Asian Granito Reports Strong PAT Growth Amid Liquidity Concerns for December Quarter

Asian Granito India, a player in the Ceramics/Marble/Granite/Sanitaryware industry, has recently reported its financial results for the quarter ending December 2024. The results, announced on February 7, 2025, indicate a notable shift in the company's evaluation, with its score rising to 10 from 9 over the past three months.
The financial data reveals a significant increase in Profit After Tax (PAT) for the half-year period, reaching Rs 6.76 crore, which reflects a year-on-year growth of 190.50%. This positive trend in profitability is underscored by the fact that the current PAT has surpassed the total for the preceding twelve months, which stood at Rs -7.98 crore.

However, the financial results also highlight challenges, particularly in liquidity. The company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, totaling Rs 39.76 crore, indicating a potential concern regarding short-term liquidity.

Overall, Asian Granito's recent financial performance showcases a mix of positive growth in profitability alongside liquidity challenges, leading to an adjustment in its evaluation.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.