Asahi India Glass Q2 Results Live : Asahi India Glass declared their Q2 results on 29 Oct, 2024, showcasing a topline increase of 3.41% year-over-year, alongside a notable profit rise of 9.9%. Compared to the previous quarter, revenue grew by 2.21%, while profit surged by 22.43%.
The company’s selling, general, and administrative expenses rose by 5.26% quarter-on-quarter and saw a 7.01% increase year-over-year, indicating rising operational costs amid their growth trajectory.
In terms of operating performance, Asahi India Glass reported an operating income increase of 22.47% quarter-on-quarter and a 15.68% increase year-over-year, reflecting robust operational efficiency.
Earnings per share (EPS) for Q2 stood at ₹3.93, marking a 10.08% increase year-over-year, further demonstrating the company’s profitability enhancements.
In the stock market, Asahi India Glass has registered a return of 1.24% in the last week, 16.99% over the past six months, and an impressive 22.07% year-to-date return, indicating strong investor confidence.
Currently, Asahi India Glass has a market capitalization of ₹17,109.88 crore, with a 52-week high of ₹833.95 and a low of ₹501.55, reflecting the stock’s volatility and growth potential.
As of 31 Oct, 2024, out of two analysts covering the company, one has given a ‘Strong Sell’ rating while the other has issued a ‘Buy’ rating, highlighting a divergence in market sentiment regarding the company’s future prospects.
Asahi India Glass Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1157.68 | 1132.66 | +2.21% | 1119.51 | +3.41% |
| Selling/ General/ Admin Expenses Total | 270.91 | 257.37 | +5.26% | 253.17 | +7.01% |
| Depreciation/ Amortization | 47.56 | 46.71 | +1.82% | 42.95 | +10.73% |
| Total Operating Expense | 992.71 | 997.96 | -0.53% | 976.9 | +1.62% |
| Operating Income | 164.97 | 134.7 | +22.47% | 142.61 | +15.68% |
| Net Income Before Taxes | 140.91 | 107.15 | +31.51% | 116.55 | +20.9% |
| Net Income | 95.48 | 77.99 | +22.43% | 86.88 | +9.9% |
| Diluted Normalized EPS | 3.93 | 3.21 | +22.43% | 3.57 | +10.08% |
