Asian Granito India Limited will conduct its 31st Annual General Meeting (AGM) on Wednesday, September 9, 2026, at 11:00 am. The meeting will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM) to transact the business set out in the notice.

The company informed the Corporate Relations Departments of BSE Limited and National Stock Exchange of India Limited regarding the newspaper advertisement published on August 13, 2026. The advertisement appeared in Business Standard (English) and Jai Hind (Gujarati).

Regulatory Compliance

The AGM is being conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also adheres to Ministry of Corporate Affairs (MCA) Circular no. 20/2020 dated May 5, 2020, Circular no. 14/2020 dated April 8, 2020, and Circular no. 03/2025 dated September 22, 2025.

Dhruti Mahesh Trivedi, Company Secretary and Compliance Officer, signed the communication on August 13, 2026.

Asian Granito India Limited reported consolidated revenue from operations of ₹530.95 crore for the first quarter of fiscal year 2027 (Q1 FY27), marking a 28.5% year-on-year increase. The Ahmedabad-based tiles and marble manufacturer delivered this growth primarily through its subsidiaries, which saw revenue jump 64.9% to ₹253.18 crore, now accounting for 47.7% of the group's total sales. Despite the top-line expansion, consolidated EBITDA margin contracted to 6.19% from 7.74% in Q1 FY26, reflecting a higher proportion of lower-margin traded goods and rising fuel prices.

The filing was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dhruti Trivedi, Company Secretary and Compliance Officer, submitted the unaudited results to the BSE and NSE on August 11, 2026. The company highlighted that price realisations improved on a year-on-year basis, supporting the revenue growth trajectory.

Financial Performance

On a consolidated basis, operating EBITDA grew 2.8% year-on-year to ₹32.88 crore. Profit After Tax (PAT) stood at ₹8.08 crore, representing a significant sequential turnaround from a loss of ₹32.66 crore reported in Q4 FY26. However, PAT declined 28.5% compared to ₹11.29 crore in Q1 FY26.

Standalone revenue rose 7.0% to ₹277.77 crore, with EBITDA margin improving to 3.26% from 3.05% in the corresponding quarter last year. Standalone PAT was ₹2.24 crore, down from ₹5.25 crore in Q1 FY26, attributed to lower other income and increased gas prices.

What the Numbers Show

The divergence between strong revenue growth and contracting margins highlights a structural shift in Asian Granito's sales mix. Subsidiary revenue now constitutes nearly half of the consolidated total, up from 37.2% a year ago. This rapid scaling, combined with an increased share of traded goods—which typically carry thinner margins than manufactured products—pressured the overall EBITDA margin despite improved price realisations. The company noted that rising fuel costs further impacted consolidated results, suggesting that input cost inflation remains a headwind even as volume and value metrics expand.

Management Commentary

Kamlesh B Patel, Chairman of Asian Granito India Limited, stated that the results reflect the strength of ongoing manufacturing capacity expansion and a continued focus on premiumisation. He noted that subsidiaries continued to scale while holding profitability broadly steady. The management remains focused on rebuilding the export order book and driving further operating efficiencies across the group in the coming quarters.