Asian Granito India Ltd's Q3FY25 Quarterly Results

Result Summary

• Asian Granito India Ltd reported a 6.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 3.1%.
• Its expenses for the quarter were down by 6.4% QoQ and 6.1% YoY.
• The net profit decreased 119.2% QoQ and decreased 88.9% YoY.
• The earnings per share (EPS) of Asian Granito India Ltd - at - during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Asian Granito India Ltd is a prominent player in the ceramic industry, specializing in the production and distribution of tiles, marbles, and quartz surfaces. The company is known for its innovative designs and high-quality products, catering to both domestic and international markets. Asian Granito India Ltd has a significant presence in the Indian market and has been expanding its reach globally. Recent developments in the company have focused on expanding production capacity and enhancing distribution networks to better serve its customers. The company continues to invest in technology and product development to maintain its competitive edge in the industry.

Revenue

For the third quarter of the fiscal year 2025 (Q3FY25), Asian Granito India Ltd reported a total income of ₹360.83 crores. This represents a quarter-over-quarter (QoQ) decrease of 6.2% from ₹384.72 crores in Q2FY25. On a year-over-year (YoY) basis, the total income decreased by 3.1% compared to ₹372.51 crores in Q3FY24. The reduction in revenue could be attributed to various factors, including market conditions or changes in demand. It's notable that total income has declined both sequentially and annually, indicating a need to analyze underlying causes for these shifts.

Profitability

In terms of profitability, Asian Granito India Ltd recorded a Profit Before Tax (PBT) of -₹2.49 crores in Q3FY25. This marks a significant QoQ improvement of 24.1% from -₹3.28 crores in Q2FY25 and an even more substantial YoY improvement of 82.8% from -₹14.49 crores in Q3FY24. The company faced a negative tax impact of -₹1.62 crores in Q3FY25, which is an improvement from -₹7.99 crores in Q2FY25 and -₹6.40 crores in Q3FY24. The Profit After Tax (PAT) for Q3FY25 stood at -₹0.90 crores, demonstrating a QoQ decline of 119.2% from a profit of ₹4.69 crores in Q2FY25, but a notable YoY improvement of 88.9% compared to -₹8.09 crores in Q3FY24. The earnings per share (EPS) remained at zero in Q3FY25, showing a decrease from 0.50 in Q2FY25 and an improvement from -0.50 in Q3FY24.

Operating Metrics

Asian Granito India Ltd's total expenses for Q3FY25 were reported at ₹363.31 crores, reflecting a 6.4% decrease from ₹387.99 crores in Q2FY25 and a 6.1% decrease from ₹387.00 crores in Q3FY24. This decrease in expenses is consistent with the decline in total income, suggesting a potential adjustment in operational activities. The company's efforts to manage costs are evident in the reduced expense figures, which align with the overall financial performance for the quarter. The improvements in the PBT and PAT figures, despite the overall decline in revenue, highlight effective cost management strategies. The financial data indicates a need for further analysis of operational efficiencies and cost containment measures implemented during the quarter.