Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
161.74
155.51
147.92
140.58
125.28
123.56
120.73
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
161.74
155.51
147.92
140.58
125.28
123.56
120.73
Raw Material Cost
50.13
45.98
45.95
43.58
39.32
38.58
36.90
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
39.58
39.95
39.69
27.98
29.99
28.39
26.32
Selling and Distribution Expenses
22.09
24.42
21.60
19.22
22.54
26.95
23.14
Other Expenses
-0.96
-1.10
-1.35
0.22
-0.65
-0.37
-0.06
Total Expenditure (Excl Depreciation)
102.25
99.38
93.69
92.98
85.38
90.25
85.75
Operating Profit (PBDIT) excl Other Income
59.5
56.1
54.2
47.599999999999994
39.900000000000006
33.3
35
Other Income
31.93
21.64
5.38
17.06
0.90
0.83
16.37
Operating Profit (PBDIT)
127.35
112.66
92.57
96.36
69.75
62.45
78.09
Interest
39.58
39.95
39.69
27.98
29.99
28.39
26.32
Exceptional Items
-0.80
0.00
0.00
0.00
0.00
1.73
0.00
Gross Profit (PBDT)
75.67
74.64
69.00
65.29
57.00
56.68
57.09
Depreciation
35.93
34.89
32.97
31.71
28.95
28.30
26.74
Profit Before Tax
51.04
37.82
19.91
36.40
10.80
6.53
24.03
Tax
0.48
0.45
0.45
0.42
0.39
0.38
0.40
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
49.93
36.89
19.18
35.27
13.91
6.03
23.72
Extraordinary Items
0.00
0.00
0.00
0.00
-1.87
0.00
-1.22
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
49.93
36.89
19.18
35.27
13.91
6.03
23.72
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
0.63
0.48
0.27
0.53
0.17
0.12
0.51
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
50.56
37.37
19.45
35.80
14.09
6.15
24.23
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reserves
458.09
438.15
413.74
418.45
392.78
332.08
345.32
Earnings per share (EPS)
0.95
0.72
0.38
0.71
0.22
0.14
0.57
Diluted Earnings per share
0.95
0.72
0.38
0.71
0.22
0.14
0.57
Operating Profit Margin (Excl OI)
36.78%
36.1%
36.66%
33.86%
31.85%
26.96%
28.97%
Gross Profit Margin
53.77%
46.76%
35.75%
48.45%
31.73%
28.19%
42.05%
PAT Margin
30.87%
23.72%
12.97%
25.09%
11.11%
4.88%
19.64%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 3.99% vs 5.14% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 35.29% vs 92.78% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 4.84% vs 4.36% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is -0.75% vs 0.50% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of Whitestone REIT With
Figures in Million
Consolidate Annual Results
Change(USD)
Change(%)
Net Sales
161.74
295.07
-133.33
-45.19%
Other Operating Income
0.00
0.00
0.00
Total Operating income
161.74
295.07
-133.33
-45.19%
Raw Material Cost
50.13
165.19
-115.06
-69.65%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
0.00
0.00
0.00
Power Cost
0
0
0.00
Manufacturing Expenses
39.58
25.66
13.92
54.25%
Selling and Distribution Expenses
22.09
37.30
-15.21
-40.78%
Other Expenses
-0.96
4.04
-5.00
-123.76%
Total Expenditure (Excl Depreciation)
102.25
268.57
-166.32
-61.93%
Operating Profit (PBDIT) excl Other Income
59.49
26.51
32.98
124.41%
Other Income
31.93
14.64
17.29
118.10%
Operating Profit (PBDIT)
127.35
100.90
26.45
26.21%
Interest
39.58
25.66
13.92
54.25%
Exceptional Items
-0.80
-0.17
-0.63
-370.59%
Gross Profit (PBDT)
75.67
70.13
5.54
7.90%
Depreciation
35.93
59.75
-23.82
-39.87%
Profit Before Tax
51.04
15.31
35.73
233.38%
Tax
0.48
0.00
0.48
Provisions and contingencies
0
0
0.00
Profit After Tax
49.93
14.86
35.07
236.00%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
49.93
14.86
35.07
236.00%
Share in Profit of Associates
0
0
0.00
Minority Interest
0.63
0.26
0.37
142.31%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
50.56
15.12
35.44
234.39%
Equity Capital
0
0
0.00
Face Value
0.00
0.01
0.00
Reserves
458.09
740.75
-282.66
-38.16%
Earnings per share (EPS)
0.95
0.14
0.81
578.57%
Diluted Earnings per share
0.95
0.14
0.81
578.57%
Operating Profit Margin (Excl OI)
36.78%
8.98%
0.00
27.80%
Gross Profit Margin
53.77%
25.44%
0.00
28.33%
PAT Margin
30.87%
5.03%
0.00
25.84%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 16.17 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 3.99% vs 5.14% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 5.06 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 35.29% vs 92.78% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 9.54 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 4.84% vs 4.36% in Dec 2024
Annual - Interest
Interest 3.96 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -0.75% vs 0.50% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 36.78%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






