Nidhi Granites' consolidated revenue grew to ₹62.50 crore, with profits surging to ₹7.67 crore, largely due to its new Financial Technology segment. However, standalone operations reported a loss.
Nidhi Granites Limited Financial Update
Consolidated Revenue: ₹62.50 crore
Consolidated Profit: ₹7.67 crore
Reader Takeaway: Fintech acquisition drives strong consolidated profits, but standalone business shows losses.
What just happened
Nidhi Granites Ltd has reported its financial results, showing a consolidated revenue of ₹62.50 crore and a consolidated profit of ₹7.67 crore for the fiscal year. This represents a significant increase in profit compared to the previous year's ₹1.92 crore. The company also reported a consolidated Earnings Per Share (EPS) of ₹9.60.
Why this matters
The strong consolidated performance is significantly boosted by the new 'Financial Technology and related services' segment, which contributed ₹17.23 crore in revenue and ₹8.37 crore in profit. This new segment emerged following the acquisition of Paynov8 Private Limited. However, the company's standalone operations reported a loss of ₹1.27 crore, a contrast to the previous year's standalone profit of ₹1.01 crore.
The backstory
The company strategically acquired 100% of Paynov8 Private Limited (formerly Auro Fintech Private Limited) on April 1, 2025, for ₹0.61 crore. This acquisition has quickly become a primary contributor to the group's consolidated profits. In a separate move, a subsidiary, SPNP Paper and Pack Private Limited, divested its stake in Fine Papyrus Private Limited for ₹3.25 crore on March 16, 2026, recording a minor loss of ₹0.04 crore.
What changes now
The acquisition of Paynov8 Private Limited marks a significant shift in Nidhi Granites' business focus towards financial technology. This strategic move is reshaping the company's overall financial performance, driving consolidated growth. Investors will be watching how effectively the company integrates and scales the Fintech operations.
Risks to watch
The primary concern is the continued loss-making trend in the standalone business operations. Investors should monitor whether the standalone segment can return to profitability or if it will remain a drag on overall group performance.
Peer comparison
While direct peer comparison for the specific new fintech segment is not detailed in the filing, the company's overall performance is now a mix of its historical granite business and its new fintech venture. The strategy to acquire a growing fintech entity to boost consolidated results is a notable approach in the current market.
Context metrics (time-bound)
Consolidated Revenue FY26: ₹62.50 crore (up from ₹45.28 crore in FY25).
Consolidated Profit FY26: ₹7.67 crore (up from ₹1.92 crore in FY25).
Standalone Loss FY26: ₹1.27 crore (compared to a profit of ₹1.01 crore in FY25).
What to track next
Investors should closely track the revenue and profitability growth of the Financial Technology segment. Monitoring the turnaround efforts or the strategic future of the standalone business will also be crucial for understanding the company's complete financial picture.