During Monday’s trading session, the shares of one of India’s leading stone mining and quarrying companies surged nearly 18.6 percent at Rs. 54.9 on BSE, after reporting financial results for Q3 FY25 with a net profit growth of nearly 2340 percent QoQ and 22 percent YoY.
With a market cap of Rs. 481.3 crores, the shares of ASI Industries Limited closed in the green at Rs. 53.43, up by around 15.5 percent, as compared to its previous closing price of Rs. 46.28.
What’s the news
The fluctuations in the share prices were observed after ASI Industries Limited announced the financial results for Q3 FY25, through the recent filings with the BSE.
For Q3 FY25, ASI Industries Limited reported revenue from operations (net) of Rs. 49.2 crores, reflecting a significant growth of around 111.2 percent QoQ from Rs. 23.3 crores in Q2 FY25, and increased marginally by about 7.7 percent YoY from Rs. 45.7 crores in Q3 FY24.
The company’s net profit for Q3 FY25 grew to Rs. 12.2 crores, representing a rise of around 2340 percent QoQ from Rs. 0.5 crores in Q2 FY25, and a year-on-year growth of nearly 22 percent from Rs. 10 crores in Q3 FY24.
Further, EBITDA stood at Rs. 19.82 crores for Q3 FY25 as compared to Rs. 16.2 crores during Q3 FY24, representing an increase of 22.64 percent QoQ. During the same period, EBITDA Margin increased by 392 basis points (bps) QoQ to 36.4 percent, as against 32.48 percent.
Stock Performance
The stock has delivered positive returns of nearly 82.7 percent of returns in one year, as well as around 79 percent returns in the last six months. Meanwhile, the shares of ASI Industries have fallen by around 0.2 percent in the last one month.
About the company
Founded in 1945, ASI Industries Limited, formerly known as Associated Stone Industries (Kotah) Limited, is principally engaged in the business of mining and processing of Kotah and other natural stones in India and internationally.
Written by Shivani Singh
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