ASI Industries Reports Decline in Q2 Revenue Amid Unusual Monsoon Conditions

ASI Industries Limited , a leading player in the mining and processing of natural stone, has released its unaudited financial results for the quarter and half-year ended September 30, 2025. The company faced challenges due to extended unusual monsoon conditions, which significantly impacted its production and sales during the period.

Financial Performance

ASI Industries reported a notable decline in its quarterly revenue from operations, which stood at Rs. 2,056.20 lakhs for Q2 FY2026, compared to Rs. 2,949.31 lakhs in the previous quarter and Rs. 2,331.48 lakhs in the same quarter last year. Despite the revenue setback, the company managed to post a profit after tax of Rs. 81.30 lakhs for the quarter.

For a clearer picture of the company's financial performance, let's look at the key figures in tabular format:

Particulars (in Rs. lakhs)	Q2 FY2026	Q1 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Revenue from Operations	2,056.20	2,949.31	2,331.48	5,005.51	5,771.58
Other Income	437.84	471.33	419.76	909.17	783.78
Total Revenue	2,494.04	3,420.64	2,751.24	5,914.68	6,555.36
Profit Before Tax	94.15	601.97	88.97	696.12	641.56
Profit After Tax	81.30	404.16	50.43	485.46	438.43
Earnings Per Share (Rs.)	0.09	0.45	0.06	0.54	0.49

Impact of Monsoon

The company attributed the lower production and sales during the quarter to an extended unusual monsoon and more than double rainfall around mining areas compared to previous years. This environmental factor significantly affected ASI Industries' operations, leading to the observed decline in revenue.

Half-Year Performance

For the half-year ended September 30, 2025, ASI Industries reported a total revenue of Rs. 5,005.51 lakhs, compared to Rs. 5,771.58 lakhs in the corresponding period of the previous year. The company's profit after tax for the half-year stood at Rs. 485.46 lakhs, showing an improvement from Rs. 438.43 lakhs in the same period last year.

Segment Information

ASI Industries continues to operate in a single reportable segment: mining and processing of natural stone. This focus allows the company to leverage its expertise in the sector despite challenging environmental conditions.

Financial Position

As of September 30, 2025, ASI Industries maintained a strong balance sheet with total assets of Rs. 39,607.35 lakhs. The company's equity share capital remained unchanged at Rs. 900.75 lakhs, with other equity standing at Rs. 34,108.48 lakhs.

Outlook

While the unusual monsoon conditions have posed challenges for ASI Industries in the second quarter, the company's ability to maintain profitability during this period demonstrates its resilience. As weather conditions normalize, the company may be positioned to recover its production and sales volumes in the coming quarters.

Investors and stakeholders will be watching closely to see how ASI Industries navigates the aftermath of these weather-related disruptions and capitalizes on potential opportunities in the natural stone mining and processing sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.81%	+2.55%	+2.58%	-7.92%	-32.97%	+161.79%

ASI Industries Limited , a prominent player in the natural stone industry, has made significant leadership and compliance decisions at its 79th Annual General Meeting (AGM) held on September 12, 2025. The company has reappointed Mrs. Anita Jatia as a whole-time director and brought on board a new secretarial auditor, reinforcing its commitment to strong governance and experienced leadership.

Reappointment of Anita Jatia

Shareholders at the AGM approved the reappointment of Mrs. Anita Jatia as a whole-time director for a three-year term, effective September 1, 2025. This decision follows a recommendation by the company's board of directors.

Mrs. Jatia, who has been actively involved in ASI Industries' day-to-day operations since 2008, brings valuable experience in mining and marketing of Kotah stone and other natural stones. Her reappointment underscores the company's confidence in her leadership and industry expertise.

Key points about Mrs. Jatia's reappointment include:

Term: Three years, starting September 1, 2025
Shareholding: 30,33,392 shares in the company
Relationships: Related to directors Mr. Deepak Jatia and Mr. Tushya Jatia

New Secretarial Auditor Appointed

In another significant move, ASI Industries has appointed M/s. GMJ & Associates as its new Secretarial Auditor. The appointment, approved by shareholders, is for a term of five consecutive financial years from FY 2025-2026 to FY 2029-2030.

GMJ & Associates, founded in 2010, is a well-established firm of Practicing Company Secretaries based in Mumbai. The firm is known for its expertise in corporate law, SEBI regulations, FEMA compliance, and allied fields.

Other AGM Highlights

The 79th AGM, conducted through video conferencing, addressed several other important matters:

Adoption of audited financial statements for FY 2024-25
Declaration of dividend on Equity Shares
Ratification of Cost Auditors' remuneration for FY 2025-26

The meeting was chaired by Mr. Deepak Jatia, Chairman and Managing Director, who highlighted the company's performance in terms of revenue and net profit for FY 2024-25.

These decisions reflect ASI Industries' focus on maintaining strong leadership and ensuring compliance with regulatory requirements, positioning the company for continued growth in the natural stone industry.