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Asian Granito India Ltd

Asian Granito India Ltd PAT up 31% in Q1 of FY 2014-15

Aug 11, 2014   17:00 IST 
Gujarat, India

Financial Highlights (Rs Crore)

Particulars

Q1

FY 15

 

Q1

FY 14

 

Quarter

growth (%)

Net Sales

175.98

156.82

12.21 %

Net Profit

3.35

2.55

31.37 %

EPS (Rs) (on face value of Rs.10 each)

1.48

1.15

 

 

Asian Granito India Limited (AGL), one of India’s top four tiles company reported a 31.37% rise in the standalone net profit at Rs. 3.35 crore for the first quarter of FY 2014-15 as against Rs. 2.55 crore in the corresponding quarter of previous fiscal 2013-14. Net sales for the Q1 of FY 2014-15 at Rs. 175.98 crore were higher by 12.21 % over previous fiscal’s same quarter sales Rs. 156.82 crore. Earnings per share for Q1 of FY 2014-15 stood at Rs. 1.48 per share (on face value of Rs.10 each).

During the quarter company introduced the world’s whitest tile collection Carrara White Double Charged Vitrified Tiles (in the unglazed larger format). AGL also became the first Indian ceramic tiles manufacturer to take the launch of its nationwide AD campaign - ‘Sapne Huye Apne’ to movie halls pan-India. Company launched its mega nationwide advertising campaign ‘Sapne Huye Apne’ in as many as 606 movie screens in the most premium cinema chains all over the country including PVR, INOX, Big Cinemas, Cinépolis and Fun Cinemas.

Commenting on the financial performance of the company, Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, “The growth is on account of buoyancy and strong performance across all business verticals. In spite of a slowdown in the Indian tiles industry, we have grown due to continuous innovations in products and aggressive marketing across the country. This year is the year of growth for us and the market will see lot of developments from the company.”

About Asian Granito India Limited:

Asian Granito India Limited is today among the top four ceramic tile manufacturers in India and one of the most profitable company in its segment. Company manufactures and markets interior and infrastructure products like vitrified wall and floor tiles, marble and quartz stone. Established in the year 2000, company has grown its manufacturing capacity 40-fold in 14 years, from 2500 square metres per day in the year 2000 to over 1 lakh square metres currently (including outsourcing). Company also exports to nearly 42 countries worldwide.

Headquartered in Ahmedabad, Asian Granito India Limited is listed on NSE and BSE and reported net sales of Rs 757 crore in 2013-14. The attribute of constantly innovating and ‘leading the change’ has made AGL one of the fastest growing ceramic companies in the space decor industry. The company’s vision is to enhance customer satisfaction and its image worldwide so as to achieve exponential growth globally in ceramic and decor solutions.

AGL has an extensive marketing and distribution network which comprises of over 3000 dealers and sub-dealers covering each and every state of the country. Company has also open more than 60 + exclusive showrooms under ‘AGL tiles world exclusives’ for showcasing its product range.

Promoted in 2000 by Mr. Kamlesh Patel and Mr. Mukesh Patel, AGL currently enjoys healthy footprints in around 42 countries. The company has produced 13 crore square meter of space décor under their leadership. AGL has eight states of art ultra modern plants manufacturing world class Tiles, Marble & Quartz in Gujarat. Company’s facilities are ISO 9001:2008 and ISO 14001:2004 certified and are fully equipped with latest technologies to give contemporary touch to its products.

1200 +

Tiles Designs

8

Factories

1 Lakh +

Sq. Mtr/Day Production*

42

Countries Export

*Inclusive of outsourcing


 
 
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