Asian Granito India Ltd’s net profit jumps 12% to Rs 6.35 cr for Q4FY20

New Delhi: Asian Granito India Ltd’s consolidated net profit jumped 12 percent to Rs 6.35 crore for the fourth quarter of the fiscal 2019-20 as compared a net profit of Rs 5.57 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 30 percent to Rs 257 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 369 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net profit jumped more than two-fold to Rs 43 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 18 crore in the previous fiscal.

The company’s consolidated revenues from operations declined 3 percent to Rs 1,224 crore for the entire fiscal 2019-20 as compared to Rs 1,186 crore in the previous fiscal.

The consolidated total expenses of the company declined to Rs 253 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 362 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company increased to Rs 1,175 crore in the 2019-20 fiscal as compared to Rs 1,162 crore in the previous fiscal, the company said in a regulatory filing.

The company recommended final dividend of Re 0.70 per equitr share of face value of Rs 10 each for the fiscal 2019-20. 

 

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