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Madhav Marbles Reports Q3 Consolidated Net Loss of ₹48.77 Lakhs as Core Segment Struggles
Madhav Marbles and Granites reported a consolidated net loss of ₹48.77 lakhs for the quarter ended December 31, 2025, widening from a loss of ₹32.47 lakhs in the previous year. Revenue from operations remained largely stagnant at ₹660.25 lakhs compared to ₹685.09 lakhs YoY. The core Granite & Stone division faced significant pressure, reporting a segment loss of ₹77.56 lakhs against a profit of ₹36.14 lakhs in the year-ago period. Despite a boost in the Power Generation unit, rising manufacturing and material costs have weighed heavily on the bottom line.
Key Highlights
Consolidated net loss widened to ₹48.77 lakhs from a loss of ₹32.47 lakhs in Q3 FY25.
Revenue from operations dipped slightly to ₹660.25 lakhs from ₹685.09 lakhs in the same quarter last year.
The Granite & Stone division swung to a segment loss of ₹77.56 lakhs from a profit of ₹36.14 lakhs YoY.
Power Generation unit revenue increased significantly to ₹53.69 lakhs from ₹15.88 lakhs YoY.
Consolidated EPS for the quarter deteriorated to -₹0.55 compared to -₹0.36 in the prior year period.
💼 Action for Investors
Investors should exercise caution as the company's core granite business is currently loss-making and revenue growth is stagnant. Monitor the company's ability to manage rising raw material costs and improve operational efficiency in the coming quarters.
Madhav Marbles Q3 Results: Subsidiary Capital Hike and Sale of Wind Assets Approved
Madhav Marbles and Granites Limited reported its Q3 FY26 results and announced strategic moves including the sale of non-core assets. The board approved increasing the paid-up capital of its subsidiary, Madhav Ashok Ventures Private Limited, from INR 3.60 Crores to INR 5 Crores. Furthermore, the company will divest two wind electric generators located in Tamil Nadu to streamline operations. While subsidiaries reported a net loss of Rs. 30.94 lakhs for the quarter, management indicates these figures are not material to the overall group performance.
Key Highlights
Approved Un-audited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025
Increased paid-up capital of subsidiary Madhav Ashok Ventures Private Limited from INR 3.60 Crores to INR 5 Crores
Authorized the sale of two Wind Electric Generators and associated assets in Tirunelveli District, Tamil Nadu
Subsidiaries reported a combined net loss of Rs. 30.94 lakhs for the quarter and Rs. 152.20 lakhs for the nine-month period ended December 2025
💼 Action for Investors
Investors should monitor the proceeds from the wind asset sale and how the additional capital infusion into the subsidiary impacts future consolidated profitability. The divestment of non-core assets is a positive step toward operational focus.
Madhav Marbles Q3 Results: Subsidiary Capital Hike to ₹5 Cr & Sale of Wind Assets Approved
Madhav Marbles and Granites Limited has approved its Q3 FY26 financial results and several strategic corporate actions. The board sanctioned increasing the paid-up capital of its subsidiary, Madhav Ashok Ventures Private Limited, from ₹3.60 crores to ₹5 crores. Furthermore, the company is divesting from its non-core wind energy business by selling two generators located in Tamil Nadu. Financial disclosures reveal that its subsidiaries reported a combined net loss of ₹30.94 lakhs for the quarter on minimal revenue.
Key Highlights
Approved increase of paid-up capital for subsidiary Madhav Ashok Ventures from ₹3.60 Crores to ₹5 Crores
Authorized the sale of two Wind Electric Generators and associated assets in Tirunelveli, Tamil Nadu
Subsidiaries reported a combined net loss of ₹30.94 lakhs for the quarter ended December 31, 2025
Total revenue for subsidiaries stood at just ₹10.44 lakhs for the nine-month period ended December 2025
Consolidated nine-month net loss for subsidiaries reached ₹152.20 lakhs
💼 Action for Investors
Investors should monitor the progress of the wind asset sale and the performance of the loss-making subsidiaries which are currently requiring capital infusions. The exit from non-core assets could improve focus on the primary marble and granite business.
Madhav Marbles to Sell Wind Assets and Infuse INR 1.4 Cr in Subsidiary
Madhav Marbles and Granites Limited held a board meeting on February 11, 2026, to approve Q3 FY26 financial results and key strategic moves. The company decided to exit its wind energy investment by selling two generators in Tamil Nadu. Furthermore, it will increase the capital of its subsidiary, Madhav Ashok Ventures, from INR 3.60 Crores to INR 5 Crores. Auditor reports highlight that its subsidiaries remain loss-making, with a cumulative loss of INR 1.52 Crores for the nine-month period ending December 2025.
Key Highlights
Approved un-audited standalone and consolidated financial results for the quarter ended December 31, 2025
Authorized the sale of two Wind Electric Generators and associated assets located in Tirunelveli, Tamil Nadu
Increased paid-up capital of subsidiary Madhav Ashok Ventures Private Limited by INR 1.4 Crores to reach INR 5 Crores
Subsidiaries reported a combined net loss of INR 152.20 lakhs for the nine-month period ended December 31, 2025
Subsidiary revenue remained low at only INR 10.44 lakhs for the nine-month period
💼 Action for Investors
Investors should monitor the proceeds from the wind asset sale and whether the capital infusion into the subsidiary leads to a turnaround in its loss-making operations. Review the detailed financial statements to assess the core marble business's profitability.