According to the latest audited results, Aro Granite Industries reported a standalone net loss of ₹745.49 lacs for Q1 FY27, marking a significant deterioration from the net profit of ₹5.58 lacs recorded during the corresponding quarter of the previous financial year. This represents a widening from the net loss of ₹640.73 lacs recorded in Q4 FY26, indicating continued operational challenges. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 7, 2026, with statutory auditors Alok Mittal & Associates issuing an unqualified audit opinion.
The company's revenue from operations declined to ₹2,062.42 lacs in Q1 FY27, compared to ₹2,703.66 lacs recorded during the same quarter of the previous financial year. Additionally, total income including other income of ₹58.31 lacs came in at ₹2,120.73 lacs. Both the Granite Slabs/Tiles and Quartz divisions posted negative segment results during the quarter, with the Granite Slabs/Tiles Division contributing ₹1,588.04 lacs in revenue and recording a segment loss of ₹331.55 lacs, compared to a segment profit of ₹406.23 lacs in Q1 FY26. The Quartz Division reported a segment loss of ₹123.81 lacs against a loss of ₹48.42 lacs in the year-ago period.
The company's total expenses for the quarter rose to ₹2,867.83 lacs, resulting in a loss before tax of ₹747.10 lacs. Key expense components for Q1 FY27 include cost of materials consumed at ₹1,054.22 lacs, employee benefit expense of ₹279.17 lacs, financial costs of ₹291.75 lacs, and depreciation and amortization of ₹246.95 lacs. The cost structure reflects elevated material and financial costs relative to revenues, with the company assessing employee benefit obligations in light of the four new Labour Codes announced by the Government of India effective November 21, 2025, and finding no implication against employee benefits as past service cost for the quarter.
At the same Board meeting, two significant managerial re-appointments were approved, both subject to shareholder approval at the ensuing Annual General Meeting. Mr. Sunil Kumar Arora was re-appointed as Managing Director effective April 1, 2027, bringing 39+ years of experience in the granite business and described as being vested with substantial powers of management. Mr. Sahil Arora was re-appointed as Whole-Time Director effective November 1, 2026, with 18+ years in the granite industry and a Post Graduate Programme in Family Business from ISB. Mr. Sahil Arora oversees international marketing as well as the domestic market segment, with the paid-up equity share capital remaining unchanged at ₹1,530 lacs.
