Asian Granito India has reported net consolidated profit after tax of Rs 4.70 crore during the quarter ended September 30, 2024. It had registered loss after tax of Rs 2.80 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 384.71 crore in Q2 FY25, a dip of 4.33 per cent from Rs 402.12 crore it recorded in the similar quarter last year.
The board of directors has approved the proposal of the incorporation of another foreign wholly-owned subsidiary (WOS) / foreign subsidiary company in Sharjah/ Dubai and having an object to undertake the trading activities pertaining to all types of tiles.
Exports for Q2 FY25 was at Rs 77 crore while for H1 FY25 they were at Rs 127 crore. The board also approved allotment of 47.14 lakh equity shares to promoter group and 77.82 lakh equity shares to non-promoter group on conversion of equal number of warrants at an issue price of Rs. 48.15 per share.
