ASI Industries FY26 Net Profit Falls to ₹2269.48 Lakh; Dividend of Re. 0.40 Declared
ASI Industries Limited reported audited FY26 results with net profit declining to ₹2269.48 lakh from ₹2544.92 lakh, as revenue from operations fell to ₹14941.44 lakh. The Board recommended a dividend of Re. 0.40 per equity share and reconstituted the Audit Committee. Total assets grew to ₹42705.07 lakh, while operating cash flows improved significantly to ₹1572.76 lakh.
*this image is generated using AI for illustrative purposes only.
ASI Industries Limited announced its audited financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 18, 2026. The company reported a net profit of ₹2269.48 lakh for FY26, compared to ₹2544.92 lakh in the previous year. Revenue from operations for the year stood at ₹14941.44 lakh, lower than the ₹15476.56 lakh reported in the prior year. Total revenue for the year was ₹16894.76 lakh, against ₹17409.86 lakh in the previous year. The statutory auditors, B. L. Ajmera & Co., issued an unmodified opinion on the audited financial results.
Financial Performance
The company's profit before tax for the year was ₹3319.82 lakh, compared to ₹3722.54 lakh in the corresponding period last year. Total expenses for the year amounted to ₹13574.94 lakh, slightly down from ₹13687.32 lakh in the previous year. Earnings per share (EPS) for the year stood at ₹2.52, a decrease from ₹2.83 in the previous year. For the quarter ended March 31, 2026, net profit was ₹554.09 lakh and EPS was ₹0.62. The company operates in a single reportable segment — Mining & Processing of Natural Stone.
The table below summarises the key annual financial metrics:
| Metric: | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations: | 14941.44 | 15476.56 |
| Other Income: | 1953.32 | 1933.30 |
| Total Revenue: | 16894.76 | 17409.86 |
| Total Expenses: | 13574.94 | 13687.32 |
| Profit Before Tax: | 3319.82 | 3722.54 |
| Net Profit: | 2269.48 | 2544.92 |
| Earnings Per Share (₹): | 2.52 | 2.83 |
The quarterly performance for the period ended March 31, 2026 is presented below:
| Metric: | Q4 FY26 (₹ in Lakhs) | Q3 FY26 (₹ in Lakhs) | Q4 FY25 (₹ in Lakhs) |
|---|---|---|---|
| Revenue from Operations: | 4865.73 | 5070.20 | 4780.66 |
| Total Revenue: | 5359.98 | 5620.10 | 5408.66 |
| Total Expenses: | 4474.04 | 3882.34 | 4145.97 |
| Profit Before Tax: | 885.94 | 1737.76 | 1262.69 |
| Net Profit: | 554.09 | 1229.93 | 888.98 |
| EPS (₹): | 0.62 | 1.37 | 0.99 |
Balance Sheet Highlights
As at March 31, 2026, ASI Industries reported total assets of ₹42705.07 lakh, up from ₹40533.49 lakh in the previous year. Non-current assets stood at ₹28184.14 lakh, while current assets were ₹14520.93 lakh. Total equity increased to ₹36158.16 lakh from ₹35252.47 lakh. Key balance sheet figures are summarised below:
| Parameter: | As at 31.03.2026 (₹ in Lakhs) | As at 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Total Assets: | 42705.07 | 40533.49 |
| Non-Current Assets: | 28184.14 | 28349.22 |
| Current Assets: | 14520.93 | 12184.27 |
| Equity Share Capital: | 900.75 | 900.75 |
| Other Equity: | 35257.41 | 34351.72 |
| Total Equity: | 36158.16 | 35252.47 |
| Non-Current Borrowings: | 1340.11 | 158.32 |
| Current Borrowings: | 2795.64 | 2944.06 |
Cash Flow Summary
For FY26, ASI Industries generated net cash inflow from operating activities of ₹1572.76 lakh, a significant improvement from a net outflow of ₹336.41 lakh in the previous year. Cash generated from operations was ₹2345.51 lakh, compared to ₹678.26 lakh in FY25. Net cash outflow from investing activities was ₹1937.01 lakh, while financing activities resulted in a net inflow of ₹444.61 lakh. Cash and cash equivalents at the end of the year stood at ₹90.59 lakh, up from ₹10.23 lakh at the beginning of the year.
Dividend Declaration
The Board of Directors has recommended a dividend of Re. 0.40 (40%) per equity share of Re. 1 each for FY26, subject to approval of members at the ensuing Annual General Meeting.
Corporate Governance
During the meeting, the Board reconstituted the Audit Committee. The committee now includes Mr. Rajaram G. Agarwal as Chairman, and Mr. Padamkumar R. Poddar, Mr. Arunanshu V. Agarwal, and Mr. Tushya Jatia as members. The Board meeting commenced at 15:00 hours and concluded at 15:50 hours. The results were reviewed by the Audit Committee and approved by the Board at their respective meetings held on May 18, 2026.
Historical Stock Returns for ASI Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.62% | -2.30% | -1.74% | -15.50% | -33.15% | -24.26% |
What strategic initiatives is ASI Industries planning to reverse the ~3.5% revenue decline and restore profitability to FY25 levels in the natural stone segment?
Given the significant jump in non-current borrowings from ₹158.32 lakh to ₹1340.11 lakh, what capital expenditure or expansion projects is the company undertaking, and how will these impact future earnings?
How might global demand trends for natural stone — particularly from key export markets — affect ASI Industries' revenue recovery in FY27 amid ongoing construction sector fluctuations?
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