Asian Granito reports strong Q2 & H1 FY26 results, approves strategic subsidiary actions
Asian Granito reports strong Q2 & H1 FY26 results, approves disposing 25% stake in AGL Proteins and increasing capital in Harmony Surfaces Thailand for expansion.
The announcement includes strong financial results for the quarter and half-year, demonstrating improved profitability. Additionally, key corporate actions related to subsidiary restructuring and international expansion are expected to have a material impact on the company's strategic direction and financial performance.
The company reported a significant increase in net profit for H1 FY26 compared to the previous year, indicating strong financial performance. Strategic decisions to divest a non-core stake and infuse capital into a wholly-owned subsidiary for international expansion are also positive for future growth.
* The Board of Directors of Asian Granito India Limited met on 12th November, 2025, and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2025. * Key standalone financial highlights for the quarter ended 30th September, 2025: * Revenue from Operations: ₹27,242.42 Lakhs * Net Profit: ₹778.92 Lakhs * Basic and Diluted Earnings per Share (EPS): ₹0.34 * Key standalone financial highlights for the half year ended 30th September, 2025: * Revenue from Operations: ₹53,206.08 Lakhs (up from ₹52,464.94 Lakhs in H1 FY25) * Net Profit: ₹1,303.52 Lakhs (significantly up from ₹69.50 Lakhs in H1 FY25) * Basic and Diluted Earnings per Share (EPS): ₹0.56 * The Board approved the disposal of a 25% shareholding in AGL Proteins Private Limited, a subsidiary company, reducing the company's stake from 51% to 26%. This will result in AGL Proteins becoming an associate company. The consideration for this disposal is ₹25,000, with the agreement for sale expected on or before 12th December, 2025, and completion within 3 months. * The Board also approved increasing capital contribution in Harmony Surfaces Thailand Limited, a Wholly Owned Subsidiary, to mitigate additional working capital requirements, support business expansion, and enhance international presence. Completion is expected within 3 months. * Certain Key Managerial Personnel (KMPs) were authorized for determining materiality of events and making disclosures to stock exchanges. * The company noted that the Income Tax department conducted a search operation on 26th May, 2022, and appeals have been filed against various orders received. Management believes there is no material impact on the financial position as of 30th September, 2025. * Previous schemes of arrangement involving demerger, slump sale, and amalgamation were sanctioned by the NCLT on 12th June, 2025, with an effective date of 1st July, 2025, and an appointed date of 16th October, 2023. Another demerger scheme was approved by NCLT on 16th October, 2025, with the company petition pending hearing.
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Asian Granito India Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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