Key Financial Figures (Standalone - ₹ in Lakhs)

  • Revenue from Operations: ₹27,776.57 (Q1 FY2027) vs ₹29,458.27 (Q1 FY2026) and ₹25,963.66 (Q4 FY2026)
  • Total Income: ₹27,837.57 (Q1 FY2027) vs ₹28,042.38 (Q1 FY2026) and ₹26,560.05 (Q4 FY2026)
  • Profit Before Tax: ₹336.15 (Q1 FY2027) vs (₹2,087.29) (Q1 FY2026) and ₹734.75 (Q4 FY2026)
  • Net Profit: ₹223.85 (Q1 FY2027) vs (₹1,425.50) (Q1 FY2026) and ₹524.60 (Q4 FY2026)
  • Basic EPS: ₹0.08 (Q1 FY2027) vs (₹0.48) (Q1 FY2026) and ₹0.18 (Q4 FY2026)
  • Paid-up Equity Share Capital: ₹29,647.53 (face value ₹10 per share)

Key Financial Figures (Consolidated - ₹ in Lakhs)

  • Revenue from Operations: ₹53,094.98 (Q1 FY2027) vs ₹41,315.32 (Q1 FY2026) and ₹53,849.50 (Q4 FY2026)
  • Profit Before Tax: ₹981.43 (Q1 FY2027) vs ₹1,288.39 (Q1 FY2026) and (₹4,252.85) (Q4 FY2026)
  • Net Profit: ₹807.06 (Q1 FY2027) vs ₹1,128.13 (Q1 FY2026) and (₹3,267.25) (Q4 FY2026)
  • Basic EPS: ₹0.27 (Q1 FY2027) vs ₹0.39 (Q1 FY2026) and (₹1.08) (Q4 FY2026)
  • Net Profit Attributable to Owners: ₹813.27 (Q1 FY2027) vs ₹1,151.32 (Q1 FY2026) and (₹3,188.94) (Q4 FY2026)

Right Issue Proceeds Utilization

The Company received ₹42,217.46 lakhs from a Right Issue (after deducting expenses of ₹1,879.00 lakhs). The proceeds were fully utilized as follows:

  • ₹21,862.80 lakhs for capital expenditure in new manufacturing units under WOS
  • ₹3,000.00 lakhs for working capital requirements of proposed projects
  • ₹7,380.15 lakhs for display centre cum office
  • ₹500.00 lakhs for stock point for trading business
  • ₹9,474.51 lakhs for general corporate purposes

Schemes of Arrangement

Scheme 1 (Approved 12 August, 2023, Effective 16 October, 2023):

  • NCLT Ahmedabad sanctioned on 12 June, 2025
  • Part III: Transfer of Marble & Quartz undertaking to Amazoone Ceramics Limited (WOS) via slump sale
  • Part II: Demerger of manufacturing undertakings from Affil Vitrified, Ivanta Ceramics, and Crystal Ceramic Industries to Affil Ceramics, Ivanta Ceramic, and Crystal Vitrified Limited
  • Company issued 3,32,08,905 shares to Demerged Company 1 shareholders, 3,19,33,333 shares to Demerged Company 2 shareholders, and 1,97,24,095 shares to Demerged Company 3 shareholders
  • Part IV: Amalgamation of Amazoone Ceramics and AGL Industries; Amazoone issued 11,95,739 Optionally Convertible Preference Shares of ₹100 each
  • Certified copy filed with RoC on 01 July, 2025

Scheme 2 (Approved 12 August, 2023, Effective 16 October, 2023):

  • NCLT Ahmedabad sanctioned on 17 February, 2026, effective 01 March, 2026
  • Demerger between Asian Granito, Adicon Ceramica Tiles, and Adicon Ceramics Limited
  • Transfer of Tiles Manufacturing Undertaking to Adicon Ceramics Limited (WOS)
  • Company allotted 6,45,63,636 equity shares (face value ₹10) to Demerged Company shareholders on 05 March, 2026
  • Paid-up capital increased from ₹23,191.16 lakhs (23,19,11,649 shares) to ₹29,647.53 lakhs (29,64,75,285 shares)
  • Received listing approvals from BSE and NSE on 30 March, 2026; trading approvals on 08 April, 2026

Income Tax Search Matter

The Income Tax department carried out a search operation at the Company's business premises on 26 May, 2022. The Company has received various notices and orders against which it has filed appeals. The management believes there is no material impact on the financial position as of 30 June, 2026, but the final outcome remains uncertain, making the potential impact unascertainable.

Operational Impacts

  • Q4 FY2026 results were affected by US anti-dumping duties causing temporary closure of Quartz plant for two months (resumed in Q1 FY2027)
  • West Asia conflict led to gas supply shortages, forcing temporary shutdown of ceramic plants in Morbi (resumed in Q1 FY2027)
  • Increased gas prices in Q1 FY2027 adversely impacted profitability, making YoY comparisons difficult

Other Significant Items

  • The Company reversed ₹1,339.29 lakhs of interest income previously recognized from WOS entities in Q4 FY2026, resulting in negative 'Other Income' at standalone level
  • The Group implemented the four new Labour Codes effective from 21 November, 2025
  • The consolidated results include 18 subsidiaries and 1 associate
  • 3 subsidiaries with total revenue of ₹6,888.11 lakhs and net profit of ₹114.85 lakhs were reviewed by other auditors
  • 9 subsidiaries with total revenue of ₹2,891.65 lakhs and net profit of ₹315.81 lakhs were not reviewed by their auditors