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Asahi India Glass Ltd Q3FY24; 24% 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 Q3FY24 of ₹1,044.00 Crores up from ₹1,010.00 Crore year on year, a rise of 3.37%.

Total Expenses for Q3FY24 of ₹960.00 Crores up from ₹887.00 Crores year on year, a rise of 8.23%.

Consolidated Net Profit of ₹63.00 Crores down 24.1% from ₹83.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.61, down 24.35% from ₹3.45 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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