Asian Granito India Bounces Back with Profits in March Quarter

Asian Granito India has reported a remarkable turnaround, posting a net profit of ₹16.36 crore in the March quarter. This marks a significant improvement from a loss of ₹5.54 crore in the corresponding period last year, indicating the company's strengthening market position.

Driven by a sales surge of 11.3% to ₹471.62 crore, compared to ₹423.63 crore in the previous year, the company shows promising growth prospects. Asian Granito's consolidated net profit for 2024-25 came in at ₹20.24 crore, a stark contrast to the ₹20.15 crore loss recorded for FY24.

Under the leadership of Chairman and Managing Director Kamlesh Patel, the company remains committed to achieving a revenue target of ₹6,000 crore in the coming years. Recent strategic moves include increasing promoter stakes and launching subsidiaries in Dubai and Indonesia, alongside celebrity endorsements to bolster brand presence.

(With inputs from agencies.)