Asahi India Glass Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2025, recommended Final Dividend of Rs. 2 per equity share.
ASAHIINDIA · price
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Asahi India Glass Limited's board, at its May 14, 2025 meeting, recommended a final dividend of Rs. 2 per equity share (face value Rs. 1) for FY2024-25, subject to shareholder approval. The company reported consolidated revenue from operations of Rs. 4,594 crore for FY25, up about 5.5% from Rs. 4,357 crore in FY24. Consolidated net profit rose to Rs. 367 crore from Rs. 325 crore, a roughly 13% increase, with EPS of Rs. 15.27 versus Rs. 13.49. Standalone net profit grew to Rs. 389 crore from Rs. 336 crore. The company also commenced commercial operations at its new Float glass plant at Soniyana on March 25, 2025, and is seeking shareholder approval via postal ballot to appoint Mr. Shashank Srivastava as Non-Executive Director.
The Rs. 2 dividend matches last year's payout, indicating consistent shareholder returns rather than an increase or cut. Healthy profit growth and a newly commissioned Float glass plant signal operational expansion, which could support future earnings, though dividend yield remains modest given the stock's market price.