Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

ASI Industries Ltd announces Q2 FY19 results

Posted On: 2018-11-06 08:17:55

ASI Industries Limited (Formerly known as Associated Stone Industries (Kotah) Ltd.), amongst India's leading stone mining and quarrying companies announced today its financial results for the second quarter (Q2 FY19) and six months (H1FY19) ended September 30th, 2018.

Consolidated Q2 FY19 - Highlights

- Total Revenue was 3573.0 mn for Q2 FY19 as compared to 3704.5 mn in Q2 FY18, a decrease of 18.7%

- EBITDA stood at 318.6 mn for Q2 FY19 as compared to 359.5 mn during Q2 FY18, a decrease of 68.8%

- EBITDA Margin at 3.2% for Q2 FY19 as against 8.4% in Q2 FY18

- Net loss stood at 329.6 mn for Q2 FY19 as compared to profit 30.1 mn in Q2 FY18

Consolidated H1 FY19 - Highlights

- Total Revenue was 31310.3 mn for H1 FY19 as compared to 31543.1 mn in H1 FY18, a decrease of 15.1%

- EBITDA stood at 3213.9 mn for H1 FY19 as compared to 3290.7 mn during H1 FY18, a decrease of 26.4%

- EBITDA Margin at 16.3% for H1 FY19 as against 18.8% in H1 FY18

- Net profit stood at 368.3 mn for H1 FY19 as compared to 3109.6 mn in H1 FY18

Commenting on the financial results, CMD Mr. Deepak Jatia said, "There has been a dip in our revenues for the second quarter as always on account of seasonality in our Kotah Stone business and lack of opportunity in trading business due to current business scenario. On account of the onset of the monsoon season, the mining and production operations were curtailed."

He also added, "The Company is diversifying into an 'ENGINEERED STONE' project with an installed capacity of 600, 000 square meters per annum with a capital outlay of about Fts. 2000 Million (USD 27.50 Million) funded from internal accruals and bank borrowings. The Company is at an advanced stage of negotiation for technology to produce Engineered Stone with a world-renowned machinery manufacturer. The diversification into the Engineered Stone business has synergies With existing business and is expected to broad base our business mix. The Company is currently in negotiation with SEZs' for acquisition/lease of land for the project. The proposed project is expected to be completed in 15 months."

Shares of ASI Industries Ltd was last trading in BSE at Rs.18.5 as compared to the previous close of Rs. 17.9. The total number of shares traded during the day was 11642 in over 26 trades.

The stock hit an intraday high of Rs. 18.6 and intraday low of 17.9. The net turnover during the day was Rs. 214968.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

L&T announces open offer for Mindtree Ltd at Rs. 980

Mukesh Ambani bails out Anil again

L&T to acquire significant stake in Mindtree in an allcash transaction subject to regulatory approvals

RBI renews the authorization issued to Vakrangee for White Label ATMs

Sagar Productions Ltd bags worldwide distribution rights for film 'Ram Ki Janmabhoomi'

RCom group and Reliance Jio terminate agreements by mutual consent

Aegis Logistics Ltd board approves interim dividend of Rs. 0.50 for 2018-19

Aarti Industries Ltd opens QIP

Global Offshore Services Ltd appoints additional director

Persistent Systems Limited board to consider Q4, FY19 results

Majesco acquires Insurance Software Business in India

ICRA assigns credit ratings to Amines & Plasticizers Ltd

Allahabad Bank board to consider raising equity capital on March 26, 2019

Bajaj Finserv RBL Bank SuperCard reaches the milestone of 1 million

VOLTAS introduces industry's first Adjustable Inverter AC range

Hotel Leela Venture Ltd enters into binding contract with Brookfield

OFS Technologies Ltd to change name as Acewin Agriteck Ltd

Tata Communications honored by Frost & Sullivan for creating robust IZO™ Cloud Enablement Platform

BEML Ltd to consider interim dividend on March 21, 2019

Adani Ports and SEZ approves buy-back of 14,000 NCDs

Zensar features 'User First' Digital Workplace Services at the ISG Future Workplace Summit 2019

CARE reaffirms long term rating of PNC Delhi Industrialinfra Private Limited

Wipro achieves Maturity Level 5 in CMMI® V2.0 Development View

Canara Bank to raise long term foreign currency funds of $500 mn

East West Freight Carriers Limited wins Excellence International Cargo Award 2018 from Air India

FIEM Industries Ltd board declares interim dividend of Rs. 8

Pidilite Industries Ltd announces resignation of CFO Mr. P Ganesh

Thomas Cook India observes 20% growth in bookings

Bharat Gears Ltd to consider rights issue terms on March 22, 2019

NLC India Ltd board approves interim dividend of Rs. 4.53

Bharat Dynamics Ltd board approves 1st interim dividend of Rs. 5.25

Hindustan Aeronautics Ltd board declares interim dividend of Rs. 19.80

CMI to supply a Continuous Annealing Line to JSW India

ICICI Lombard partners with Mobikwik to offer an affordable online fraud protection policy

Lakshmi Mills Company Ltd appoionts Sri A Doraiswamy as CFO

Seadrill Selects TCS to Drive Global IT Transformation

GM Breweries Ltd board to consider Q4 results on Apr 4, 2019

Jet Airways India Ltd grounds additional 4 aircraft

Everest Organics Ltd announces opening of a New R&D Center

Ratnamani Metals & Tubes Ltd received new domestic order of Rs.298.00 Crores

IndusInd Bank forays into Boisar

SPML Infra secures new project orders worth INR 883 Crore

IndusInd Bank inaugurates a branch in Sadar Bazar, Delhi

Ashoka Buildcon Limited receives LoI from JBVNL

Ashoka Concessions Ltd ordered to pay Rs. 57.33 cr plus interest to L&T Infrastructure Development Projects Ltd

Vikas Proppant & Granite updates on proppants business

Yedeshi Aurangabad Tollway Pvt. Ltd receives provisional certificate for toll collection

Vodafone Idea Ltd board to consider rights issue terms on March 20, 2019

INOX Leisure Ltd commences operations of 4 screens at Inorbit Mall, Malad West

Lumax Auto Technologies Ltd to sell PCB unit to Lumax Industries Ltd







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

disclaimer copyright © 2005 - 2019