During Q3FY21, Asian Granito India Limited (AGIL) has reported net profit of Rs. 24.9-crore, growth of 126% as compared to 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-crore, 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.
Asian Granito India Ltd has the widest range of tiles and bathroom fittings, which include ceramic floor, vitrified, digital wall, porcelain, parking, natural marble, Quartz, and much more. With the aim of providing a wholesome bathing solution, the Company has introduced CP Fittings and Faucets to the sanitary division.
Mr. Kamlesh Patel, Chairman and Managing Director said, “In the third quarter of the current financial year, the demand of our products across various markets cemented our success as we continued to focus on value addition. The strong result is reflected by our topline growth of 29%. Our popularity has been marked in both urban and rural markets, a trend which has been continuing since the last two quarters.”
