Asahi India Glass (515030) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2024 were approved, showing stable profitability and revenue growth year-over-year.

• Board changes include the end of tenure for an Independent Director and the appointment of a new Independent Director, Mr. Kamaljit Kalkat, subject to shareholder approval.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹106,286 lakhs, up from ₹102,986 lakhs in Q1 FY24.

• Standalone net profit for Q1 FY25 was ₹7,646 lakhs, compared to ₹7,606 lakhs in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹113,266 lakhs, up from ₹110,501 lakhs in Q1 FY24.

• Consolidated net profit for Q1 FY25 was ₹7,669 lakhs, compared to ₹7,325 lakhs in Q1 FY24.

• Basic and diluted EPS (consolidated) for Q1 FY25 stood at ₹3.21, up from ₹3.04 in Q1 FY24.

Outlook and guidance

• Financial statements were prepared in accordance with Ind AS and reviewed by the Audit Committee and Board, indicating continued adherence to regulatory and accounting standards.