Asahi Songwon Colors Limited reported Q1 consolidated revenue of ₹149.88 crores, up 11.62% year-on-year but down 1.88% quarter-on-quarter. EBITDA margins compressed to 7.93% from 11.53% in the previous quarter. Net profit before exceptional items decreased by 40.73% year-on-year to ₹2.59 crores. The Blue Business faced subdued demand in the latter half of the quarter, while the AZO segment showed steady progress. The API segment experienced declining product realizations despite higher volumes. Management expects continued challenges in Q2 but anticipates recovery in the second half of the financial year.