Divyashakti Ltd Reports FY 2026 Results

Profit After Tax dropped to Rs 1.05 crore from Rs 2.54 crore; Revenue fell to Rs 34.76 crore.
Reader Takeaway: Export market tariffs weigh on granite demand, while engineered stone is positioned as a future recovery driver.

What just happened

Divyashakti Ltd has released its financial results for the fiscal year ended March 31, 2026. The company reported a significant contraction in top-line growth, with revenue from operations sliding to Rs 34.76 crore from Rs 63.87 crore in the previous fiscal. Profitability followed a similar trend, with net profit declining to Rs 1.05 crore. Despite these results, the company declared a final dividend of Rs 1.00 per share and scheduled its Annual General Meeting for September 28, 2026.

Why this matters

The company’s performance highlights its heavy reliance on the US market. Management explicitly flagged higher import tariffs and subdued housing demand in the US as the primary reasons for the decline in export volumes for both granite and engineered quartz products. With management anticipating "subdued" granite sales for the upcoming year, the near-term outlook for the core business remains cautious.

Related Party Transactions

Shareholders will be asked to vote on material related-party transactions for FY 2026-27. These include deals with three Cosmos Granite entities (West, South East, and South West) with a combined cap of Rs 80 crore. The Managing Director, N. Hari Hara Prasad, is noted as interested in these firms through family partnerships.

What to track next

Investors should monitor the performance of the engineered stone segment. Management has identified this as a key growth area intended to offset the ongoing weakness in the traditional granite business.