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AGL PAT up by 62.8% in Q4 of 2013-14

By VJ Media Bureau | Vjmedia Works | June 06, 2014

Asian Granito Ltd is one of the fastest growing ceramic companies in the space decor industry

Asian Granito India Limited (AGIL), one of the prominent tiles company of the country, reported a 62.8% rise in net profit at Rs. 5.90 crore for the fourth quarter of FY 2013-14 as against Rs 3.62 crore in the corresponding quarter of previous fiscal 2012-13. Net sales for the Q4 of FY 2013-14 at Rs.251.86 crore were higher by 22.1% over previous fiscal's same quarter sales of Rs 206.30 crore. Earnings per share for Q4 of FY 2013-14 stood at Rs 2.61 per share (on face value of Rs 10 each).

For the FY 2013-14 the company reported a net profit of Rs. 14.25 crore as compared to Rs 17.1 crore in FY 2012-13. Net sales of the company was Rs 770.27 crore for FY 2013-14 as against net sales of Rs 706.12 crore in the corresponding period last year.
 
Commenting on the financial performance of the company, Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd, said, "The growth is on account of buoyancy and strong performance across all business verticals. In spite of a slowdown in the Indian tiles industry, we have grown due to continuous innovations in products and aggressive marketing across the country.”

The company manufactures and markets interior and infrastructure products like vitrified wall and floor tiles, marble and quartz stone. According to the press release of the organisation, "Asian Granito India Limited has grown its manufacturing capacity 40-fold in 14 years, from 2,500 sq. m per day in the year 2000 to over 1 lakh square metres currently (including outsourcing) and  also exports to nearly 42 countries worldwide. AGL has also opened more than 50 + exclusive showrooms under'AGL tiles world exclusives' for showcasing its product range.  
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