Solid Stone Company FY25 income rises 15%: Key 2025 details

Annual report highlights for FY25

Solid Stone Company Ltd presented its Thirty Fifth Annual Report for the year ended March 31, 2025. The company reported higher gross income from operations and an improvement in net margin during the year under review. The disclosures also covered its internal financial control framework and an upcoming proposal to change statutory auditors. Alongside the annual report points, the company’s BSE disclosures show a steady calendar of board meetings for periodic financial results through FY26.

The update matters for shareholders because it ties together audited FY25 performance, governance disclosures, and the company’s compliance rhythm under SEBI (LODR) requirements. It also provides a clear view of the company’s operating scale in FY25 and how quarterly performance in FY26 started.

FY25 financial performance in numbers

For FY25, Solid Stone reported gross income from operations of ₹27.80 crore, compared with ₹24.10 crore in FY24. Profit before tax (PBT) was ₹1.26 crore versus ₹1.12 crore a year earlier. Profit after tax (PAT) was ₹0.87 crore in FY25, compared with ₹0.85 crore in FY24.

The annual report also included profit before depreciation and tax of ₹2.18 crore for FY25 against ₹2.01 crore in FY24. In operational commentary, the company linked the year-on-year increase in gross income with improved net margin, without detailing specific drivers in the provided text.

These figures indicate FY25 was a year of incremental improvement rather than a step change, with both revenue and profits moving up year-on-year. The profit progression also suggests the company maintained profitability while scaling operations.

Operations commentary: higher income and improved margin

In its operations section, the company said it achieved higher gross income and improved net margin during FY25. The report explicitly restated the yearly gross income from operations in lakh terms and compared it with the previous year, reinforcing the year-on-year rise.

The company also disclosed the PBT and PAT for FY25 alongside FY24 comparatives. However, the text provided does not include segment details, volume metrics, or cost breakdowns, so the performance narrative remains limited to top-line improvement and the profit outcomes.

Internal controls and audit oversight

The annual report stated that, based on the framework of internal financial controls and compliance systems established and maintained by the company, the Board believed the controls were adequate and effective during FY2024-25. The statement referenced work performed by internal, statutory, and secretarial auditors, as well as management reviews and board committee oversight, including the Audit Committee.

This disclosure is relevant for governance tracking because it signals the board’s view on financial reporting controls for the year in which the company reported higher operating income. It also sets the context for the proposed change in statutory auditors for the next term.

Proposed statutory auditor change: ASHAR & CO. LLP

The company disclosed that the Board of Directors, after recommendation by the Audit Committee at meetings held on May 08, 2025, recommended the appointment of M/s ASHAR & CO. LLP, Chartered Accountants (Firm Reg No.: 129159W/W100995), as statutory auditors. The proposed term is five years, from the conclusion of the 35th AGM until the conclusion of the 40th AGM.

The proposal is stated to be in place of M/s Merchant & Co., Chartered Accountants. The provided text does not include the outgoing auditor’s full firm registration details, but it clearly indicates a planned transition subject to shareholder approval at the forthcoming AGM.

FY26 reporting cycle: board meetings and result approvals

BSE disclosures listed several board meeting dates tied to periodic financial results. The board meeting scheduled on February 10, 2026 was stated to consider and approve unaudited financial results for the quarter and nine months ended December 31, 2025. Another meeting, on November 14, 2025, was scheduled to approve unaudited financial results for the quarter and half-year ended September 30, 2025, prepared as per Ind AS, with a trading window closure noted through November 16, 2025.

For Q1 FY26, the board met on August 13, 2025 to review and approve unaudited financial results for the quarter ended June 30, 2025. The company also reported that audited standalone and consolidated financial results for the quarter and year ended March 31, 2025 were approved by the Board at its May 08, 2025 meeting.

Q1 FY26 performance snapshot

Separately, Solid Stone Company reported Q1 FY2026 results showing revenue up 33.7% to ₹5.67 crore. Net profit rose 15.5% to ₹0.05 crore, and EPS stood at ₹0.09.

On a consolidated basis, including associate Global Instile Solid Industries Limited, net profit for Q1 FY26 was ₹0.04 crore compared with ₹0.04 crore in the same period last year (₹0.04 crore versus ₹0.04 crore, based on ₹4.38 lakh and ₹4.01 lakh figures stated). The company noted that statutory auditors carried out a limited review and issued an unmodified review report.

Stock move referenced in the provided data

The provided market snapshot showed Solid Stone Company Ltd at ₹23.89, down 9.51%, on March 30, 2026 at 05:30:00 AM. The text does not attribute the move to a specific event or announcement, so it should be read only as a point-in-time price reference.

Key facts table

Timeline of disclosed board events

Why the update matters

Taken together, the FY25 annual report disclosures and the FY26 board-meeting calendar point to a company focused on regular compliance-driven disclosures, with audited FY25 numbers showing steady growth in operating income and modest profit expansion. The proposed appointment of ASHAR & CO. LLP, subject to shareholder approval, is a governance event to track because it changes the statutory auditor for a five-year term starting after the 35th AGM.

The next concrete checkpoints, based on the provided information, are the shareholder vote at the forthcoming AGM on the auditor appointment and the scheduled board approvals of periodic financial results already communicated to the exchange.