Maadhav Granite and Realty reported net loss of Rs 2.19 crore in the quarter ended March 2007 as against net profit of Rs 5.29 crore during the previous quarter ended March 2006. Sales declined 24.27% to Rs 15.29 crore in the quarter ended March 2007 as against Rs 20.19 crore during the previous quarter ended March 2006.