- Asian Granito India Limited (AGIL), manufacturer of one of India’s leading tiles brands has reported excellent financial performance in the second quarter ended September 2020.
- During the quarter, the tiles division has seen strong traction in demand from domestic as well as from the export market resulting in strong revenue growth. Ahmedabad (Gujarat) [India], November 12: Asian Granito India Limited (AGIL), manufacturer of one of India’s leading tiles brands has reported excellent financial performance in the second quarter ended September 2020. The company reported consolidated EBITDA of Rs 41.8 crore on consolidated sales of Rs 344.3 crore during the Q2FY21 ended September 2020. During the quarter, the tiles division has seen strong traction in demand from domestic as well as from the export market resulting in strong revenue growth.
- Asian Granito India Ltd reported net sales of Rs 473.7 crore for the half-year ended September 2020, lower by 29.2 percent over previous fiscal’s same period net sales of Rs. 668.9 crore. EBITDA for H1FY21 ended September 2020 was reported at Rs 45.8 crore (EBITDA margin at 9.7 percent) as compared to Rs 65.4 crore (EBITDA margin at 9.7 percent) in the corresponding period last year.
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