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Asahi India Glass Ltd Q1FY24; 3% fall in Profits.

Asahi India Glass Ltd. (AIS) is India’s leading value-added and integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. Established in 1984, It was formed as a Joint Venture between The Labroo Family, Asahi Glass Co. of Japan and Maruti Udyog Ltd (now Maruti Suzuki India Ltd).

Financial Results:

Asahi India Glass Ltd reported Revenues for Q1FY24 of ₹1,089.00 Crores up from ₹923.00 Crore year on year, a rise of 17.98%.

Total Expenses for Q1FY24 of ₹955.00 Crores up from ₹768.00 Crores year on year, a rise of 24.35%.

Consolidated Net Profit of ₹103.00 Crores down 2.83% from ₹106.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.27, down 2.95% from ₹4.40 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Glass
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