Integrated Filing — IndAS



General information about company

Scrip Code 544942
NSE Symbol VARMORA
MSEI Symbol NOTLISTED
ISIN INE0M5301040
Name of company VARMORA GRANITO LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 19-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Not Applicable
Start date and time of board meeting 19-10-2026   16:00:00
End date and time of board meeting 19-10-2026   20:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 31,527.50 31,527.50
Other income 450.50 450.50
Total income 31,978.00 31,978.00
2 Expenses
(a) Cost of materials consumed 7,752.10 7,752.10
(b) Purchases of stock-in-trade 4,661.00 4,661.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (641.40) (641.40)
(d) Employee benefit expense 2,426.00 2,426.00
(e) Finance costs 712.90 712.90
(f) Depreciation, depletion and amortisation expense 1,149.80 1,149.80
(f) Other Expenses
1 Other expenses 14,480.40 14,480.40
Total other expenses 14,480.40 14,480.40
Total expenses 30,540.80 30,540.80
3 Total profit before exceptional items and tax 1,437.20 1,437.20
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,437.20 1,437.20
6 Tax expense
7 Current tax 59.90 59.90
8 Deferred tax 381.10 381.10
9 Total tax expenses 441.00 441.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 996.20 996.20
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (25.90) (25.90)
16 Total profit (loss) for period 970.30 970.30
17 Other comprehensive income net of taxes 5.60 5.60
18 Total Comprehensive Income for the period 975.90 975.90
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1,263.60 1,263.60
Total profit or loss, attributable to non-controlling interests (293.30) (293.30)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1,269.20 1,269.20
Total comprehensive income for the period attributable to owners of parent non-controlling interests (293.30) (293.30)
21 Details of equity share capital
Paid-up equity share capital 4,032.50 4,032.50
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.63 0.63
Diluted earnings (loss) per share from continuing operations 0.63 0.63
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.63 0.63
Diluted earnings (loss) per share from continuing and discontinued operations 0.63 0.63
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The unaudited consolidated financial results of the Holding Company and its Subsidiaries (referred to as the Group) and its associates and joint ventures for the quarter ended June 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors of the Group at their respective meeting held on October 19, 2026. The Statutory auditors have carried out a limited review of these results. 2 The unaudited consolidated financial results of the Group have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34, Interim Financial Reporting as prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 (as amended). 3 The Holding Company’s equity shares have been listed on the National Stock Exchange of India (NSE) and on BSE Limited (BSE) on September 29, 2026, by completing Initial Public Offering of 47,839,255 equity shares of face value of Rs. 2 each at an issue price of Rs. 148 per equity share, comprising of offer for sale of 26,217,634 equity shares by selling shareholders and 21,621,621 fresh issue of equity shares. Accordingly, these are the first quarterly results after the listing of the shares and consequently, corresponding numbers for the quarter ended March 31, 2026 and June 30, 2025 were not subjected to limited review by statutory auditors and the management has exercised necessary diligence in preparing the financial results for the said period to ensure that it presents a true and fair view of the Group's affairs. 4 The figures for the quarter ended March 31, 2026 are the balancing figures between the audited consolidated figures of the full financial year ended March 31, 2026 and unaudited consolidated year to date figures upto the nine months period ended December 31, 2025 which were not subject to audit or review by the statutory auditors. However, the management has exercised necessary diligence in preparing the financial results for the said period to ensure it presents a true and fair view of the Group's affairs. 5 The Group's business falls under single operating segment of manufacturing and selling of tiles and related products. Hence, there are no reportable segment disclosure under lnd AS 108, Operating Segments. 6 Subsequent to quarter end, the Holding Company has on account of strategic and business considerations, pursuant to the memorandum of understanding dated September 05, 2026 (“Effective Date”) amongst the Holding Company, Chaturbhai Karamashibhai Detroja, Kiritkumar Karamshibhai Detroja (such persons, the “New Partners”) and Simola Tiles LLP (“MOU”), Holding Company has retired as a partner of Simola Tiles LLP, and the New Partners have been admitted as partners of Simola Tiles LLP with 30% and 29% partnership interest, respectively. Accordingly, with effect from the Effective Date, the Holding Company does not have any partnership interest in Simola Tiles LLP and it has ceased to be a subsidiary of our Group. 7 Effective April 01, 2026, the Group has changed the method of depreciation, based on review of key operational estimates including an operational efficiency and patten in which the future economic benefits of these assets are expected to be consumed, from diminishing balance method to straight line method. Accordingly, change in method of depreciation of the said asset is being applied prospectively in accordance with Ind AS 8 - Accounting Policies, Change in Accounting Estimates and Errors. Had the Group continued with the previous estimated method for charging depreciation, charge for depreciation would have been higher by Rs. 112.40 Millions, net profit have been lower by Rs. 84.70 Millions for the quarter ended June 30, 2026. 8 The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes, viz. Code on Wages, 2019, Code on Social Security, 2020, Industrial Relations Code, 2020 and Occupational Safety, Health and Working Conditions Code 2020 collectively referred to as the New Labour Codes. These Codes have been made effective from November 21, 2025. In accordance with the guidance issued by the Institute of Chartered Accountants of India and based on actuarial valuation, the Group has estimated the financial implications thereof and made additional provision of Rs. 7.74 Millions towards gratuity disclosed under Exceptional items in the Statements for the year ended March 31, 2026.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 7.50 7.50
2 Share of OCI in associates and joint ventures 0.00 0.00
Total Amount of items that will not be reclassified to profit and loss 7.50
2 Income tax relating to items that will not be reclassified to profit or loss 1.90 1.90
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 5.60 5.60