Declining Sales and Rising Interest Costs Raise Concerns for Asian Granito India

Asian Granito India, a leading player in the ceramics and allied industry, recently declared its financial results for the quarter ending March 2024. The company, which falls under the microcap category, has received a 'Sell' call from MarketsMOJO.

According to the financial report, Asian Granito's performance for the quarter has remained flat, with a score of -5 compared to -2 in the previous quarter. This indicates a decline in the company's financial health over the last three months.

One of the major concerns for Asian Granito is its interest cost, which has increased by 116.60% quarter on quarter, reaching Rs 11.22 crore. This suggests that the company has taken on more borrowings, which could impact its profitability in the long run.

In terms of sales, the company has seen a decline of -7.05% year on year, with net sales of Rs 423.63 crore. This indicates a negative trend in the company's sales in the near term.

Furthermore, Asian Granito's non-operating income, which is 2,605.88% of its profit before tax, is a cause for concern. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, the financial results for the quarter ending March 2024 do not paint a positive picture for Asian Granito India. Investors are advised to carefully consider these factors before making any investment decisions.