NE BUSINESS BUREAU
AHMEDABAD, FEB 10
Ceramic products maker Asian Granito India Ltd (AGIL) on Wednesday reported over two-fold increase in consolidated net profit at Rs 25 crore for December quarter 2020-21 led by sales growth.
The company had posted a net profit of Rs 11 crore in the year-ago period, AGIL said in a BSE filing.
Revenue from operations was up 29.07 percent at Rs 384.45 crore during the quarter under review as against Rs 297.85 crore in the same period a year ago.
“In the third quarter…the demand of our products across various markets cemented our success as we continued to focus on value addition. The strong result is reflected by our topline growth of 29 percent. Our popularity has been marked in both urban and rural markets, a trend which has been continuing since the last two quarters,” AGIL CMD Kamlesh Patel said.
Total expenses were at Rs 350.20 crore in the third quarter of 2020-21, up 23.32 percent from Rs 283.96 crore.
