Asian Granito India Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
ASIANTILES · price
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Awaiting price reaction for this filing.
Asian Granito India Limited's board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Consolidated revenue from operations rose to ₹38,824.19 lakhs from ₹36,007.81 lakhs YoY, a growth of about 7.8%. Consolidated net profit stood at ₹724.69 lakhs, a strong turnaround from a loss of ₹164.17 lakhs in the same quarter last year. On a standalone basis, revenue grew to ₹25,963.66 lakhs (from ₹24,174.52 lakhs), with net profit more than doubling to ₹524.60 lakhs (from ₹201.46 lakhs). Standalone EPS improved to ₹0.23 from ₹0.10. The results reflect retrospective adjustments for the NCLT-approved Scheme of Arrangement (demerger/slump sale) with effect from October 16, 2023, due to which prior period figures have been restated. The auditor issued an unqualified review report but drew attention to the ongoing Income Tax search matter (May 2022), with appeals pending and financial impact not yet ascertainable.
Positive for shareholders — the company swung from a loss to a profit on both standalone and consolidated bases, with strong PAT growth supported by better operating performance. The restatement of prior periods due to the NCLT scheme and the lingering Income Tax matter are key items to watch, but management believes there is no material impact at this stage.