Asi Industries reported a net profit of ₹6.45 crore for the quarter ended June 30, 2026, marking a 59% increase from ₹4.04 crore in the same period last year. Revenue from operations rose 34% year-on-year to ₹39.53 crore, up from ₹29.49 crore in Q1FY25. The strong performance was driven by higher operational revenue, which more than offset a sequential dip from the previous quarter’s ₹48.66 crore.

The Board of Directors approved the unaudited financial results at a meeting held on July 27, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the company’s statutory auditors, B.L. Ajmera & Co., pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015.

Financial Performance Highlights

Total expenses for the quarter stood at ₹35.64 crore, compared to ₹44.74 crore in Q4FY26 and ₹28.19 crore in Q1FY25. Employee benefits expense remained stable at ₹8.96 crore, while finance costs decreased significantly to ₹33.82 lakh from ₹68.09 lakh in the preceding quarter. Power and fuel costs rose to ₹8.59 crore, reflecting operational activity levels.

What the Numbers Show

The primary driver of the improved bottom line was the significant year-on-year expansion in both top-line revenue and profit margins. While revenue grew 34% YoY, net profit grew at a faster pace of 59%, indicating an operating leverage effect where fixed costs were spread over a larger revenue base. The reduction in finance costs, halving from the previous quarter, further contributed to the improved pre-tax profit position. Earnings per share increased to ₹0.72 from ₹0.45 in the corresponding period last year.

Corporate Developments

The company incorporated ASI Steel & Energy Limited as a subsidiary on June 26, 2026. As the subsidiary has not yet commenced business operations, it has not been considered for consolidation in these financial results. The company operates in a single reportable segment: Mining & Processing of Natural Stone. Previous period figures have been regrouped and reclassified wherever necessary to align with current period presentations.

ASI Industries Limited sold its entire shareholding in Lloyds Engineering Works Ltd on July 21, 2026. The company divested 6,05,291 equity shares, representing approximately 0.041% of the paid-up share capital of the target entity. The transaction was executed through open market operations at prevailing market prices via the stock exchange mechanism. Following this sale, ASI Industries Limited holds no equity shares in Lloyds Engineering Works Ltd.

The disclosure regarding the sale was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the sale of investment has no material impact on its financials, operations, or other activities. The intimation was signed by Manish P. Kakrai, Company Secretary & Compliance Officer, on July 22, 2026.

Previously, on July 17, 2026, ASI Industries Limited had acquired 6,05,291 equity shares of Lloyds Engineering Works Ltd for ₹5.27 crore. At that time, the company had explicitly stated that the acquisition was solely for investment purposes and that it did not intend to acquire control of the target entity. The consideration for that acquisition was entirely in cash, and the transaction was conducted at arm's length.

Lloyds Engineering Works Ltd operates in the engineering sector, specializing in the design and manufacture of heavy equipment, machinery, and systems. Its portfolio caters to industries including hydrocarbons, oil & gas, steel plants, power plants, nuclear plant boilers, and turnkey projects. The entity is incorporated in India and has a presence solely within the country.

Financial data for Lloyds Engineering Works Ltd as of March 31, 2026, indicates a standalone turnover of ₹1052.22 crore, a Profit After Tax (PAT) of ₹118.27 crore, and a net worth of ₹1595.31 crore. The target entity has demonstrated a consistent growth trajectory in turnover over the past three financial years.

The transactions do not fall under related party transactions, and the promoter or promoter group of ASI Industries Limited holds no interest in the acquired entity. No governmental or regulatory approvals were required for the completion of these transactions.