Madhav Marbles Posts Sharp YoY Profit Growth Despite Revenue Dip
The company's Q1 FY27 profit surged over 340% year-on-year, but a sequential loss and margin pressure highlight volatility.
Madhav Marbles & Granites reported a 344% YoY jump in profit for Q1 FY27, though revenue slipped slightly. The quarter ended with a net loss and a sharp decline from the profitable Q4.
Madhav Marbles & Granites reported a sharp year-on-year improvement in profitability for the first quarter of FY27, even as its revenue edged lower. The company's profit surged by 344.4% compared to the same period last year, although it fell back into a loss position after a profitable Q4.
The latest quarter saw revenue of ₹7.91 crore, a modest 1.5% decline from Q1 FY26. However, the profit story is more complex. While the year-on-year growth is dramatic, the profit of -₹0.80 crore represents a significant 153.7% drop from the ₹1.49 crore earned in the preceding quarter (Q4 FY26). This swing pushed the net profit margin deep into negative territory at -10.1%, a stark reversal from the 16.1% margin achieved just three months prior.
A look at the recent quarterly trajectory shows the inherent volatility in the company's earnings.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Quarter ended June 2026 | Quarter ended March 2026 | Quarter ended June 2025 |
| Revenue (₹ Cr) | 7.91YoY -1.5% | 9.24 | 8.03 |
| Profit (₹ Cr) | -0.80YoY -344% | 1.49 | -0.18 |
| Net Profit Margin (%) | -10.1YoY -359% | 16.1 | -2.2 |
The trailing twelve-month (TTM) performance remains subdued, with a cumulative net profit margin of -0.8% on revenue of ₹30.59 crore. This earnings volatility has been reflected in the stock's performance, which has declined approximately 20.9% over the past year.
Key Points
- The company maintains a very low debt-to-equity ratio of 0.09, indicating a strong balance sheet.
- Return on Equity (ROE) for the TTM period stands at -1.19%.
- The stock closed at ₹35.04 on the results announcement date.
The core challenge for Madhav Marbles is translating sporadic quarterly profits into sustained, positive net profit margins.
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· MADHAV
(BSE)
ISIN: INE925C01016
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