Solid Stone Company Limited Schedules Board Meeting on May 12, 2026 to Approve FY26 Audited Financial Results

Solid Stone Company Limited has notified BSE Limited of an upcoming board meeting, in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled to be held on Tuesday, 12th May, 2026, at which the Board of Directors will consider and approve the audited standalone and consolidated financial results of the company for the year ended 31st March, 2026.

Board Meeting Details

The key details of the scheduled board meeting and the associated trading window closure are outlined below:

Parameter: Details Board Meeting Date: Tuesday, 12th May, 2026 Purpose: Approval of Audited Standalone and Consolidated Financial Results Financial Period: Year ended 31st March, 2026 Trading Window Closed Since: 1st April, 2026 Trading Window Reopens After: Thursday, 14th May, 2026 (both days inclusive)

Trading Window Closure

In line with the company's intimation dated 28th March, 2026, the trading window for dealing in equity shares of Solid Stone Company Limited has been closed since 1st April, 2026. This closure was implemented for the publication of audited financial results for the quarter and year ended 31st March, 2026. The trading window will remain closed through Thursday, 14th May, 2026 (both days inclusive), as per the Company's Code of Conduct for Prohibition of Insider Trading, which governs, monitors, and reports trading by designated persons.

The intimation was submitted to the General Manager, BSE Limited, Dalal Street, Fort, Mumbai – 400023, and was signed by Hardik Valia, Company Secretary and Compliance Officer (ACS-22571), on behalf of Solid Stone Company Limited.

Solid Stone Company , a player in the natural stones and building materials sector, has released its financial results for the quarter ended September 30, 2025, revealing a mixed performance with declining revenue and profits.

Revenue and Profit Analysis

The company reported a significant drop in revenue from operations, which stood at Rs. 726.82 crore for the quarter, compared to Rs. 948.25 crore in the corresponding quarter of the previous year, marking a decrease of about 23.4%.

Net profit for the quarter also saw a substantial decline:

Metric Q2 FY2026 Q2 FY2025 YoY Change Net Profit 12.10 50.58 -76.1% EPS 0.23 0.94 -75.5%

All figures in Rs. crore, except EPS in Rs.

The earnings per share (EPS) decreased from Rs. 0.94 to Rs. 0.23, reflecting the impact of reduced profitability on shareholder returns.

Balance Sheet Highlights

As of September 30, 2025, SolidStone's balance sheet showed:

Total assets of Rs. 5,325.71 crore, a slight increase from Rs. 5,272.14 crore as of March 31, 2025.

Inventory levels rose to Rs. 3,096.67 crore from Rs. 3,041.14 crore.

Trade receivables increased marginally to Rs. 525.43 crore from Rs. 519.68 crore.

Liabilities and Equity

Total equity stood at Rs. 2,252.98 crore, up from Rs. 2,241.38 crore at the end of the previous fiscal year.

Current borrowings increased to Rs. 1,321.78 crore from Rs. 1,264.94 crore.

Cash Flow and Liquidity

The company's cash and cash equivalents remained relatively stable at Rs. 6.50 crore, compared to Rs. 6.48 crore at the end of the previous fiscal year.

Outlook

The significant decline in both revenue and profits may raise concerns about the company's near-term performance. Factors such as increased inventory levels and higher current borrowings could indicate potential cash flow pressures.

Investors and analysts may look for additional context regarding the factors behind the revenue decline and strategies to improve profitability in the coming quarters. The company's ability to manage its working capital and debt levels will be crucial areas to watch as it navigates through this period.

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