PNN

Ahmedabad (Gujarat) [India], August 12: Asian Granito India Limited ('AGL' or 'the Company'), one of India's leading manufacturers of tiles, marble, quartz and bathware products, today announced its unaudited financial results for the first quarter of financial year 2026-27 ('Q1 FY27'), for the quarter ended 30 June 2026.

Key Highlights - Q1 FY27

Consolidated

* Revenue from Operations: Rs 530.95 Crore, up 28.5% year-on-year

* EBITDA: Rs 32.88 Crore, up 2.8% year-on-year; EBITDA margin of 6.19%

* Profit After Tax: Rs 8.08 Crore, against a loss of Rs 32.66 Crore in the preceding quarter (Q4 FY26)

Standalone* Revenue from Operations: Rs 277.77 Crore, up 7.0% year-on-year

* EBITDA: Rs 9.04 Crore, up 14.3% year-on-year; EBITDA margin improved to 3.26% from 3.05%

* Profit After Tax: Rs 2.24 Crore

Consolidated Financial Performance

On a consolidated basis, revenue from operations for Q1 FY27 grew 28.5% year-on-year to Rs 530.95 Crore, compared to Rs 413.15 Crore in the corresponding quarter of the previous year (Q1 FY26), and was broadly stable sequentially against Rs 538.50 Crore in Q4 FY26. Operating EBITDA for the quarter stood at Rs 32.88 Crore, up 2.8% year-on-year, with an EBITDA margin of 6.19% compared to 7.74% in Q1 FY26, reflecting a higher share of traded-goods revenue in the sales mix during the quarter.

Profit After Tax stood at Rs 8.08 Crore for the quarter, compared to Rs 11.29 Crore in Q1 FY26, and represents a sharp turnaround from the loss of Rs 32.66 Crore reported in Q4 FY26.

The Company's subsidiaries continued to scale during the quarter, with subsidiary revenue growing 64.9% year-on-year to Rs 253.18 Crore and now contributing 47.7% of consolidated revenue, up from 37.2% a year ago. Increase in fuel price has impacted the consolidated results.

Standalone Financial Performance

On a standalone basis, revenue from operations for Q1 FY27 stood at Rs 277.77 Crore, up 7.0% year-on-year from Rs

259.64 Crore in Q1 FY26. Operating EBITDA grew 14.3% year-on-year to Rs 9.04 Crore, with EBITDA margin improving to 3.26% from 3.05% in the corresponding quarter last year. Profit After Tax stood at Rs 2.24 Crore for the quarter, compared to Rs 5.25 Crore in Q1 FY26, primarily on account of lower other income and increase in gas prices during the quarter; operating performance at the standalone level improved on both an absolute and a margin basis.

Management Commentary

Commenting on the results, Mr. Kamlesh B Patel, Chairman, Asian Granito India Limited, said:

'Q1 FY27 reflects the strength of our ongoing manufacturing capacity expansion and our continued focus on premiumisation. Price realisations improved in comparison to Y-o-Y basis. Our subsidiaries continued to scale while holding profitability broadly steady, and we remain focused on rebuilding our export order book and driving further operating efficiencies across the group in the quarters ahead.'

Financial Summary

Consolidated

Standalone

About Asian Granito India Limited

Asian Granito India Limited (AGL) is one of India's leading integrated manufacturers of tiles, marble, quartz and bathware products, offering an extensive portfolio spanning ceramic and vitrified tiles, GVT, double-charge and polished vitrified tiles, marble and quartz surfaces, and bathware, under the AGL Tiles brand. Headquartered in Ahmedabad, Gujarat, the Company markets its products through an extensive pan-India dealer and distributor network alongside a growing international presence. CIN: L17110GJ1995PLC027025. Registered Office: 202, Dev Arc, S G Highway, Ahmedabad - 380 015, Gujarat, India.

Forward-Looking Statements

This press release may contain certain forward-looking statements concerning the Company's future business prospects and business profitability, which are subject to a number of risks and uncertainties, and the actual results could materially differ from those in such forward-looking statements. The Company does not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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