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Tuesday, January 23, 2007

Asahi India - Simply Unbreakable

Asahi India Glass (consolidated) Net Zooms 4.8 Times For Dec`06 Qtr

Asahi India Glass announced a consolidated net profit of Rs 139.24 million for the quarter ended Dec. 2006 as compared with Rs 28.88 million for the quarter ended Dec. 2005. Total income increased to Rs 1,902.924 million for the quarter ended Dec. 31, 2006, from Rs 1,228.86 million for the quarter ended Dec. 31, 2005.

On a standalone basis, the company posted a net profit of Rs 133.55 million for the quarter ended Dec. 2006 as compared with Rs 24.84 million for the quarter ended Dec. 31, 2005. Sales of the company increased to Rs 1,853.15 million for the current quarter as compared to Rs 1,214.66 million for the year-ago quarter. Total income increased to Rs 1,882.79 million for the quarter ended Dec. 2006 from Rs 1,216.31 million for the quarter ended Dec. 2005. The earnings per share (EPS) of the company was seen at Rs 0.84 for the December quarter in comparison with 0.22 for the year-ago quarter.

Asahi India Safety Glass (now known as Asahi India Glass) was established in 1987 with the objective of providing international quality safety glass to a rapidly expanding and modernising Indian automobile industry. It is promoted by B M Labroo & Associates, Asahi Glass Co, Japan, and Maruti Udyog, India.

It is India`s largest manufacturer of world class automotive safety glass and one of the largest in its field in the Asian region. It has the complete capability to design and develop new glass models in-house.

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