Asian Granito India drops after poor Q1 result

Asian Granito India lost 6.05% to Rs 238.95 at 09:51 IST on BSE after consolidated net profit dropped 43.05% to Rs 6.35 crore on 5.8% growth in total income to Rs 239.01 crore in Q1 June 2018 over Q1 June 2017.

The result was announced after market hours yesterday, 13 August 2018.

Meanwhile, the S&P BSE Sensex was up 154.39 points, or 0.41% to 37,799.29

On the BSE, 17,000 shares were traded on the counter so far as against the average daily volumes of 16,000 shares in the past two weeks. The stock had hit a high of Rs 246 and low of Rs 230 so far during the day. The stock had hit a record high of Rs 617 on 15 January 2018 and a 52-week low of Rs 239 on 13 August 2018.

The small-cap company has equity capital of Rs 30.09 crore. Face value per share is Rs 10.

Asian Granito India is one of the largest ceramic companies in India. The company manufactures and markets interior & infrastructure products like vitrified wall & floor tiles, porcelain, natural marble composite and quartz.

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