Latest news about Asian Star
Asian Star
631.20
-33.05(-4.98%)
Company Performance:
View Company Insights1D-4.98%
1M+0.99%
6M+0.99%
1Y+0.99%
5Y+0.99%
More news about Asian Star
20Dec 25
Asian Star Company Limited Approves Associate Entity Conversion from Partnership to LLP
Asian Star Company Limited's Board approved the conversion of its associate entity, M/s Shah Manufacturers, from a Partnership Firm to a Limited Liability Partnership (LLP) on December 19, 2025. The conversion involves no transfer of Asian Star's assets or liabilities, except for existing trade receivables and payables which will transfer to the LLP by law. All partners of M/s Shah Manufacturers are Directors of Asian Star and have disclosed their interests as required. The company confirms this is not a related party transaction under the Companies Act, 2013.
12Nov 25
Asian Star Co Reports 36% Decline in Q2 Net Profit Despite Revenue Growth
Asian Star Co, a major player in the diamond and jewelry industry, has released its Q2 FY2024 financial results. The company reported a 16.1% year-over-year increase in revenue to ₹759 crore, up from ₹654 crore in Q2 FY2023. However, net profit declined by 36.2% to ₹12.13 crore, compared to ₹19 crore in the same quarter last year. EBITDA also decreased by 7.2% to ₹24.45 crore, though the EBITDA margin slightly improved to 3.89% from 3.80%. The contrasting performance in revenue and profitability suggests potential challenges in cost management or market pressures.
12Aug 25
Asian Star Company Reports Strong Q1 Results and Reappoints Key Executives
Asian Star Company Limited announced robust Q1 financial results with a consolidated net profit of Rs. 1,934.45 crore, up 10.6% year-on-year. Consolidated revenue from operations reached Rs. 71,654.44 crore. The company's diamond segment generated Rs. 54,689.71 crore in revenue, while the jewellery segment contributed Rs. 20,134.29 crore. The Board of Directors approved the reappointment of three key executives: Vipul Shah as CEO & Managing Director, Arvind Shah as Wholetime Director & CFO, and Rahil Shah as Wholetime Director, for five-year terms starting January 1, 2026.
12Aug 25
Asian Star Co Reports Q1 Net Profit Growth Amid Revenue Decline
Asian Star Company Limited announced Q1 financial results with mixed performance. Net profit increased by 10.3% to ₹193.00 crore, while revenue decreased by 5.6% to ₹7,165.44 crore. EBITDA fell to ₹217.00 crore, with margin compression to 3.03%. The company's diamond segment generated ₹5,468.97 crore in revenue, jewelry segment ₹2,013.43 crore, and others ₹113.84 crore. The Board approved Q1 financial results and re-appointed key management personnel for five-year terms.
30May 25
Asian Star Co. Declares Dividend Amid Q4 Financial Challenges
Asian Star Co., a diamond industry player, announced its Q4 financial results showing significant declines. Revenue dropped 14.14% to ₹8.50 billion, EBITDA fell 83.80% to ₹46.00 million, and the company reported a net loss of ₹45.00 million, down 124.19% year-over-year. Despite financial challenges, a dividend of ₹1.50 per share was declared.
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