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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Asian Granito India net profit jumps 90% in FY26, revenue...
By PTI · 2026-06-01 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Luxury surfaces and bathware solutions brand Asian Granito India Ltd on Monday said its net profit jumped nearly 90 per cent to ₹18.74 crore in 2025-26 against ₹9.88 crore in the year-ago period, driven by strong domestic demand.

The company’s revenue rose 8.60 per cent to ₹1,858.06 crore in 2025-26 from ₹1,710.98 crore in the previous year, a statement said.

The company’s EBITDA for 2025-26 was ₹120.42 crore compared to ₹104.37 crore in 2024-25.

“We have emerged stronger through this challenging period and remain confident about our growth trajectory going forward. Healthy domestic demand, improved operational efficiencies, and stronger gross margins contributed to our performance during the year,” Kamlesh Patel, Chairman and Managing Director, said.

While higher gas prices and elevated export freight costs remain industry challenges, strong domestic demand and the company’s expanding market presence position it well for sustained growth, Patel added.

He added that the company remained focused on strengthening the brand, distribution network, and product portfolio while pursuing the long-term vision of becoming a ₹6,000 crore revenue company over the next three to six years.

Published on June 1, 2026