Asian Granito India's Q1 FY25 financials show mixed results, with positive PAT growth but declining cash flow.

Asian Granito India, a leading player in the ceramics and allied industry, has recently declared its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Asian Granito has shown a flat performance in the quarter, with a score of 1 compared to -5 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the quarter has grown by 175.4% year on year, with a near-term trend that is very positive. The company has also recorded its highest PAT in the last five quarters, indicating a positive trend in profitability.

In terms of earnings per share (EPS), Asian Granito has also shown improvement, with the highest EPS of Rs 0.15 in the last five quarters. This signifies that the company has been able to create higher earnings for its shareholders.

However, there are some areas of concern in the financial report. The operating cash flow for the year has been the lowest in the last three years, with a fall each year. This indicates that the company’s cash revenues from business operations are declining. Additionally, the interest cost for the half-yearly period has increased by 38.02% compared to the previous period, which could signify increased borrowings.

Overall, Asian Granito’s financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and keep a close eye on the company’s future financial reports.