Asian Granito India Ltd

Q3 FY24Consumer Durables

Asian Granito India Ltd Q3 FY24 Results & Presentation Highlights: Revenue, Margins & Order Book

Q3 FY24 investor presentation: what the company reported on revenue, margins and projects.

Price₹50

Market cap₹1.5K Cr

P/E115.3

Updated24 Sept 2026

Read4 min read

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 presentation reports, not management guidance.

The short version

Consolidated Revenue Q3FY24: Rs. 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).

- **Marble & Quartz Production Q3FY24:** Own mfg - 0.2 million sq. mtrs (unchanged); Subsidiary - 0.2 million sq. mtrs (up from 0.1). - **Outlook:** Domestic tile demand expected mixed due to inflation; government spending on housing to support; export market showing signs of revival; margins expected to improve with capacity utilization and technology. All figures per the investor presentation for Q3 FY24 ending Dec 2023.

2 more points management made on revenue & sales performance

Profitability & Margins

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. Standalone EBITDA is Rs.5.2 crore (1.6% margin) vs Rs.-18 crore (-5.3%) in Q3FY2023.
Operating Margin: Consolidated EBITDA margin improved from -7.2% in Q3FY2023 to 0.4% in Q3FY2024. Standalone EBITDA margin improved from -5.3% to 1.6%.
Q3FY2024 Profit After Tax (PAT): Consolidated PAT is Rs.-8.1 crore (-2.2%) compared to Rs.-26.9 crore (-6.7%) in Q3FY2023, showing reduced losses. Standalone PAT is Rs.6.4 crore (2.0%) vs Rs.-10.2 crore (-3.0%) in Q3FY2023.
Margin Outlook: The presentation states that margins are expected to improve marginally in coming quarters due to increased capacity utilization and innovative technology.

See what Asian Granito India Ltd said on profitability & margins — free account, 30 seconds.

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 management made on capital expenditure plans

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation mentions that the company successfully completed two consecutive rights issues of Rs.225 crore and Rs.441 crore respectively in 2022 (Page 6).
There is no explicit mention of any new fundraising through debt or equity in Q3FY24.
The financial statement (Page 5) shows finance costs of Rs.5.2 crore for Q3FY24 consolidated and Rs.1.9 crore for standalone, which are slightly lower or comparable to previous periods, but no specifics on borrowings changes are given.

- No direct reference to change in borrowings or net debt is provided in the presentation. - The outlook and operational notes do not mention plans or actions related to raising new debt or equity or changes in borrowings/net debt. Summary: The only fundraising event stated is the past rights issues in 2022; no new or current period debt or equity fundraising or changes to borrowings/net debt are disclosed in this presentation.

2 more points management made on fundraising & capital structure

See what Asian Granito India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation for Asian Granito India Limited does not explicitly report specific figures or details related to: - Order book - Order inflow - Pending orders The presentation focuses on financial performance, production volumes, shareholding pattern, product launches, distribution network, and strategic developments. There are mentions of demand trends and market outlook but no direct data or explicit statements on current order backlog or order inflow status.

Asian Granito India Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹424 Cr, net profit ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Asian Granito India Ltd's management said in earlier quarters

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Sirca Paints India Ltd (Q3 FY24)
Q3FY24 Revenue from Operations: ₹72.49 crores, up 11.2% YoY from ₹65.22 crores in Q3FY23. Key investor presentation takeaways from Sirca Paints India Ltd's Q3 F
Uday Jewellery Industries Ltd (Q3 FY24)
Q3FY24 Revenue from Operations: ₹54.6 Cr, up 22% YoY from ₹44.6 Cr in Q3FY23 (Page 29). Key investor presentation takeaways from Uday Jewellery Industries Ltd's
Focus Lighting (Q3 FY24)
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Frequently Asked Questions

What were Asian Granito India Ltd Q3 FY24 results?

Consolidated Revenue Q3FY24: Rs. 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.