Asahi India Glass Reports Strong Q3 FY25 Earnings, Approves ₹1,000 Crore Expansion Plan

New Delhi, India – January 29, 2025 – Asahi India Glass Limited (NSE: ASAHIINDIA, BSE: 515030) has reported robust financial results for Q3 FY25, backed by strong revenue growth, strategic expansions, and an approved ₹1,000 crore fundraising plan. The company aims to increase automotive and architectural glass production capacities through new greenfield plants.

Financial Performance: Q3 FY25​

Standalone Financial Highlights (₹ in Lakhs)​

• Revenue from Operations: ₹1,05,719 lakh (up 6.2% YoY) from ₹99,464 lakh in Q3 FY24.
• Total Income: ₹1,06,924 lakh (up 6.7% YoY) from ₹1,00,221 lakh in Q3 FY24.
• EBITDA: ₹16,372 lakh (up 77.3% YoY).
• Profit Before Tax (PBT): ₹16,372 lakh (up 77.3% YoY).
• Net Profit: ₹12,854 lakh (up 88.3% YoY) from ₹6,824 lakh in Q3 FY24.
• Earnings Per Share (EPS): ₹5.29 per share, compared to ₹2.81 in Q3 FY24.

For the nine months ending December 31, 2024:

• Revenue from Operations: ₹3,20,055 lakh (up 2.6% YoY) from ₹3,12,047 lakh.
• Net Profit: ₹29,772 lakh (up 14.7% YoY) from ₹25,947 lakh.
• Earnings Per Share (EPS): ₹12.25, compared to ₹10.67 in the same period last year.

Consolidated Financial Highlights (₹ in Lakhs)​

• Revenue from Operations: ₹1,12,533 lakh (up 8.5% YoY) from ₹1,03,686 lakh.
• Total Income: ₹1,13,870 lakh (up 8.9% YoY).
• Net Profit: ₹10,454 lakh (up 66.8% YoY) from ₹6,264 lakh.
• Earnings Per Share (EPS): ₹4.34 per share, compared to ₹2.61 in Q3 FY24.

For the nine months ending December 31, 2024:

• Revenue from Operations: ₹3,40,394 lakh (up 5.3% YoY) from ₹3,23,212 lakh.
• Net Profit: ₹27,576 lakh (up 9.5% YoY) from ₹25,180 lakh.
• Earnings Per Share (EPS): ₹11.47, compared to ₹10.45 in the same period last year.

Operational and Cost Efficiencies Driving Growth​

• Automotive Glass Revenue: ₹73,921 lakh (up 16.3% YoY).
• Float Glass Revenue: ₹32,055 lakh (down 10% YoY).
• Other Segments Revenue: ₹3,241 lakh (up 72.1% YoY).
• Power & Fuel Costs: ₹16,354 lakh (up 2% YoY).
• Depreciation & Amortization: ₹4,343 lakh (up 2.7% YoY).

The float glass segment saw a revenue decline. Still, the automotive glass division offset this with strong demand from the automobile sector.

₹1,000 Crore Fundraising Plan for Expansion​

The Board of Directors approved a ₹1,000 crore fundraising plan to support the company’s production capacity expansion through:

• New greenfield plants in the automotive and architectural glass segments.
• Raising funds through equity shares, convertible instruments, debt securities, or a combination thereof.
• Approvals via shareholder postal ballot and regulatory compliance.

This investment aligns with India’s growing demand for advanced glass solutions in automobiles and construction.

Strategic Developments and Future Outlook​

1. Greenfield Expansion and Increased Capacity​

• Strengthening presence in the premium automotive and architectural glass segments.
• New facilities will cater to rising demand in domestic and export markets.

2. Shareholder and Corporate Governance Initiatives​

• Postal ballot for shareholder approval of fundraising plan.
• Appointment of Lt. Gen. Ravin Khosla (Retd.) as Independent Director.

3. Financial Stability and Market Confidence​

• Improved revenue and profit margins indicate long-term growth potential.
• The float glass segment is expected to recover with upcoming projects.

Investor Takeaways​

• Profits surged by 88.3% YoY, reflecting strong operational efficiency.
• ₹1,000 crore fundraising will drive future expansion in high-growth segments.
• Steady EPS growth, making AIS an attractive long-term investment.
• Expansion in the automotive glass business aligns with rising vehicle demand in India.

Conclusion​

With record-breaking Q3 FY25 performance, an apparent expansion roadmap, and substantial shareholder confidence, Asahi India Glass Limited is well-positioned for sustained growth. The ₹1,000 crore investment in production capacity and greenfield projects will solidify its leadership in the glass industry.