(BSE: 513729 | NSE: AROGRANITE)
February 4, 2025
Aro Granite Industries Ltd. has announced its audited financial results for the quarter and nine months ended December 31, 2024. The results were approved by the company's Board of Directors during a meeting held on February 4, 2025, and the statutory auditors have issued an unqualified opinion on the financials.
Key Financial Highlights
Standalone Financial Performance (₹ in Lakhs)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 (Apr-Dec 2024) | 9M FY24 (Apr-Dec 2023) | FY24 (Mar 31, 2024) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 3,011.69 | 2,860.74 | 3,335.02 | 9,627.68 | 12,219.92 | 15,509.48 |
| Total Income | 3,553.16 | 2,652.98 | 3,355.84 | 10,079.79 | 12,270.08 | 15,547.23 |
| Total Expenses | 3,515.87 | 3,399.87 | 3,321.17 | 10,774.46 | 11,967.63 | 15,206.99 |
| Profit Before Tax (PBT) | 37.29 | (746.89) | 34.67 | (694.67) | 302.45 | 340.24 |
| Net Profit/(Loss) | (0.44) | (719.52) | 7.97 | (644.54) | 179.01 | 131.40 |
| Earnings Per Share (₹) | 0.02 | (4.66) | 0.05 | (4.10) | 1.22 | 0.89 |
- Quarterly revenue increased to ₹3,011.69 lakhs in Q3 FY25, compared to ₹2,860.74 lakhs in Q2 FY25, but declined YoY from ₹3,335.02 lakhs in Q3 FY24.
- Profitability remains under pressure, with a marginal net loss of ₹0.44 lakhs in Q3 FY25, compared to a profit of ₹7.97 lakhs in Q3 FY24.
- Nine-month performance shows a net loss of ₹644.54 lakhs, compared to a profit of ₹179.01 lakhs in 9M FY24.
Segment-Wise Performance
| Segment | Q3 FY25 Revenue (₹ Lakhs) | Q2 FY25 Revenue (₹ Lakhs) | Q3 FY24 Revenue (₹ Lakhs) | 9M FY25 Revenue (₹ Lakhs) | 9M FY24 Revenue (₹ Lakhs) | FY24 Revenue (₹ Lakhs) |
|---|---|---|---|---|---|---|
| Quartz Division | 988.90 | 1,021.38 | 810.26 | 3,188.64 | 3,440.71 | 4,198.51 |
| Granite Slabs/Tiles Division | 2,564.26 | 1,631.60 | 2,545.58 | 6,891.15 | 8,829.37 | 11,348.72 |
| Total | 3,553.16 | 2,652.98 | 3,355.84 | 10,079.78 | 12,270.08 | 15,547.23 |
- The Quartz division posted Q3 FY25 revenue of ₹988.90 lakhs, a YoY increase of 22% from ₹810.26 lakhs in Q3 FY24.
- The Granite Slabs/Tiles division generated ₹2,564.26 lakhs in Q3 FY25, almost flat compared to ₹2,545.58 lakhs in Q3 FY24.
- Overall, revenues have declined YoY, indicating market challenges and weaker demand in the granite segment.
Management Commentary
Sunil Kumar Arora, Managing Director of Aro Granite Industries Ltd., stated: "Despite a challenging economic environment, we have improved our revenue sequentially. The Quartz division continues to show growth potential, but demand fluctuations in the granite segment remain a concern. We are focused on operational efficiency and cost control to improve margins in the coming quarters."Strategic Outlook & Market Positioning
- Industry Challenges: The company is facing pricing pressure and global demand volatility in its export-driven granite and quartz businesses.
- Operational Improvements: Cost rationalization and efficiency improvements are key strategic initiatives.
- Future Growth Plans:
- Strengthening Quartz Division, given its growing contribution to revenue.
- Exploring new export markets for granite slabs and tiles.
Auditor’s Report & Compliance
- The statutory auditors, Alok Mittal & Associates, have issued an unqualified opinion, affirming that the financial statements comply with Indian Accounting Standards (IND AS) and SEBI regulations.
- The Code on Social Security, 2020, is expected to impact employee benefits once fully implemented.