Asian Granito India Limited

Asian Granito India Q1 result: PAT Rs 30 lakh, net sales up 3% at Rs 343 cr

The earnings before interest tax depreciation and amortisation (Ebitda) for the quarter under review stood at Rs 16.1 cr against Rs 9.6 cr in the year-ago period, the company said

Asian Granito India Q1 results: Sales up 3% to Rs 343 cr, PAT at Rs 30 lakh

Leading luxury surfaces and bathware products manufacturer Asian Granito India turned profitable in the first quarter of 2024-25, reporting a consolidated profit of Rs 30 lakh against a loss of Rs 3.6 crore in the year-ago period. The recovery was led by a 3 per cent increase in its consolidated net sales to Rs 343.2 crore in the April-June quarter of the current fiscal compared to net sales of Rs 334.8 crore in the first quarter of FY24, the company said in a statement. The earnings before interest tax depreciation and amortisation (EBITDA) for the quarter under review stood at Rs 16.1 crore against Rs 9.6 crore in the year-ago period, the company said. Strategic initiatives such as the Morbi expansion, the AGL demerger, focus on retail presence, showroom expansion, among others, demonstrate the company's strong commitment to growth," Asian Granito India Chairman and MD Kamlesh Patel said. The company said it is investing around Rs 73 crore to set up a mega display centre-cum- ..

Stocks to Watch, May 24: Bayer Crop, Landmark Cars, Shilpa Medicare

Across Asia, markets mirrored the losses seen in Wall Street, with Japan's Nikkei leading the decline with a drop of 1.22 per cent, followed by Korea's Kospi down nearly 1 per cent

Asian Games October 5 schedule: India vs China in hockey SF, medal events

India's historic run at the Asian Games 2023 will continue on October 5 when the women's hockey team will face China in the semi-final, women's and men's archers and wrestlers will also be in action

I-T recovers Rs 10 crore cash, seals 12 lockers of Asian Granito Ltd

In a mega search operation on Asian Granito India Ltd, the Income Tax Department has recovered Rs 10 crore cash and has sealed 12 bank lockers. The search is likely to continue for the next few days.

Asian Granito files draft letter of offer for Rs 500 crore rights issue

Plans to raise funds to fuel capacity expansion, foray into sanitary ware, surface flooring

Asian Granito eyes Rs 2,000 cr revenue by 2020, bets on marble, quartz biz

Firm is currently the fourth largest ceramic company in India, wants to be in top-3 within 2-3 years

Asian Granito India gains on FII buying

On March 6, GMO Emerging Domestic Opportunities Fund purchased 457,499 shares at Rs 274.99 per share

Asian Granito aims to increase capacity utilization to 80%

The company has spent around Rs 170 crore to acquire Crystal Ceramics Industries Private Limited