Lexus Granito (India) LimitedQ1 FY27 Results & Financial Update
Lexus Granito (India) Limited: Q1 FY27 standalone results and company financials – revenue ₹3.56 Cr, PAT ₹-2.67 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Lexus Granito (India) Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Lexus Granito (India) Limited reported revenue from operations of INR 3.56 crore for the quarter ended June 30, 2026, accompanied by other income of INR 3.29 crore, bringing total income to INR 6.85 crore.
The company registered a loss before tax of INR 2.64 crore and a net loss after tax of INR 2.67 crore for the quarter, reflecting compressed top-line realization and fixed cost pressures.
Basic earnings per share stood at negative INR 1.29 and diluted earnings per share at negative INR 0.89 for the quarter under review.
Operations during the quarter were entirely driven by the domestic Indian market, with zero reportable revenue generated from overseas or geographical export markets.
Total expenses for the period stood at INR 9.50 crore, led by other expenses of INR 5.42 crore, cost of materials consumed of INR 1.08 crore, finance costs of INR 1.03 crore, and depreciation of INR 1.33 crore.
The board of directors approved the unaudited standalone financial results during their meeting on August 14, 2026, alongside statutory disclosures regarding the utilization of preferential issue warrant proceeds.
Lexus Granito (India) Limited reported revenue from operations of INR 3.56 crore for the quarter ended June 30, 2026, alongside other income of INR 3.29 crore, bringing total income to INR 6.85 crore. The company posted a net loss after tax of INR 2.67 crore and a loss before tax of INR 2.64 crore for the period.
The bottom-line performance reflects a sharp contraction in operating scale compared to the preceding quarter ended March 31, 2026, where revenue from operations stood at INR 11.54 crore and total income reached INR 1.49 crore including higher other income. In the same quarter of the previous year (Q1 FY26), operating revenue was higher at INR 18.04 crore.
01 · Business model
What does Lexus Granito (India) do?
Lexus Granito (India) Limited is engaged in the manufacturing and sale of vitrified tiles and wall tiles, operating primarily from its registered manufacturing base in Morbi, Gujarat.
The company caters to domestic and international markets, offering a comprehensive portfolio of surface solutions and ceramic products tailored for residential and commercial flooring and wall applications.
Its economic model revolves around bulk tile production, inventory management across finished goods and work-in-progress, and domestic channel distribution through regional dealers and institutional buyers.
02 · Historical context
What shaped the business before this quarter
The company raised funds through a preferential issue of convertible warrants approved by the Board on 27th February 2026, receiving a total consideration of INR 12.77 crore up to June 30, 2026.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹3.56 Cr |
| Total income | ₹6.85 Cr |
| Profit before tax | ₹-2.64 Cr |
| Profit after tax | ₹-2.67 Cr |
| EPS | ₹-0.89 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Total income of INR 6.85 crore was significantly augmented by INR 3.29 crore of other income, which nearly matched the core revenue from operations of INR 3.56 crore.
All revenue for the quarter was generated from domestic operations in India, totaling INR 3.56 crore, with zero reportable export revenue during the period.
Other income provided a substantial support of INR 3.29 crore, nearly matching the scale of operating revenue for the quarter.
What drove margins
Cost of materials consumed stood at INR 1.08 crore, while changes in inventories of finished goods, work-in-progress, and stock-in-trade amounted to INR 0.42 crore.
Other expenses formed the largest cost component at INR 5.42 crore, alongside finance costs of INR 1.03 crore and depreciation and amortization expenses of INR 1.33 crore.
Total expenses of INR 9.50 crore far outpaced operating revenue of INR 3.56 crore, driven by other expenses of INR 5.42 crore and finance costs of INR 1.03 crore.
Depreciation and amortisation stood at INR 1.33 crore, while employee benefit expenses were reported at INR 0.22 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The India segment generated INR 3.56 crore in revenue with a segment result of negative INR 1.62 crore before finance costs, exceptional items, and tax.
Geography and market mix
One hundred percent of the company's operational revenue during Q1 FY27 originated within domestic Indian markets.
Geographic reach was confined to the Indian market, with no overseas revenue registered for Q1 FY27.
06 · Reported developments
What changed operationally
The company continued deploying preferential issue proceeds toward reducing unsecured loan obligations, utilizing INR 10.74 crore against the modified allocation.
The company successfully directed preferential issue proceeds to repay INR 10.74 crore of unsecured loans, reducing debt pressure.
07 · Pressure points & risks
What is not going smoothly
Lexus Granito posted a net loss after tax of INR 2.67 crore for the quarter, driven by subdued operational revenue and elevated overheads.
International sales remained dormant during the quarter, with all revenue restricted to the domestic market.
Operating revenue dropped to INR 3.56 crore, resulting in a net loss of INR 2.67 crore as expenses heavily exceeded operational inflows.
08 · Items worth noticing
The line items that can distort a quick read
Recorded a deferred tax expense of INR 0.0301 crore for the quarter.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Out of the funds raised via preferential issues, INR 2.00 crore was utilized toward meeting working capital requirements as of June 30, 2026.
Out of funds raised from the preferential warrant issue, INR 10.74 crore was utilised for the repayment of unsecured loans and INR 2.005 crore for working capital requirements as of June 30, 2026.
Capital allocation & funding
The company utilized INR 10.74 crore toward the repayment of unsecured loans out of total preferential issue proceeds raised for this object.
As of June 30, 2026, the company received total consideration amounting to INR 12.77 crore in respect of its preferential issue of convertible warrants.
The company utilised INR 10.74 crore from preferential issue proceeds toward the repayment of unsecured loans out of an allocated INR 29.76 crore.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Investor Grievance Redressal
The company reported zero investor complaints pending at the beginning of the quarter, zero received, zero disposed of, and zero pending at the end of June 30, 2026.
Reported update
Preferential Issue Status
The company filed its statement of deviation or variation for proceeds of the preferential issue of convertible warrants for the quarter ended June 30, 2026, reporting no deviation in the use of funds.
11 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations decreased from INR 11.54 crore in Q4 FY26 to INR 3.56 crore in Q1 FY27.
12 · Key Q&A
The quarter, answered directly
What does Lexus Granito (India) do?
Lexus Granito (India) Limited is engaged in the manufacturing and sale of vitrified tiles and wall tiles, operating primarily from its registered manufacturing base in Morbi, Gujarat.
What is the clearest takeaway from Q1 FY27?
Lexus Granito (India) Limited reported revenue from operations of INR 3.56 crore for the quarter ended June 30, 2026, accompanied by other income of INR 3.29 crore, bringing total income to INR 6.85 crore.
What drove revenue or demand?
Total income of INR 6.85 crore was significantly augmented by INR 3.29 crore of other income, which nearly matched the core revenue from operations of INR 3.56 crore.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 1.08 crore, while changes in inventories of finished goods, work-in-progress, and stock-in-trade amounted to INR 0.42 crore.
What changed operationally beyond the headline numbers?
The company reported zero investor complaints pending at the beginning of the quarter, zero received, zero disposed of, and zero pending at the end of June 30, 2026.
What are the main pressure points disclosed for the quarter?
Lexus Granito posted a net loss after tax of INR 2.67 crore for the quarter, driven by subdued operational revenue and elevated overheads.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Top-Line Recovery: Monitor subsequent quarterly disclosures for any revival in operational revenue and overseas export contributions.
- 02
Debt Repayment Milestones: Track further deployment of preferential issue proceeds toward unsecured loan repayments and working capital enhancements.
- 03
Domestic Demand Recovery: Track the normalisation of quarterly operating revenue from domestic tile sales and the recovery of operating margins.
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