Results - Announcements
Nidhi Granites Ltd share price declined by 0.82% to Rs 290.0 after the company's net profit contracted 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, plunging by 20%. It has softened by 1.93% over last one week and gained upto 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, jumping 90.16% year-on-year, and declining 9.61% quarter-on-quarter. EBITDA came in at Rs 4 crore, rallying 115.58% YoY and rising 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, slumping by 47.34% YoY, while employee benefits expense was at Rs 1.49 crore, surging 33.04% YoY.
For FY26, revenue from operations surged 43.99% to Rs 65.2 crore, while net profit jumped 300% to Rs 7.68 crore, compared to previous FY. EBITDA tanked by 101% to Rs 11.76 crore, and PBT witnessed a strong rise of 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 tumbled by 34.23% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.42% during the same period.