ASIANTILESNSEAsian Granito India Limited· Ceramics And SanitarywareHighNeutral
Announced Sat, 30 May · 16:40 IST

Asian Granito India Limited has informed the Exchange regarding Outcome of Board Meeting held on May 30, 2026.

Revenue DeclinePat NegativeEmphasis Of MatterRelated Party TransactionsResults RestatedResults View source PDF

ASIANTILES · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹61.80
prior close
₹60.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7-0.6+1.3+3.1-0.5-2.1-2.6-2.6-5.8-6.3-9.8-14.1
Up moveDown movePending
AI summary

Asian Granito India Limited reported audited standalone FY2026 results with revenue from operations at ₹1,09,506.59 Lakhs (vs ₹1,12,224.72 Lakhs in FY2025, a ~2.4% decline). Net profit after tax fell sharply to ₹323.20 Lakhs (vs ₹1,187.78 Lakhs), down ~73% YoY, translating to EPS of ₹0.11 vs ₹0.42 in the prior year. The Q4 standalone result showed a loss before tax of ₹2,087.29 Lakhs. The sharp PAT decline was partly due to a one-time catch-up adjustment: the company reversed ₹1,339.29 Lakhs of intra-group interest income (nil impact on consolidated results). Additionally, the Quartz plant was temporarily shut for two months due to US anti-dumping duties, and West Asia conflict caused gas shortages forcing temporary closure of ceramic plants. The Board also approved the transfer of the company's 26% stakes in associate companies AGL Proteins Private Limited and Allomex Steel Private Limited to AGL Industries Limited (a wholly-owned subsidiary) for ₹6.63 Lakhs and ₹0.26 Lakhs respectively — classified as a related party transaction at arm's length with a registered valuer's report. Both FY2025 figures are restated to reflect two NCLT-approved Schemes of Arrangement effective from October 16, 2023. Statutory auditors R R S & Associates issued an unmodified opinion.

Likely market impact

The standalone profit collapse and revenue decline are concerning, though the consolidated impact of the one-time interest reversal is nil. The I-T department search matter remains unresolved with uncertain financial impact. The related party stake transfers are minor in value but represent internal restructuring within the group.