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Wednesday, August 01, 2007

Asahi India - Class Apart In Glass

Asahi India Net Jumps 4.16 Times For Jun`07 Qtr

Asahi India Glass reported a phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the net profit of the company went up 4.16 times to Rs 207.20 million from Rs 49.83 million in the same quarter, last year.

Net sales for the quarter ended June 2007 rose 30.21% to Rs 2,250 million from Rs 1,727.94 milion during the corresponding quarter, a year ago. Total income climbed 56.92% to Rs 2,724.9 million for the quarter ended June 2007 from Rs 1,736.47 million in the same quarter, a year ago.

Operating margins decreased to 0.96% during the quarter, a fall of 684.60 basis points compared with the corresponding quarter, a year ago. Net margins, on the other hand, rose to 7.60% during the quarter from 2.87% in the same period, last year. Excluding extraordinary income (expense), the net margin is estimated to be at 9.35% for the quarter.

The company`s earnings per share on a trailing twelve month basis is Rs 3.62.

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