Asian Granito India Limited
3,506words
2turns
0analyst exchanges
0executives
Key numbers — 40 extracted
Rs. 400.9 crore
20%
Rs. 341.4 crore
17%
rs,
INR 1562.7
8%
Rs.225
Rs.441
INR 0.88 Crore
INR 1562.7 Crore
0.83 Million
Risks & concerns — 2 flagged
However, margins in subsidiary is under pressure on account of non availability of APM gas which results into spot purchase from Sabarmati Gas at higher price, product changes in material subsidiary resulted into lower production.
— Subject
Demand for tiles in domestic market likely to remain mix bag on account of inflation pressure on retail as well as institutional customers, however we believe that government will continue to spend on low cost housing and construction which will drive demand for ceramic products.
— Outlook
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Speaking time
1
1
Opening remarks
Subject
Investor Presentation Please find attached Investor Presentation for the quarter and half year ended on 30th September, 2023. It is also uploaded on the website of the Company www.aglasiangranito.com. This information is submitted to you pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. You are requested to kindly take on your record. Thanking You. Yours truly, For Asian Granito India Limited Dhruti Trivedi Company Secretary and Compliance Officer Encl: As above Q2FY2024 Investor Update for Q2 FY24 1) Revenue from operations for the Q2FY2024 grew to Rs. 400.9 crores, registering 20% growth over last quarter at consolidated level. In Q2 demand for GVT, Large Slab Tiles and Digital Wall Tiles improved during the quarter. . 2) Revenue from operations for the Q2FY2024 grew to Rs. 341.4 crores, registering 17% growth over last quarter at standalone level. 3) Margin during the quarter increased due to marginal softening of gas price an
Outlook
Demand for tiles in domestic market likely to remain mix bag on account of inflation pressure on retail as well as institutional customers, however we believe that government will continue to spend on low cost housing and construction which will drive demand for ceramic products. Export market continue to give sign of rebounce and the Company is always looking for new avenue to bring in growth into export sales. Margin will expected to further improve marginally in coming quarter on account of increase in capacity utilization and innovative technology. 2 About Asian Granito India Limited - Quality Driven Tiles and Bathware Brand 4th Largest Listed Ceramic Tiles Company INR 1562.7 Cr FY2023 Revenue 54.5 Mn Sqm Installed Capacity 100+ Countries Presence 6,500+ Touch Points 6,000+ Employees 14 Plants* 8% Sales CAGR (FY 2013- FY 2023) 2,700+ Distributors, Dealers and Subdealers • • Incorporated in 1995 as Karnavati Fincap Private Limited and commenced Tiles operations in 2001, Asian Granit
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