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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..