Asian Granito Announces Q1 FY2026 Financial Results; Board Approves Unaudited Standalone and Consolidated Statements
Asian Granito India Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved both the standalone and consolidated financial statements following a meeting held on August 11, 2026.The Group continues to operate within the Ceramic Tiles and Allied Products segment.
Consolidated Financial Performance Highlights
The unaudited consolidated results for the quarter ended June 30, 2026, reflect key figures across the reporting periods. The company reported a Total Income of 53,239.65 Lakhs in the current quarter (Q1 FY2026). Consolidated financial data is summarized below:| Particulars | Qtr Ended 30 June, 2026 (Unaudited) | Qtr Ended 31 March, 2026 (Audited) | Qtr Ended 30 June, 2025 (Restated) | Year Ended 31 March, 2026 (Audited) |
|---|---|---|---|---|
| Total Income | 53,239.65 Lakhs | 54,244.54 Lakhs | 41,853.19 Lakhs | 187,488.31 Lakhs |
| Profit / (Loss) before tax | 981.43 Lakhs | (4,252.85) Lakhs | 1,288.39 Lakhs | 2,172.06 Lakhs |
| Net Profit / (Loss) for the period after Share of Associate | 807.06 Lakhs | (3,267.25) Lakhs | 1,128.13 Lakhs | 1,873.77 Lakhs |
Standalone Financial Results
In terms of standalone performance for the quarter ended June 30, 2026, Total Income stood at 27,837.57 Lakhs. The company recorded a Net Profit/Loss for the period of 223.85 Lakhs, compared to (1,425.50) Lakhs in Q1 FY2025.The detailed standalone financial metrics are provided in the table below:
| Particulars | Qtr Ended 30 June, 2026 (Unaudited) | Qtr Ended 31 March, 2026 (Audited) | Qtr Ended 30 June, 2025 (Restated) | Year Ended 31 March, 2026 (Audited) |
|---|---|---|---|---|
| Total Income | 27,837.57 Lakhs | 28,042.38 Lakhs | 26,560.05 Lakhs | 109,763.38 Lakhs |
| Profit / (Loss) before tax | 336.15 Lakhs | (2,087.29) Lakhs | 734.75 Lakhs | 405.95 Lakhs |
| Net Profit / (Loss) for the period | 223.85 Lakhs | (1,425.50) Lakhs | 524.60 Lakhs | 323.20 Lakhs |
Corporate Transactions and Updates
The company also provided updates regarding its Right Issue proceeds and major scheme implementations:Right Issue Proceeds Utilization:
A total of 42,217.46 Lakhs was received from the Right Issue (after deducting R 1,879.00 Lakhs for related expenses). The funds have been utilized according to the following structure:
| Item Head | Amount as proposed in Letter of Offer dated 06 April, 2022 | Revised Amount | Amount Utilized till 30 June, 2026 |
|---|---|---|---|
| Funding new manufacturing units for wholly owned subsidiaries | 25,079.63 Lakhs | 21,862.80 Lakhs | 21,862.80 Lakhs |
| Working capital requirements of Proposed Projects | 3,940.00 Lakhs | 3,000.00 Lakhs | 3,000.00 Lakhs |
| Display centre cum office funding | 3,723.32 Lakhs | 7,380.15 Lakhs | 7,380.15 Lakhs |
| Stock point setup for Trading Business | N/A | 500.00 Lakhs | 500.00 Lakhs |
| General Corporate Purpose | 9,474.51 Lakhs | 9,474.51 Lakhs | 9,474.51 Lakhs |
Scheme of Arrangement and Operational Notes:
The company provided details regarding several successful corporate transactions:
- One NCLT-sanctioned Scheme (Part III) involved the transfer of the "Marble & Quartz undertaking" from Asian Granito India Limited to Amazoone Ceramics Limited, a wholly owned subsidiary, in a slump sale, effective since October 16, 2023.
- Another Composite Scheme sanctioned by NCLT included the transfer and vesting of manufacturing undertakings from affiliated companies (Affil Vitrified Private Limited, Ivanta Ceramics Industries Private Limited, and Crystal Ceramic Industries Limited) to resulting subsidiaries, which was accounted for using practical expedient.
- A subsequent Scheme involving Asian Granito India Limited and Adicon Ceramica Tiles Private Limited was approved by NCLT in February 2026. This led to the allotment of 64,563,636 equity shares of face value at R 10 each to eligible shareholders of the Demerged Company.
Furthermore, the company disclosed that it received a search operation from the Income Tax department on May 26, 2022, and has since filed responses and appealed various orders received against the assessment. The management noted that due to the complexity of this ongoing matter, the potential impact on financial results remains uncertain.
ASIANTILES Stock Price Movement
On Tuesday, Asian Granito India Limited shares shed value, closing at ₹52.85 after slipping 1.75% on the previous day's trading session. The equity saw a traded volume of 5.59 million shares as it settled significantly lower from its open price.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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