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.

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.