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ASAHIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asahi India Glass Limited reported audited standalone results for FY26 ending March 31, 2026. Total revenue grew 8.5% to Rs 4,71,978 Lakhs from Rs 4,34,782 Lakhs in FY25, driven by higher automotive and float glass segment sales. However, net profit declined 15.2% to Rs 32,994 Lakhs from Rs 38,910 Lakhs, primarily due to a 62% increase in finance costs (Rs 19,806 Lakhs vs Rs 12,230 Lakhs) and 53% rise in depreciation (Rs 26,331 Lakhs vs Rs 17,250 Lakhs). EPS dropped to Rs 13.23 from Rs 16.01. The Board recommended dividend of Rs 2 per share (face value Re 1) subject to shareholder approval. The auditor issued an unmodified (clean) opinion. Three subsidiaries were merged with AIS Glass Solutions (now AIS Consumer Glass Solutions) effective July 1, 2025.
The stock may face pressure due to profit decline despite revenue growth, as higher debt servicing costs and depreciation impacted bottom-line. The dividend announcement provides some support for shareholders. Investors should monitor the company's debt levels and interest coverage going forward.