Asian Granito India Limited
The Asian Granito India Ltd (The Company or AGL), established in the year 2000, has emerged as one of the leading ceramic companies in India. Over a short span of two decades, it has built a distinctive reputation for itself in India as well in the global markets as a manufacturer of a wide variety of finest quality Ceramic Tiles, Engineered Marble and Quartz.
What Asian files
- Others67
- Important38
- Updates33
- Board Meeting16
- Investor Meet5
- Credit Ratings5
Asian Granito's Q1 results show Consolidated Revenue of ₹530.95 Cr and Net Profit of ₹8.07 Cr. Business structure changed with multiple demerger/amalgamation schemes. Operational challenges from plant closures due to anti-dumping duty and gas shortage have ended, but higher gas prices are affecting current profitability.
Company Board converted a ₹3.38 Cr loan to its WOS, HSM Sharjah, into equity. HSM Sharjah will issue new shares to third parties, diluting the company's stake from 100% to 51%. HSM Sharjah will become a subsidiary. It contributes ₹77.52 Cr turnover and ₹18.03 Cr net worth.
Asian Granito's Board approved Q4/FY26 financial results. Standalone saw Q4 net loss of 14.25 Cr, FY26 profit of 3.23 Cr. Consolidated recorded Q4 net loss of 32.66 Cr, FY26 profit of 18.77 Cr. Board also approved selling stakes in AGL Proteins & Allomex Steel to its WOS.
Board approved the financial results for the quarter and half-year. Consolidated Net Profit for H1 was ₹23.96 Cr. The company will divest 25% stake in AGL Proteins, making it an associate, and boost capital in Harmony Surfaces Thailand for expansion.
Asian Granito India Ltd. confirms reports from Audit Committee and Independent Directors certifying the distribution of proceeds to shareholders for fractional shares, as per a Composite Scheme of Arrangement.