Stock Under Rs 100: Significant Turnaround with 108 per cent Net Profit Growth, FIIs and DIIs Increases Stake
The stock has reached a 52-week high of Rs 90.4 and a low of Rs 46.5 over the past year, delivering a 59 per cent return on investment.
Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands has reported significant improvement in the operational and financial performance during Q1 of FY 2024-25 ended 30th June 2024. Recently the company released its Quarterly Results on August 06, 2024. On Friday the stock zoomed more than 4 per cent in a day.
Consolidated Highlights: Q1 FY25 Results
The company reported a consolidated net profit of Rs. 0.3 crore for Q1 FY25, ending 30th June 2024, compared to a net loss of Rs. 3.6 crore in Q1 FY24. Consolidated net sales for Q1 FY25 grew by 3 per cent to Rs. 343.2 crore, up from Rs. 334.8 crore in Q1 FY24. EBITDA for Q1 FY25 was Rs. 16.1 crore with an EBITDA margin of 4.7 per cent, compared to EBITDA of Rs. 9.6 crore with an EBITDA margin of 2.9 per cent in Q1 FY24.
Standalone Highlights: Q1 FY25 Results
The company reported a standalone net profit of Rs. 4.6 crore for Q1 FY25, ending 30th June 2024, down from a net profit of Rs. 5.6 crore in Q1 FY24. Standalone net sales in Q1 FY25 were Rs. 277.6 crore, compared to Rs. 292.7 crore in Q1 FY24. EBITDA for Q1 FY25 was Rs. 7.9 crore with an EBITDA margin of 2.8 per cent, up from EBITDA of Rs. 3.8 crore with an EBITDA margin of 1.3 per cent in Q1 FY24. Exports for Q1 FY25 were Rs. 43.9 crore, a 5 per cent increase from exports of Rs. 41.8 crore in Q1 FY24.
Commenting on the results and performance Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, "The Company has commenced the financial year with enhanced operational and financial performance in Q1FY25. Looking ahead, the company remains optimistic and is poised for significant growth in the coming years. Strategic initiatives such as the Morbi expansion, the AGL demerger, focus on retail presence, showroom expansion and the appointment of Ranbir Kapoor as brand ambassador demonstrate the company's strong commitment to growth and its aspiration to become a global brand. With a steadfast commitment to thought leadership, the company aims to achieve a total revenue of Rs. 6,000 Crore, driven by a visionary long-term strategy.”
Asian Granito India Ltd has a market capitalisation of Rs 962 crore and a current price of Rs 75.9. The stock has reached a 52-week high of Rs 90.4 and a low of Rs 46.5 over the past year, delivering a 59 per cent return on investment.
The Asian Granito India Ltd (The Company or AGL), established in the year 2000, has emerged as one of the leading ceramic companies in India. Over a short span of two decades, it has built a distinctive reputation for itself in India as well in the global markets as a manufacturer of a wide variety of finest quality Ceramic Tiles, Engineered Marble and Quartz
Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.