New Delhi/ Mumbai/ Kolkata, February 2021: Asian Granito India Limited (AGIL) has reported a net profit of Rs. 24.9-crore during Q3FY21, growth of 126% as compared to a net profit of Rs. 11-crore in the corresponding period last year. Consolidated net sales for the quarter ended December 2020 was reported at Rs. 384.6-crore, up by 29% over previous fiscal’s same period net sales of Rs. 297.9-crore. Consolidated EBITDA for the quarter ended December 2020 was reported Rs. 49.5-crore.
AGIL reported net sales of Rs. 858.2-crore for the 9 months ended December 2020 as compared to previous fiscal’s same period net sales of Rs. 966.8-crore. EBITDA for 9 Months ended December 2020 was reported at Rs. 94.6-crore (EBITDA Margin at 11.0%) as compared to Rs. 97-crore (EBITDA Margin at 10.0%) in the corresponding period last year. Net Profit for the 9MFY21 stood at Rs. 37.2-crore (Net Profit Margin 4.3%) as compared to net profit of Rs. 34.9-crore (Net Profit Margin 3.6%).
AGIL has the widest range of tiles and bathroom fittings, which include ceramic floor, vitrified, digital wall, porcelain, parking, natural marble, Quartz, and much more. With the aim of providing a wholesome bathing solution, AGIL has introduced CP Fittings and Faucets to its sanitary division.
