Subdued Performance on Cost Pressure & Dismal Realisation Led by subdued realisation and higher gas prices, Asian Granito India (AGIL) has reported a weak performance in 1QFY19, with its reported revenue growing by a moderate 6% YoY (+11% GST adjusted) to Rs2.4bn. EBITDA fell by 30% YoY and 44% QoQ to Rs204mn, while EBITDA margin contracted by 445bps YoY and 71bps QoQ to 8.6%. While sales volume grew by a strong 23% YoY (-35% QoQ) to 8msm, a substantial 14% YoY and 6% QoQ decline in blended realisation to ~Rs298/sm along with ~16% YoY jump in gas prices dragged its quarterly operating performance. Further, 2QFY19 performance is also expected to be affected by transport strike...