5449422026-04-012026-06-305449422026-04-012026-06-30in-capmkt:OtherExpenses1Member5449422026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15449422026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss2iso4217:INRiso4217:INRxbrli:shares544942VARMORANOTLISTEDINE0M5301040VARMORA GRANITO LIMITEDMain BoardEquity2026-04-012027-03-312026-10-19INRMillionsQuarterlyFirst quarterSingle segmentNot Applicable2026-10-1916:00:002026-10-1920:00:00Not applicable2026-04-012026-06-30UnauditedConsolidated3152750000450500003197800000775210000466100000-641400002426000007129000011498000014480400003054080000143720000014372000059900003811000044100000099620000000-25900009703000056000097590000126360000-29330000126920000-2933000040325000020.630.63000.630.631 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. <br /> 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). <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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.Other expenses1448040000Items that will not be reclassified to profit or loss750000Share of OCI in associates and joint ventures0750000190000560000