Madhav Marbles and Granites Limited (MADHAV) — Financial Results | 25 June 2026

Madhav Marbles and Granites reported a consolidated net loss of Rs 148.39 lakhs for FY2025, down from a profit of Rs 75.11 lakhs in the prior year, driven by audit qualifications related to impaired subsidiary investments and loans. The company disclosed that its subsidiary's net worth was fully eroded, but no impairment assessment or provision was made, leaving potential adjustments uncertain. Management remains optimistic about future recovery, citing anticipated US tariff benefits and plans for additional funding, though it acknowledged the need for further restructuring and operational improvements to stabilize the subsidiary's financial position.