Elegant Marbles' profit slips. Its investment loss is seven times bigger.
Annual results were already out. The board meeting was a formality. The revaluation loss is the real number.
— 3 earlier stories on Elegant Marbles & Grani Industries Ltd. →What's new
- FY26 net profit fell to ₹3.35 cr from ₹4.70 cr, on revenue of ₹34.34 cr.
- An investment revaluation loss of ₹23.42 cr hit the balance sheet.
- This is a formal filing of results already disclosed; no new operational data.
Why this matters
The revaluation loss is seven times the company's full-year profit. For a nano-cap with a ₹61 cr market cap, that swing matters more than the marble business itself. The board meeting was a formality.
What we're watching
- Whether the ₹23.42 cr revaluation loss reverses if markets recover.
- The trajectory of the core marble business against the ₹34.34 cr revenue line.
- Any change in the company's investment portfolio strategy.
The full read
Elegant Marbles reported FY26 revenue of ₹34.34 crore, but net profit slipped to ₹3.35 crore from ₹4.70 crore a year earlier. The bigger number is tucked away below the profit line: an ₹23.42 crore investment revaluation loss. For a company with a ₹61 crore market cap, that swing dwarfs the operating result. This filing is a formality; the results were already out. The board also signed off on routine reappointments and set the AGM date. What changes from here is whether that investment loss reverses. It hasn't yet.
Questions answered
- Why did net profit fall even as revenue grew?
- Revenue grew to ₹34.34 crore but net profit slipped to ₹3.35 crore from ₹4.70 crore. The filing does not break down the exact cost increase that squeezed margins.
- What is the ₹23.42 crore loss that hit the balance sheet?
- It is a mark-to-market revaluation loss on investments, which sits outside the profit-and-loss statement. For a company with a ₹61 crore market cap, this is a large hit.
- Is any of this new information?
- No. The annual results were previously disclosed. This board meeting formally approved them and handled routine matters like key managerial reappointments and the AGM date.
- How big is the revaluation loss relative to the company's earnings?
- The ₹23.42 crore other loss is about seven times the company's ₹3.35 crore net profit for the year.
Elegant Marbles & Grani Industries Ltd.
Latest quarter · Mar 2026
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All notes on ELEMARB →- 22 May 2026 · 3:50 PM IST Elegant Marbles' profit slips. Its investment loss is seven times bigger.
- 46d ago Elegant Marbles posts 20% revenue growth, but investment loss sinks net income
- 46d ago Elegant Marbles annual profit slips to ₹3.35 cr
- 46d ago Elegant Marbles' revenue up 20%, but a ₹23.42 cr investment loss sinks the year