ASIANTILESAsian Granito India Ltd.
Asian Granito India Q2 FY27 Results: Consolidated Net Profit ₹5.22 Crore on Total Income of ₹531 Crore
- Earnings
- Ceramic tiles
Reviewed byRachit TripathiBlacklitt Research
Asian Granito India (NSE: ASIANTILES) reported consolidated total income of ₹531.01 crore and consolidated net profit of ₹5.22 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹261.36 crore and standalone net profit ₹1.21 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹531.01 crore, up 18.3% YoY and down 0.3% QoQ
- Net profit: ₹5.22 crore, down 75.3% YoY and 35.3% QoQ
- EPS: ₹0.20 basic, against ₹0.70 a year earlier
- Other income: ₹2.51 crore, down 37.5% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹261.36 crore, down 6.0% YoY and 6.1% QoQ
- Net profit: ₹1.21 crore, down 84.5% YoY and 46.0% QoQ
- EPS: ₹0.04 basic, against ₹0.26 a year earlier
- Other income: ₹0.41 crore, down 92.6% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 531.01 | 448.76 | +18.3% | 532.40 | -0.3% | |
| Revenue from operations | 528.50 | 444.75 | +18.8% | 530.95 | -0.5% |
| Other income | 2.51 | 4.01 | -37.5% | 1.45 | +73.1% |
| 5.22 | 21.17 | -75.3% | 8.07 | -35.3% | |
| Finance costs | 7.95 | 8.74 | -9.0% | 8.54 | -6.9% |
| Depreciation | 16.11 | 15.88 | +1.5% | 15.97 | +0.9% |
| Tax expense | 0.98 | 5.80 | -83.1% | 1.74 | -43.7% |
| Net profit margin | 0.98% | 4.72% | -3.73 pp | 1.52% | -0.53 pp |
| Tax as share of profit before tax | 15.8% | 21.5% | -5.68 pp | 17.7% | -1.93 pp |
| EPS, basic (₹) | 0.20 | 0.70 | -71.4% | 0.27 | -25.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income grew faster than the year-ago quarter's profit fell only in part: income rose 18.3% YoY while net profit fell 75.3%. Revenue from operations of ₹528.50 crore rose 18.8%, and other income of ₹2.51 crore, 0.5% of total income, fell 37.5%.
Tax took a smaller share of profit this quarter: ₹0.98 crore of tax on a profit before tax of ₹6.20 crore is 15.8%, against 21.5% a year earlier. Finance costs of ₹7.95 crore are 1.5% of total income, down 9.0% YoY.
The notes state that the Income Tax department searched the company's business premises on 26 May 2022 and that orders were received and appeals filed. The auditors say the impact on the consolidated results is presently not ascertainable pending the appeals, and management believes there is no material impact as of 30 Sep 2026, while the final outcome remains uncertain.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 261.36 | 277.95 | -6.0% | 278.38 | -6.1% | |
| Revenue from operations | 260.95 | 272.43 | -4.2% | 277.77 | -6.1% |
| Other income | 0.41 | 5.52 | -92.6% | 0.61 | -32.8% |
| 1.21 | 7.79 | -84.5% | 2.24 | -46.0% | |
| Finance costs | 3.28 | 3.12 | +5.1% | 3.41 | -3.8% |
| Depreciation | 2.83 | 2.10 | +34.8% | 2.88 | -1.7% |
| Tax expense | 0.33 | 3.00 | -89.0% | 1.12 | -70.5% |
| Net profit margin | 0.46% | 2.80% | -2.34 pp | 0.80% | -0.34 pp |
| Tax as share of profit before tax | 21.4% | 27.8% | -6.37 pp | 33.3% | -11.90 pp |
| EPS, basic (₹) | 0.04 | 0.26 | -84.6% | 0.08 | -50.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 84.5% YoY, more than total income's 6.0% decline. Other income of ₹0.41 crore, 0.2% of total income, was down 92.6% from ₹5.52 crore a year earlier.
The notes say that the quarter ended 31 Mar 2026 carried a one-time reversal of nine-month interest income of ₹13.39 crore on advances to wholly owned subsidiaries, after the company ceased interest accruals. The reversal had nil impact on the consolidated results. Standalone tax was ₹0.33 crore on a profit before tax of ₹1.54 crore, a rate of 21.4%.
The standalone depreciation charge of ₹2.83 crore was 34.8% above the year-ago quarter.
The company's business is a single operating segment, ceramic tiles and allied products. The share capital rose to ₹296.48 crore after the allotment of 6,45,63,636 shares under Scheme 2, and right issue proceeds of ₹422.17 crore net of expenses are reported as fully utilised under the revised objects.
Inference
The filing reports the Income Tax search and appeals as the main open matter on both sets of results, with the auditors' conclusion not modified in respect of it. The filing does not say how much the Income Tax orders demand or when the appeals will be resolved.
The filing does not give a reason for the fall in standalone and consolidated profit against the year-ago quarter.
Filed with BSE on . Reference: Original filing (PDF)
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