Asahi India Glass (515030) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 was the strongest quarter to date: total income rose 36.9% YoY to ₹1,591 Cr, EBITDA increased 76.4% to ₹351.4 Cr, and PAT reached ₹167.28 Cr.

• H1 FY27 total income reached ₹3,010 Cr, up 25.3% YoY, while EBITDA grew 69.5% to ₹682 Cr; H1 PAT was ₹316.36 Cr.

Financial highlights

• Consolidated Q2 revenue from operations was ₹1,585.8 Cr versus ₹1,151.22 Cr a year earlier; H1 revenue was ₹2,999.19 Cr versus ₹2,379.96 Cr.

• Q2 EBITDA was ₹351.4 Cr, up 76.4% YoY and 6.3% QoQ; EBITDA margin expanded to 22.1% from 17.1%.

• Q2 EBIT rose 108.2% YoY to ₹271.1 Cr; PBT increased 221.3% to ₹226.73 Cr and PAT rose to ₹167.28 Cr from ₹58.19 Cr.

• Q2 EPS was ₹6.56 versus ₹2.22 YoY; H1 EPS was ₹12.41 versus ₹4.42.

• H1 EBITDA margin was 22.7%, versus 16.8% YoY; PAT margin was 10.5%, versus 4.7%.

Segment performance

• Automotive Glass Q2 revenue was ₹1,065.92 Cr, up 30.8% YoY; H1 revenue was ₹2,015.2 Cr, up 26.6%, supported by passenger-vehicle demand and premiumization.

• Float Glass Q2 revenue was ₹608.07 Cr, up 58.4% YoY; H1 revenue was ₹1,153.3 Cr, up 49.7%, reflecting improved mix, full operation of F2 and efficiency gains.

• Automotive Glass Q2 segment PBT rose 69.2% YoY to ₹131.35 Cr; H1 segment PBT increased 62.1% to ₹259.01 Cr.

• Float Glass Q2 segment PBT increased 246.6% YoY to ₹137.16 Cr; H1 segment PBT rose 233.3% to ₹254.19 Cr.

• Consumer Glass Solutions continued developing customized home and automotive glass offerings and organized repair and replacement services.