Asian Granito India Share Price

Ceramics company Asian Granito India announced Q4FY26 & FY26 results Consolidated Financial Highlights: Annual Revenue from Operations: The company reported a YoY increase of 8.60% in consolidated revenue, reaching Rs 1,85,806.19 lakh in FY26 compared to Rs 1,71,098.47 lakh in FY25. Annual Net Profit: Consolidated net profit for the year FY26 surged by 89.69% YoY to Rs 1,873.77 lakh from Rs 987.81 lakh in the previous fiscal year. Quarterly Revenue from Operations: Revenue for Q4FY26 stood at Rs 53,849.50 lakh, representing a YoY growth of 4.61% from Rs 51,477.04 lakh in Q4FY25 and a QoQ growth of 16.64% from Rs 46,166.30 lakh in Q3FY26. Quarterly Net Profit/Loss: The company posted a net loss of Rs 3,267.25 lakh in Q4FY26, compared to a net loss of Rs 486.53 lakh in Q4FY25 and a net profit of Rs 1,895.66 lakh in Q3FY26. Total Income: Total consolidated income for FY26 was Rs 1,87,488.31 lakh, up from Rs 1,72,374.85 lakh in FY25. For Q4FY26, it was Rs 54,244.54 lakh compared to Rs 52,334.62 lakh in Q4FY25. Standalone Financial Highlights: Annual Revenue from Operations: Standalone revenue for FY26 stood at Rs 1,09,506.59 lakh, a slight decrease of 2.42% from Rs 1,12,224.72 lakh in FY25. Annual Net Profit: Net profit for the standalone entity decreased by 72.79% YoY to Rs 323.20 lakh in FY26 from Rs 1,187.78 lakh in FY25. Quarterly Revenue from Operations: Revenue for Q4FY26 was Rs 29,458.27 lakh, showing a YoY decline of 13.26% from Rs 33,961.17 lakh but a QoQ increase of 9.75% from Rs 26,842.24 lakh in Q3FY26. Quarterly Net Profit/Loss: The company recorded a net loss of Rs 1,425.50 lakh in Q4FY26, compared to a net profit of Rs 1,004.84 lakh in Q4FY25 and Rs 445.18 lakh in Q3FY26. Total Income: Total standalone income for FY26 was Rs 1,09,763.38 lakh, compared to Rs 1,14,502.70 lakh in FY25. Business Highlights Stake Transfer in Associates: The company approved the transfer of its entire 26% equity stake in AGL Proteins Private Limited and Allomex Steel Private Limited to its wholly-owned subsidiary, AGL Industries Limited. Following this, both entities will become associate companies of AGL Industries Limited. NCLT Sanctioned Schemes of Arrangement: During the year, the National Company Law Tribunal sanctioned a composite scheme of arrangement involving the transfer of "Marble & Quartz undertaking" and "Manufacturing undertaking" through demergers and slump sales. These transactions were accounted for using the pooling of interest method. Impact of External Challenges: The results for Q4FY26 were significantly impacted by anti-dumping duties imposed by the U.S. Government, which led to a temporary two-month closure of the company’s Quartz plant. Additionally, the West Asia conflict caused gas supply shortages, forcing temporary shutdowns of ceramic plants in Morbi. Operations for both resumed in the first quarter of the subsequent fiscal year. Rights Issue Proceeds: The company utilized Rs 41,717.46 lakh out of the total Rights Issue proceeds of Rs 42,217.46 lakh towards funding capital expenditure for new manufacturing units, working capital, and display centers. Segment Performance: The company operates primarily within a single operating segment, namely Tiles & Marbles. As per the financial notes, there are no other reportable segments under Ind AS 108. Search Operation and Appeals: The company disclosed that following a search operation by the Income Tax department in May 2022, various assessment orders have been received. The company has filed appeals against these orders and believes there will be no material impact on its financial position, although the final outcome remains uncertain. Kamlesh Patel, Chairman and Managing Director, said, “We have emerged stronger through this challenging period and remain confident about our growth trajectory going forward. Healthy domestic demand, improved operational efficiencies, and stronger gross margins contributed to our performance during the year. We are encouraged by the positive demand environment and the normalization of production across all manufacturing facilities. While higher gas prices and elevated export freight costs remain industry challenges, strong domestic demand and our expanding market presence position us well for sustained growth. We remain focused on strengthening our brand, distribution network, and product portfolio while pursuing our long-term vision of becoming a Rs. 6,000 crore revenue company over the next three to six years.” Result PDF

• Trendlyne
• 3 weeks 1 day ago

Revenue rises 8.6% to 1,858 crore on strong domestic demand

• Business Line
• 3 weeks 4 days ago

Ceramics company Asian Granito India announced Q3FY26 results Consolidated net sales growth of 15.80% at Rs 423.93 crore as against Rs 366.09 crore in Q3FY25. Net profit during this period grew to Rs 20.07 crore compared with a loss of Rs 4.53 crore in Q3FY25. EBITDA margin expanded 603 bps to 9.62% and EBITDA grew 210.21% to Rs 40.80 crore backed by operational efficiency. Kamlesh Patel, Chairman & Managing Director, AGL, said: “Innovating product mix and robust growth in demand backed by booming real estate market and a strong uptick in infrastructure projects supported by various government initiatives support. The strong performance is a testament of the buoyant demand. We have launched a number of new products across various categories which are expected to give a further fillip to sales moving forward. We expect a good growth in both our topline and bottom-line in the coming quarters.” Result PDF

• Trendlyne
• 4 months 3 weeks ago