Asian Granito India's Q2 FY 2026-27 Quarterly Results

Result Summary

• Asian Granito India Ltd reported a 0.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 29.4%.
• Its expenses for the quarter were up by 0.4% QoQ and 34.4% YoY.
• The net profit decreased 35.4% QoQ and decreased 68.8% YoY.
• The earnings per share (EPS) of Asian Granito India Ltd stood at 0.2 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

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 ceramics industry, known for its diverse range of products, including tiles, marble, and quartz. The company is one of the largest manufacturers in India, leveraging advanced technology to produce high-quality products that cater to both domestic and international markets. In recent years, Asian Granito India Ltd has focused on expanding its market presence through strategic partnerships and enhancing its production capacity. The company's commitment to innovation and quality has positioned it as a leader in the ceramics space, with a strong emphasis on sustainable practices and design excellence.

Revenue

In the second quarter of FY27, Asian Granito India Ltd reported a total income of ₹531.01 crores, slightly down from ₹532.40 crores in the first quarter of FY27, marking a quarter-over-quarter (QoQ) decrease of 0.3%. However, when compared to the second quarter of the previous fiscal year (Q2FY26), the total income increased significantly by 29.4%, rising from ₹410.27 crores. This year-over-year (YoY) growth reflects a robust performance in revenue generation, amid a competitive market environment. The marginal QoQ dip suggests a stable revenue stream, while the YoY growth highlights the company's expanding market share or increased sales volume.

Profitability

In Q2FY27, the Profit Before Tax (PBT) for Asian Granito India Ltd was ₹6.20 crores, which represents a decrease of 36.8% compared to the previous quarter (Q1FY27), where the PBT was ₹9.81 crores. Compared to the same quarter last year (Q2FY26), the PBT saw a significant reduction of 68.5% from ₹19.67 crores. The tax expenses for the quarter amounted to ₹0.98 crores, down from ₹1.74 crores in Q1FY27, and also lower than ₹2.95 crores in Q2FY26, reflecting a decrease of 43.7% QoQ and 66.8% YoY. Consequently, the Profit After Tax (PAT) stood at ₹5.21 crores, reflecting a reduction of 35.4% from the previous quarter's ₹8.07 crores and a decline of 68.8% from ₹16.71 crores in Q2FY26. The Earnings Per Share (EPS) also saw a decline, recorded at ₹0.20 in Q2FY27, down from ₹0.27 in Q1FY27, and ₹0.70 in Q2FY26, indicating a decline of 25.9% QoQ and 71.4% YoY.

Operating Metrics

The total expenses for Q2FY27 were reported at ₹524.82 crores, showing a slight increase of 0.4% from ₹522.58 crores in Q1FY27. Year-over-year, the total expenses rose by 34.4% from ₹390.59 crores in Q2FY26. This increase in expenses on a YoY basis is significant and may reflect changes in cost structures or increased operational activities. The balance between income and expenses is reflected in the operating profit metrics, which show a downward trend in profitability. Despite the increase in total income YoY, the rising expenses have impacted the company's operating margins. The decline in profit metrics, despite increased revenues, points to a need for a closer examination of cost management strategies.