Asahi India Glass (515030) Q3 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for Q3 and nine months ended 31 Dec 2024 were approved, showing strong revenue and profit growth year-over-year.

• Board approved plans to increase production capacity in automotive and architectural segments via new greenfield plants, with a fundraising target of up to ₹1,000 Crores.

• Postal ballot to be conducted for shareholder approval on key resolutions, including fundraising and board powers.

Financial highlights

• Standalone Q3 revenue from operations: ₹105,422 Lakhs, up from ₹99,891 Lakhs in Q3 last year.

• Standalone Q3 net profit: ₹12,854 Lakhs, up from ₹6,824 Lakhs year-over-year; EPS (basic/diluted): ₹5.29.

• Consolidated Q3 revenue from operations: ₹112,430 Lakhs, up from ₹104,358 Lakhs in Q3 last year.

• Consolidated Q3 net profit: ₹10,454 Lakhs, up from ₹6,264 Lakhs year-over-year; EPS (basic/diluted): ₹4.34.

• Exceptional item in Q3: profit on sale of non-current investment in an associate, boosting profit before tax.

Outlook and guidance

• Expansion of production capacity planned, primarily in automotive and architectural glass, to meet anticipated demand.

• Fundraising of up to ₹1,000 Crores to support expansion, subject to shareholder and regulatory approvals.