Asahi India Glass Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Asahi India Glass Ltd reported a 2.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.9%.
- Its expenses for the quarter were up by 0.6% QoQ and 7.2% YoY.
- The net profit increased 10.6% QoQ and increased 66.9% YoY.
- The earnings per share (EPS) of Asahi India Glass Ltd stood at 4.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1138.70 | 1163.31 | 1045.18 | -2.1% | 8.9% |
Total Expenses | 1029.62 | 1023.88 | 960.14 | 0.6% | 7.2% |
Profit Before Tax | 140.91 | 139.43 | 85.04 | 1.1% | 65.7% |
Tax | 35.86 | 46.37 | 22.55 | -22.7% | 59.0% |
Profit After Tax | 104.54 | 94.54 | 62.64 | 10.6% | 66.9% |
Earnings Per Share | 4.30 | 3.90 | 2.60 | 10.3% | 65.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Asahi India Glass Ltd, commonly known as AIS, is a prominent player in the glass manufacturing industry in India. The company primarily operates in the manufacturing and distribution of glass products, catering to various sectors including automotive, construction, and consumer goods. AIS is known for its comprehensive product range that includes float glass, toughened glass, laminated glass, mirrors, and architectural processed glass. The company has established itself as a market leader through innovation and a focus on quality. Any recent major developments within the company or industry were not provided in the data.
Revenue
For the quarter ending Q3FY25, Asahi India Glass Ltd reported a total income of ₹1138.70 crores, which represents a year-over-year increase of 8.9% compared to Q3FY24, where the total income was ₹1045.18 crores. However, there was a quarter-over-quarter decline of 2.1% from Q2FY25 when the total income was recorded at ₹1163.31 crores. This data indicates a consistent year-over-year growth in revenue, despite a slight dip in sequential quarterly performance.
Profitability
In terms of profitability, the company recorded a profit before tax of ₹140.91 crores in Q3FY25, which increased by 65.7% year-over-year from ₹85.04 crores in Q3FY24. The quarter-over-quarter growth was a modest 1.1% from ₹139.43 crores in Q2FY25. Profit after tax for Q3FY25 stood at ₹104.54 crores, showing a significant year-over-year increase of 66.9% from ₹62.64 crores in Q3FY24. There was also a 10.6% rise quarter-over-quarter from ₹94.54 crores in Q2FY25. The tax expense for Q3FY25 was ₹35.86 crores, demonstrating a year-over-year increase of 59.0% but a quarter-over-quarter decrease of 22.7%.
Operating Metrics
The operating metrics for Asahi India Glass Ltd reveal total expenses for Q3FY25 at ₹1029.62 crores, which marks a year-over-year increase of 7.2% from ₹960.14 crores in Q3FY24. There was a slight quarter-over-quarter increase of 0.6% from ₹1023.88 crores in Q2FY25. Earnings per share for Q3FY25 were reported at ₹4.30, reflecting a year-over-year growth of 65.4% from ₹2.60 in Q3FY24, and a quarter-over-quarter increase of 10.3% from ₹3.90 in Q2FY25. These metrics indicate the company's ability to maintain profitability while managing expense growth over the periods reviewed.
