SYNOPSIS: Q3 FY26 saw sequential revenue and profit recovery despite sharp YoY declines, with quartz surfaces dominating sales; export-heavy exposure and India-US trade optimism supported sentiment amid earnings volatility.
During Thursday’s trading session, shares of India’s largest exporter of premium quartz surfaces surged nearly 10 percent on the BSE, after reporting mixed Q3 FY26 results with a rise in net profit of around 233 percent QoQ but a decline of around 61 percent YoY.
With a market cap of Rs. 3,217 crores, shares of Pokarna Limited were trading in the green at Rs. 1,037.7 on BSE, up by more than 8 perent, compared to its previous closing price of Rs. 956.15. The stock has delivered negative returns of over 27 percent in the last one year, but has gained by nearly 42 percent in the last five trading sessions.
Financial Performance & Revenue Mix Q3 FY26
Pokarna Limited announced the financial results for the third quarter of FY26 on Wednesday after market hours, as per the latest regulatory filings with the stock exchanges.
For Q3 FY26, Pokarna posted a consolidated revenue from operations of Rs. 135 crores, reflecting a sequential growth of more than 14 percent QoQ compared to Rs. 118 crores in Q2 FY26. On a year-on-year basis, revenue declined by nearly 40 percent from Rs. 224 crores recorded in Q3 FY25.
Net profit for the quarter stood at Rs. 20 crore, indicating an impressive increase of around 233 percent QoQ from Rs. 6 crores in Q2 FY26, but a decline on a year-on-year basis by about 61 percent from Rs. 51 crores reported in Q3 FY25.
For the quarter ended December 2025, the company reported total segment revenue of Rs. 135 crore, down sharply from Rs. 223.63 crore in the same quarter last year. Quartz Surfaces remained the dominant contributor, generating Rs. 128 crore, accounting for nearly 94.8 percent of total revenue, while Granites contributed Rs. 7 crore, or about 5.2 percent.
On a year-on-year basis, Quartz Surfaces revenue declined around 41 percent, significantly from Rs. 217 crore, while Granites revenue saw a marginal increase of more than 4 percent from Rs. 6.67 crore.
Additional Information
Pokarna Limited is principally engaged in the business of quarrying, manufacturing & processing and selling of Granite, along with the manufacturing, processing and selling of engineered quartz surfaces. Granite manufacturing and processing units are 100 percent EOU’s (Export Oriented Units).
The recent rally in Pokarna Limited is likely linked to optimism around the India-US trade deal. The company derives over 96 percent of its revenue from exports, with the US contributing more than 80 percent of total FY25 revenue, highlighting both strong leverage and dependence on the American market.
An India-US trade deal can significantly benefit Pokarna Limited by improving export competitiveness through lower trade barriers, boosting demand from the US market, enhancing order visibility, supporting margins, and reducing geopolitical and trade-related uncertainties, which together can positively influence earnings stability and investor confidence.
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