Results - Announcements
Nidhi Granites Ltd share price ticked higher by 4.43% to Rs 292.4 after the company's net profit declined by 18.97% to Rs 2.35 crore, while revenue from operations increased 19.82% to Rs 18.98 crore in Q2FY27 over Q2FY26.
The market capitalization of Other Construction Materials industry group stocks on BSE stood at Rs 12088.24 crore, tanking 20%. It has eased by 1.93% over last one week and ticked higher by 5.86% in last one month while the market capitalization of Nidhi Granites Ltd has marginally improved by 2.29% and 2.36% in the same period respectively.
Profit before tax (PBT) of Nidhi Granites Ltd stood at Rs 3.48 crore in Q2 FY27, rallying 90.16% year-on-year, and slipping 9.61% quarter-on-quarter. EBITDA came in at Rs 4 crore, expanding by 115.58% YoY and easing 4.89% sequentially.
Total expenses jumped by 27.50% to Rs 15.53 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 1.78 crore, registering a fall of 47.34% YoY, while employee benefits expense was at Rs 1.49 crore, jumping 33.04% YoY.
For FY26, revenue from operations witnessed a strong growth of 43.99% to Rs 65.2 crore, while net profit saw a strong growth of 300% to Rs 7.68 crore, compared to previous FY. EBITDA tanked by 101% to Rs 11.76 crore, and PBT soared 324.90% to Rs 10.75 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 5.8 crore in FY26, as against Rs 1.5 crore in FY25.
Nidhi Granites Ltd crashed 33.70% in last one year, underperforming the benchmark BSE Sensex which has softened by 3.03% during the same period.