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Varmora Granito (VARMORA)₹131.19−1.91%Ceramics
In the Sep 2026 quarter (consolidated), Varmora Granito reported sales of ₹398 Cr, up 8.6% from Sep 2025, and net profit of ₹43.96 Cr, up 214.4% year on year. For the year to Mar 2026, sales were ₹1,512 Cr and net profit ₹54.92 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Sales | 325 | 367 | 453 | 314 | 398 |
| Expenses | 303 | 332 | 382 | 287 | 334 |
| Operating Profit | 21.93 | 34.84 | 70.74 | 27.90 | 64.81 |
| OPM % | 7.0% | 9.0% | 16.0% | 9.0% | 16.0% |
| Other Income | 7.98 | 22.93 | 17.94 | 4.99 | 3.99 |
| Interest | 11.02 | 10.01 | 10.01 | 7.01 | 7.01 |
| Depreciation | 26.04 | 27.05 | 26.08 | 12.03 | 11.02 |
| Profit before tax | −7.02 | 21.05 | 53.09 | 14.04 | 51.07 |
| Tax % | −26.0% | 32.1% | 27.1% | 31.1% | 14.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −4.99 | 13.98 | 38.94 | 9.99 | 43.96 |
| EPS (Rs) | −0.20 | 0.81 | 2.01 | 0.62 | 2.00 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 838 | 1,055 | 1,334 | 1,434 | 1,444 | 1,512 |
| Expenses | 746 | 941 | 1,218 | 1,321 | 1,293 | 1,340 |
| Operating Profit | 91.67 | 114 | 116 | 113 | 153 | 170 |
| OPM % | 11.0% | 11.0% | 9.0% | 8.0% | 11.0% | 11.0% |
| Other Income | 4.99 | 6.99 | 66.80 | 39.91 | 45.89 | 50.83 |
| Interest | 15.03 | 17.02 | 42.04 | 29.05 | 42.04 | 39.04 |
| Depreciation | 28.06 | 35.09 | 56.15 | 62.19 | 119 | 106 |
| Profit before tax | 54.15 | 69.14 | 85.14 | 63.15 | 38.05 | 77.13 |
| Tax % | 26.0% | 27.0% | 35.1% | 29.0% | 18.1% | 28.1% |
| Exceptional items | 0.00 | −1.01 | 0.00 | 0.00 | −0.99 | 0.00 |
| Net Profit | 39.91 | 50.94 | 54.91 | 44.95 | 30.96 | 54.92 |
| EPS (Rs) | 2.30 | 3.16 | 2.54 | 2.20 | 1.74 | 3.07 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9.96 | 9.96 | 12.97 | 39.92 | 39.83 | 39.85 |
| Reserves | 153 | 201 | 638 | 649 | 692 | 767 |
| Borrowings | 227 | 246 | 276 | 428 | 521 | 377 |
| Other Liabilities | 230 | 291 | 331 | 354 | 333 | 324 |
| Total Liabilities | 622 | 749 | 1,258 | 1,470 | 1,587 | 1,508 |
| Fixed Assets | 178 | 253 | 383 | 753 | 707 | 619 |
| CWIP | 32.12 | 5.02 | 3.01 | 3.01 | 10.03 | 27.08 |
| Investments | 19.93 | 26.93 | 28.94 | 31.89 | 33.88 | 52.85 |
| Other Assets | 390 | 464 | 843 | 681 | 837 | 808 |
| Inventories | 78.29 | 117 | 190 | 191 | 287 | 249 |
| Trade receivables | 243 | 268 | 361 | 333 | 381 | 382 |
| Cash & equivalents | 25.99 | 36.02 | 237 | 98.01 | 115 | 115 |
| Total Assets | 622 | 749 | 1,258 | 1,470 | 1,587 | 1,508 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 115 | 67.86 | −9.98 | 87.75 | 62.91 | 234 |
| Cash from investing activity | −97.40 | −75.27 | −83.37 | −338 | −120 | −46.19 |
| Cash from financing activity | −1.01 | 17.02 | 290 | 115 | 47.03 | −188 |
| Net cash flow | 17.93 | 8.96 | 196 | −132 | −9.97 | 0.00 |
| Capex | 96.68 | 74.42 | 20.29 | 350 | 113 | 33.87 |
| Free cash flow | 20.03 | −4.01 | −23.04 | −259 | −40.06 | 202 |
| CFO / OP % | 137.0% | 74.0% | 13.0% | 95.9% | 50.0% | 146.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 106 | 93 | 99 | 85 | 96 | 92 |
| Inventory days | 67 | 95 | 139 | 113 | 216 | 157 |
| Days payable | 119 | 144 | 175 | 114 | 158 | 138 |
| Cash conversion cycle | 53 | 43 | 62 | 83 | 154 | 110 |
| Working capital days | 33 | 23 | 39 | 37 | 41 | 51 |
| ROCE % | — | 19.0% | 17.1% | 9.0% | 7.0% | 9.0% |
For the Sep 2026 quarter, Varmora Granito reported sales of ₹398 Cr, up 8.6% year on year and net profit of ₹43.96 Cr, up 214.4% year on year. The operating margin was 16.0%.
Varmora Granito's sales for the year to Mar 2026 were ₹1,512 Cr.
Net profit for the year to Mar 2026 was ₹54.92 Cr. Earnings per share over the same trailing period were ₹3.07.
Varmora Granito reported borrowings of ₹377 Cr at Mar 2026, against cash and equivalents of ₹115 Cr.
Cash from operations was ₹234 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹202 Cr.