Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Amazon Great Indian Festival 2020 - Electronics
Stock Report

| More

Asian Granito India Limited reports Strong Performance in H1 FY18

Posted On: 2017-11-23 01:01:07

- Revenues at Rs. 500 Crores, growth of 4%
- EBITDA grew by 14% - Rs. 67 Crores
- Profit After Tax grew at 41% - Rs. 25 Crores

Asian Granito India Limited, one of the leading manufacturers of Tiles, Marble & Quartz has declared its Unaudited Financial Results for the quarter and half year ended September 30, 2017.

Highlights of H1 FY18

- Net Revenue is at Rs. 500 Crores as compared to Rs. 483 Crores in the corresponding period of the previous year.

- EBITDA up 14% to Rs. 67 Crores as compared to Rs. 58 Crores in the corresponding period of the previous year.

- EBITDA Margins are at 13.3%, an increase of 120 bps from H1 FY17

- Profit after Tax up 41% to Rs. 25 Crores as compared to Rs. 18 Crores in the corresponding period of the previous year

- PAT Margins are at 5.1%, an increase of 140 bps from H1 FY17

Commenting on the results and performance, Mr. Kamlesh Patel, Chairman and Managing Director said: "I am glad to announce that our Company reported Topline of Rs. 500 Crores with EBITDA and PAT of Rs. 66 Crores and Rs. 25 Crores respectively in the first half of the year.

EBITDA & PAT Margins have improved by 120 basis points to 13.5% and by 140 basis points to 5.1% respectively. This is mainly due to continuous innovation by adding new value add products to out portfolio and improved efficiency of our operations.

From 1 st November, 2017 we have begun our New Brand Campaign - Chala De Jaadoo on all platforms i.e. Electronic Media, Digital Media and Outdoor Marketing PAN India.

The Government has reduced GST on Tiles and Marble from 28% to 18%. This is extremely positive for the ceramic industry as a whole. This will not only augment sector growth but will also encourage unorganised players to pay taxes which were facing problems post demonetisation and slowdown in real estate. The reform will offer level playing field for all players in the industry, reduce logistic cost, and offer scope for inorganic growth as the industry is likely to gain through consolidation post GST.

We shall further strive to improve the efficiency of our operations and continue to focus on expanding our product portfolio and increase our retail portfolio which shall help us to enhance our performance going ahead."

Shares of ASIAN GRANITO INDIA LTD. was last trading in BSE at Rs.492.5 as compared to the previous close of Rs. 494.45. The total number of shares traded during the day was 12546 in over 306 trades.

The stock hit an intraday high of Rs. 498.1 and intraday low of 487. The net turnover during the day was Rs. 6193712.

Source: Equity Bulls

Click here to send ur comments or to

Amazon Great Indian Festival 2020 - Mobiles

Other Headlines:

GIGAnet from Vi is the most consistent and fastest 4G network in India: Ookla®

Fineotex Chemical Ltd Q2 consolidated PAT climbs to Rs. 10.48 crore

Sun Pharma announces 5-Year Sustained Efficacy and Safety Results for ILUMYA® (tildrakizumab-asmn) in Patients with Moderate-to-Severe Plaque Psoriasis

Rushil Decor Limited calls for call money payment towards partly paid equity shares

NXTDIGITAL LIMITED divests 80,78,155 shares of Hinduja Leyland Finance Ltd

Virinchi Limited to launch Mobile App based Pharmacy

Trishan Metals Private Limited becomes 100% subsidiary of IFB Industries Ltd

S&P reaffirms AXIS Bank's issuer credit rating

Aditya Vision Ltd opens 55th showroom at Jhanjharpur, Madhubani

Rushil Decor Limited's new Andhra unit commercial operation pushed to April 1, 2021

IDFC First Bank Ltd posts consolidated PAT of Rs. 109.02 crore in Q2FY2021

Likhitha Infrastructure Ltd Q2 net profit jumps to Rs. 5.36 crore

Tanla Platforms Ltd Q2 consolidated PAT up at Rs. 81.47 crore

Colinz Laboratories Ltd Q2FY21 PAT at Rs. 0.0644 crore

Unick Fix-A-Form And Printers Ltd posts PAT of Rs. 0.69 crore in Q2

DCB Bank Ltd reports Rs. 82.29 crore net profit in Q2FY21

ICICI Bank Ltd Q2FY21 consolidated PAT jumps to Rs. 4882.33 crore

Sheela Foam Ltd Q2 consolidated PAT soars to Rs. 69.84 crore

Yash Pakka Ltd Q2FY21 net profit higher at Rs. 3.17 crore

Rushil Decor Ltd Q2FY21 PAT surges QoQ to Rs. 6.81 crore

Relaxo Footwears Q2FY21 PAT climbs to Rs. 75.10 crore

Punit Commercials Ltd posts PAT of Rs. 0.23 crore in Q2

Nitin Spinners Ltd Q2FY21 PAT up at Rs. 11.92 crore

Unichem Laboratories Ltd Q2FY21 consolidated net profit rises to Rs. 8.73 crore

Paisalo Digital Ltd reports jump in Q2FY21 consolidated PAT to Rs. 21.94 crore

ZEN Technologies Ltd Q2 consolidated PAT at Rs. 0.78 crore

Divyashakti Granites Ltd posts Rs. 1.54 crore PAT in Q2FY21

PNB Gilts Ltd board to consider Q2 results, interim dividend on Nov 10, 2020

The Anup Engineering Ltd Q2FY21 net profit at Rs. 11.66 crore

JSW Holdings Ltd Q2FY21 consolidated PAT at Rs. 39.48 crore

SKP Securities Ltd Q2FY21 net profit at Rs. 0.60 crore

Hester BioSciences Ltd Q2FY21 consolidated net profit up at Rs. 6.68 crore

Deepak Nitrite Limited reports earnings for Q2FY21, H1FY21

Zuari Agro Chemicals Ltd board to consider Q2FY21 results on Nov 9, 2020

Chalet Hotels Ltd board to announce Q2FY21 results on Nov 10, 2020

Aarti Drugs Ltd to expand Metformin Capacity to 3000 TPM

Nectar Lifesciences Ltd posts consolidated loss of Rs. 7.31 crore in Q2FY21

Wheels India Ltd Q2FY21 consolidated PAT at Rs. 6.84 crore

Quess Corp Ltd reports Q2FY21 consolidated PAT of Rs. 45.68 crore

Ador Multiproducts Ltd Q2 consolidated PAT zooms to Rs. 3.31 crore

Edelweiss Financial Services Ltd Q2FY21 consolidated loss at Rs. 48.50 crore

Wheels India Ltd commissions new plant at Thervoykandigai

Grasim Industries Limited and Lubrizol Partner for India's largest CPVC Resin Plant

WEP Solutions Ltd board to consider Q2FY21 results, rights issue on Nov 6, 2020

Motilal Oswal Financial Services Ltd posts consolidated net profit of Rs. 296.46 crore in Q2

Deepak Nitrite Ltd Q2FY21 consolidated net profit rises to Rs. 170.19 crore

Voith Paper Fabrics India Ltd reports net profit of Rs. 7.94 crore in Q2

RIL Q2FY21 consolidated net profit declines to Rs. 9567 crore

Emkay Global Financial Services Ltd posts Rs. 3.67 crore consolidated PAT in Q2FY21

Aarti Surfactants Ltd board to consider raising capital, Q2 results on Nov 5, 2020

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019