Asian Granito reports growth of 126% in Q3

11 Feb 2021 Editorial Team

Asian Granito India Limited (AGIL), a tiles manufacturer, 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 crores, 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. Exports for the quarter were at Rs 54 crore, grew by 41% y-o-y. While the tiles division posted strong revenue growth of 36% y-o-y.

According to a company news release, the company attributes its success to its impact in the overseas market, steps taken to enhance the operations, efficiency and better retail presence. During the quarter, tiles division saw strong traction in demand from domestic as well as from the export market, resulting in strong revenue growth.

Financial Highlights (Consolidated)

	Q3FY21	Q3FY20	Y-O-Y	9MFY21	9MFY20	Y-O-Y
Net Sales (Rs Cr)	384.5	297.9	29.1%	858.2	966.8	-11.2%
EBITDA (Rs Cr)	49.5	33.5	47.6%	94.6	97.0	-2.5%
EBITDA Margin (%)	12.9	11.3	160 bps	11.0	10.0	100 Bps
Net Profit (Rs Cr)	24.9	11.0	125.6%	37.2	34.9	6.8%
Net Profit Margin (%)	6.5	3.7	280 bps	4.3	3.6	70 Bps

Kamlesh Patel, Chairman and Managing Director, said crucial factors that proved advantageous were what he termed “anti-China sentiments”, lower gas prices, and massive export orders from the US, European and Middle East markets.

Written from a company news release.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..