Nidhi Granites Reports ₹7.68 Crore Consolidated Profit for FY26, Standalone Business Posts Loss

₹7.68 crore consolidated profit; ₹1.27 crore standalone net loss.

Reader Takeaway: Profitable consolidated growth driven by new FinTech segment, but holding company's core operations remain a concern.

What just happened

Nidhi Granites Limited has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a consolidated net profit of ₹7.68 crore (₹767.77 lakh), a significant increase from ₹1.92 crore (₹191.85 lakh) in the previous fiscal year. This growth was bolstered by the acquisition of Paynov8 Private Limited (formerly Auro Fintech) and the divestment of Fine Papyrus Private Limited.

However, on a standalone basis, the company incurred a net loss of ₹1.27 crore (₹126.56 lakh) for FY26, a reversal from the ₹1.01 crore (₹101.32 lakh) profit reported in FY25.

Why this matters

The divergence between consolidated and standalone performance highlights the impact of strategic acquisitions and divestments on Nidhi Granites' overall financial health. Investors will be keen to see if the profitable FinTech segment can continue to drive group growth and eventually improve the standalone entity's performance. The unmodified auditor's opinion provides some assurance on the reported financials.

The backstory

Nidhi Granites Limited operates in multiple segments. The recent acquisition of Paynov8 Private Limited on April 1, 2025, for ₹0.61 crore, introduced a new Financial Technology segment. This segment contributed ₹17.23 crore in revenue and ₹8.37 crore in segment results to the consolidated financials. Simultaneously, the company divested its paper business through the sale of Fine Papyrus Private Limited for ₹3.25 crore, resulting in a minor loss.

What changes now

The company's focus appears to be shifting towards its FinTech operations, which have become a significant contributor to consolidated revenue and profitability. The paper business has been scaled down. Investors will be watching how the company integrates and grows its FinTech vertical and how it addresses the ongoing losses at the standalone level.

Risks to watch

A key watch point highlighted is that trade balances are subject to confirmation and reconciliation. This indicates potential for future adjustments in the company's financial statements once the reconciliation process is complete. The persistent standalone losses also remain a concern for the core holding company business.

Peer comparison

While specific peer performance data is not provided in the filing, Nidhi Granites' move into FinTech while exiting a traditional paper business is a common strategy seen in the industry to leverage newer, high-growth sectors.

Context metrics (time-bound)

For the year ended March 31, 2026:

• Consolidated Revenue from operations: ₹65.20 crore (up from ₹45.28 crore in FY25)
• Consolidated EPS (Basic): ₹9.60 (up from ₹2.39 in FY25)
• Standalone Revenue from operations: ₹0.17 crore (stable compared to FY25)
• Standalone EPS (Basic): ₹-1.58 (down from ₹1.27 in FY25)

What to track next

Investors should closely monitor the progress of the Paynov8 Private Limited integration and its contribution to future earnings. Further updates on the trade balance reconciliation and any steps taken to improve the standalone entity's profitability will be crucial.