Asian Granito India Posts Robust 9MFY26 Net Profit of ₹43.83 Crore
Asian Granito India Limited reported a robust 9MFY26 with net profit of ₹43.83 Crore, up from a loss of ₹4.97 Crore. Net sales increased 10.60% YoY to ₹1,219.10 Crore. Q3FY26 saw net profit at ₹20.07 Crore (vs. loss of ₹4.53 Crore) on sales of ₹423.93 Crore (up 15.80%). EBITDA surged significantly for both periods.
The substantial increase in net profit, turnaround from loss to profit, and significant growth in revenue and EBITDA are material financial events that will likely have a high impact on investor sentiment and the company's stock.
The company has reported significant year-on-year growth in net sales, net profit, and EBITDA for both the nine-month period and the third quarter, indicating a strong operational and financial performance.
Asian Granito India Limited (AGL) has reported a strong financial performance for the nine months ended December 2025 (9MFY26), with consolidated net sales rising by 10.60% year-on-year to ₹1,219.10 Crore from ₹1,102.24 Crore in the corresponding period last year. The company achieved a net profit of ₹43.83 Crore for 9MFY26, a significant turnaround from a loss of ₹4.97 Crore in the previous year. EBITDA for the period surged by 134.43% YoY to ₹102.34 Crore.
For the third quarter of FY26 (Q3FY26), AGL's consolidated net sales grew by 15.80% to ₹423.93 Crore, compared to ₹366.09 Crore in Q3FY25. The net profit for Q3FY26 stood at ₹20.07 Crore, a substantial improvement from a loss of ₹4.53 Crore in the same quarter last year. EBITDA for the quarter increased by 210.21% YoY to ₹40.80 Crore, with EBITDA margins expanding by 603 basis points to 9.62%.
On a standalone basis, AGL reported a 336.25% rise in net profit to ₹4.42 Crore for Q3FY26 on revenues of ₹268.42 Crore. For 9MFY26, standalone revenues were ₹800.48 Crore, and net profit was ₹17.39 Crore.
Mr. Kamlesh Patel, Chairman and Managing Director, attributed the strong performance to an innovating product mix, robust demand fueled by the booming real estate market and government initiatives in infrastructure. He expressed optimism for continued growth in both topline and bottom-line in the coming quarters, highlighting the launch of new products. Exports contributed nearly 15% to the company's total turnover in 9MFY26. AGL recently acquired a 26% stake in Allomex Steel Private Limited, making it an associate company.
The company also noted the positive impact of the India-US trade deal, which has reduced US import tariffs on Indian products to 18%, restoring competitiveness against China's higher tariff burden. This is expected to drive stronger export realizations and improved margins. The India-US and India-EU trade agreements are anticipated to foster sustained export momentum and diversify market risk.
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