Asian Granito India Q3 FY24 earnings call: Revenue & Margins
Q3 FY24 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹371Cr
- Net profit
- −₹8Cr
- Margin
- 0.4%
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Based on Asian Granito India Ltd's Q3 FY24 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Consolidated Revenue Q3FY24: Rs. 371.2 crore, down from Rs. 399.2 crore in Q3FY23 (approx. 7% decline). Q3FY2024 EBITDA: Consolidated EBITDA is Rs.1.5 crore (0.4% margin) vs Rs.-28.6 crore (-7.2%) in Q3FY2023, showing a significant improvement year-on-year.
From Asian Granito India Ltd's Q3 FY24 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Consolidated Revenue Q3FY24: Rs. 371.2 crore, down from Rs. 399.2 crore in Q3FY23 (approx. 7% decline).
- Standalone Revenue Q3FY24: Rs. 320.2 crore, down from Rs. 339.8 crore in Q3FY23 (approx. 6% decline).
- Tiles Sales Q3FY24 (Consolidated): Rs. 386.34 crore vs Rs. 413.40 crore in Q3FY23.
- Marble & Quartz Sales Q3FY24: Rs. 44.7 crore vs Rs. 46.86 crore in Q3FY23.
- Tiles Production Volume Q3FY24: Own mfg - 1.1 million sq. mtrs (down from 2.0 million in Q3FY23); Subsidiary - 4.9 million sq. mtrs (up from 3.9 million).
2 more points from Asian Granito India Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Future Ceramic Pvt. Ltd. (wholly-owned subsidiary) commenced commercial operations from 1 July 2023; invested Rs.174 Cr with installed capacity of 5.94 million sq. mtrs. per annum for large-format glazed vitrified tiles (GVT).
- AGL Sanitaryware Pvt. Ltd. (wholly-owned subsidiary) began commercial operations from 1 October 2023; invested Rs.46 Cr with capacity of 0.66 million pieces per annum for sanitaryware products.
- Greenfield plant development at Morbi for Future Ceramics Pvt Ltd and AGL Sanitaryware Pvt Ltd initiated in 2023.
- Wholly Owned Foreign Subsidiary AGL Surfaces INC established in USA for marketing quartz products.
- Wholly Owned Subsidiary Harmony Surfaces Marbles TR LLC in Sharjah, UAE set up for trading ceramic/porcelain products.
- Joint Venture Nepovit Ceramic Pvt Ltd incorporated in Nepal to set up wall tile manufacturing unit; initial investment underway.
2 more points from Asian Granito India Ltd's call on capex
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Asian Granito India Ltd — Quarterly revenue & net profit
Asian Granito India Ltd Q3 FY24 results — key figures
| ₹ Cr | Q3 FY24 | Q2 FY24 | QoQ |
|---|---|---|---|
| Revenue | 371 | 401 | -7.4% |
| Operating profit (EBITDA) | 2 | 20 | -92.5% |
| Operating margin | 0.4% | 4.98% | -4.6 pp |
| Profit before tax | -15 | 2 | -923.9% |
| Net profit (PAT) | -8 | -3 | — |
| EPS (₹) | -0.49 | -0.10 | — |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹529 Cr, net profit ₹5 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Asian Granito's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Asian Granito India Ltd Q3 FY24 results?
Consolidated Revenue Q3FY24: Rs. 371.2 crore, down from Rs. 399.2 crore in Q3FY23 (approx. 7% decline). Q3FY2024 EBITDA: Consolidated EBITDA is Rs.1.5 crore (0.4% margin) vs Rs.-28.6 crore (-7.2%) in Q3FY2023, showing a significant improvement year-on-year.
What is Asian Granito India Ltd share price analysis?
Asian Granito India Ltd currently shows a neutral. The stock trades at a P/E of 115.3 with a market cap of ₹1,502 Cr. Investors should review the full earnings analysis for detailed insights.
Is Asian Granito India Ltd planning capital expenditure?
Future Ceramic Pvt.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.