Asian Granito India shares skyrocket 13.5%; here is why

The company turned profitable in the March 2025 quarter (Q4 FY25). It posted a net profit of ₹16.36 crore during the period, driven by higher sales.

The Ahmedabad-based company had reported a loss of ₹5.54 crore in the year-ago period.

Its net sales rose by 11.3% to ₹471.62 crore in the January-March quarter compared to ₹423.63 crore in the year-ago period, Asian Granito said in a statement.

The company reported a consolidated net profit of ₹20.24 crore for 2024-25 against a loss of ₹20.15 crore for FY24. The consolidated net sales of the company increased by 1.8% to ₹1,558.52 crore in FY25 against ₹1,530.59 crore logged in FY24.

“Despite the current volatility in the market and economy, the company has closed Q4 and FY25 on a good note, achieving better operational and financial performance,” Asian Granito Chairman and Managing Director Kamlesh Patel said.

“We are steadfast in our commitment to achieve total revenue of ₹6,000 crore in the next 4-6 years,” Patel added.

The company said in its press release that in Q3 FY25, Asian Granito India Ltd (AGIL) completed the conversion of all outstanding warrants into equity shares, significantly enhancing its capital structure and promoter stake.

On October 8 and 15, 2024, the company allotted 77.82 lakh and 47.14 lakh equity shares, respectively, upon warrant conversion. Subsequently, on November 23, 2024, an additional 78.03 lakh shares were issued at ₹48.15 per share (including a ₹38.15 premium), raising ₹28.18 crore from promoter group investors.

"Initiatives like the AGL demerger, focus on retail presence, showroom expansion, appointment of celebrities like Ranbir Kapoor and Vaani Kapoor as brand ambassadors demonstrate the company's strong commitment to growth,” Patel said.

(With inputs from PTI)