Earnings | Asahi India Glass Ltd. (NSE: ASAHIINDIA): Q4FY23 Results Out; Total Income rises 11% YoY.

Asahi India Glass Ltd. is a leading integrated glass solutions company in India, excelling in both 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). AIS offers end-to-end solutions across the entire glass value chain, encompassing manufacturing, processing, fabrication, and installation services. Being a comprehensive “sand-to-solutions” provider, AIS delivers a wide range of glass products and services to customers in India and around the world. With its expertise and innovative offerings, AIS has established itself as a dominant player in the industry.

• Asahi India Glass Ltd. reported Total Income for Q4 FY23 of ₹1,039 Crore up from ₹934 Crore year on year, a growth of 11%.
• Total Expenses for Q4 FY23 of ₹923 Crore up from ₹746 Crore year on year, a growth of 24%.
• Consolidated Net Profit of ₹69 Crore, down 46% from ₹129 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹2.86, down 46% from ₹5.30 in the same quarter of the previous year.