Asahi India Glass Limited has informed the Exchange regarding Board meeting held on November 05, 2025.
ASAHIINDIA · price
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Awaiting price reaction for this filing.
Asahi India Glass Limited reported its Q2 FY26 results with standalone revenue from operations at Rs 1,082.4 crores (vs Rs 1,088.5 crores in Q2 FY25), broadly flat year-on-year. However, standalone net profit fell sharply to Rs 47.5 crores from Rs 92.7 crores in Q2 FY25, a decline of nearly 49%, while EPS dropped to Rs 1.86 from Rs 3.81. For H1 FY26, standalone net profit was Rs 100.8 crores versus Rs 169.1 crores in H1 FY25, down about 40%. Consolidated Q2 net profit was Rs 58.2 crores vs Rs 94.5 crores. Margins compressed sharply as finance costs nearly doubled to Rs 115.5 crores in H1 (from Rs 60.3 crores) and depreciation rose to Rs 126.3 crores (from Rs 85.3 crores), reflecting heavy capital expenditure. The company raised Rs 1,000 crores via a Qualified Institutional Placement (QIP) during the quarter, which boosted cash reserves significantly.
Despite stable top-line growth, sharp PAT decline and margin compression on rising finance and depreciation costs may pressure the stock in the short term. However, the successful Rs 1,000 crore QIP strengthens the balance sheet and funds ongoing capacity expansion, which could support future growth once new assets ramp up.