slabs and tiles. Granite, being a durable and aesthetically pleasing material, serves a wide range of applications, including construction and interior design. As of the latest data provided, specific recent developments or strategic initiatives undertaken by Nidhi Granites Ltd are not available, and such information could provide further context to understand its business dynamics.

Revenue

In Q1FY27, Nidhi Granites Ltd reported a total income of ₹16.04 crores. This represents a 4.1% decrease in revenue from the previous quarter (Q4FY26), where the total income stood at ₹16.73 crores. Year-over-year, there is a notable decline of 19.3% from Q1FY26, where the total income was ₹19.88 crores. This data reflects a downward trend in revenue generation, which requires further investigation for underlying causes, such as market conditions or operational challenges, to fully understand the impact on the company's financial health.

Profitability

The company's profit before tax (PBT) for Q1FY27 was ₹3.85 crores, showing a significant quarter-over-quarter increase of 31.4% compared to Q4FY26, where PBT was ₹2.93 crores. Year-over-year, the PBT increased by 26.2% from Q1FY26, where it was ₹3.05 crores. The profit after tax (PAT) for Q1FY27 was ₹2.90 crores, reflecting a substantial rise of 49.5% from the preceding quarter and a 29.5% increase from Q1FY26. These figures indicate an improvement in profitability despite the decrease in total income. The effective tax rate for Q1FY27 was approximately 24.9%, slightly lower than the 33.8% in Q4FY26, which contributes to the improved PAT figures.

Operating Metrics

During Q1FY27, Nidhi Granites Ltd reported total expenses of ₹12.18 crores, which marks a decrease of 11.7% from ₹13.80 crores in Q4FY26. Compared to Q1FY26, expenses fell by 27.7% from ₹16.84 crores. This reduction in expenses has positively impacted the company's profitability margins. The earnings per share (EPS) for Q1FY27 stood at ₹3.62, up by 49.6% from the previous quarter's ₹2.42 and a 29.3% increase from Q1FY26's ₹2.80. This rise in EPS aligns with the improvements in net profitability. These metrics suggest efficient cost management during the quarter, contributing to the bottom-line growth despite a revenue contraction.