Asahi India Glass Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and First Six Months Ended September 30, 2017
November 08, 2017 at 02:11 pm IST
Share
Asahi India Glass Ltd. reported unaudited standalone and consolidated earnings results for the second quarter and first six months ended September 30, 2017. For the quarter, on standalone basis, the company reported profit before exceptional items and tax of INR 652.7 million against INR 687.7 million for the same period of last year. Profit from ordinary activities before tax was INR 652.7 million against INR 686.2 million for the same period of last year. Net profit for the period was INR 417.9 million or INR 1.72 per basic and diluted share against INR 416.5 million or INR 1.71 per basic and diluted share for the same period of last year. Sales/income from operations was INR 6,190.8 million against INR 6,563.8 million for the same period of last year.
For the six months, on standalone basis, the company reported profit before exceptional items and tax of INR 1,272.9 million against INR 1,184.0 million for the same period of last year. Profit from ordinary activities before tax was INR 1,272.9 million against INR 1,182.5 million for the same period of last year. Net profit for the period was INR 832.4 million or INR 3.42 per basic and diluted share against INR 722.2 million or INR 2.97 per basic and diluted share for the same period of last year. Sales/income from operations was INR 12,779.9 million against INR 12,666.0 million for the same period of last year.
For the quarter, on consolidated basis, the company reported profit from operations before other income, finance costs & exceptional items of INR 606.5 million against INR 648.1 million for the same period of last year. Profit from ordinary activities before tax was NR 606.5 million against INR 646.6 million for the same period of last year. Net profit for the period was INR 381.7 million or INR 1.62 per basic and diluted share against INR 376.8 million or INR 1.60 per basic and diluted share for the same period of last year. Sales/income from operations was INR 6,266.0 million against INR 6,635.8 million for the same period of last year.
For the six months, on consolidated basis, the company reported profit from operations before other income, finance costs & exceptional items of INR 1,185.6 million against INR 1,108.9 million for the same period of last year. Profit from ordinary activities before tax was INR 1,185.6 million against INR 1,107.4 million for the same period of last year. Net profit for the period was INR 773.6 million or INR 3.25 per basic and diluted share against INR 645.2 million or INR 2.79 per basic and diluted share for the same period of last year. Sales/income from operations was INR 12,975.8 million against INR 12,864.6 million for the same period of last year.
Asahi India Glass Limited is an India-based integrated glass and windows solutions company. The Company is engaged in the business of manufacturing of auto glass, float glass and other value-added glasses. Its segments include Automotive Glass and Float Glass. Its auto glass products are used in the manufacturing of passenger and commercial vehicles (trucks and buses), railways, metros, tractors, and off-highway vehicles. The wide range of offerings includes laminated windshields, tempered glass for sidelites and backlites and value-added products like solar control, dark green glass, acoustic, defogger glasses and heated and rain-sensor windshields. Its architectural glass product range consists of float glass, energy-efficient glass, value-added glass, super specialty glass and ais windows. Its consumer glass business includes the automotive customer front facing business of Windshield Experts (WE) and the architectural glass services business of AIS Windows and Glasxperts (GX).
Asahi India Glass Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and First Six Months Ended September 30, 2017