ASAHIINDIAAsahi India Glass Ltd.
Asahi India Glass Q2 FY27 Results: Consolidated Net Profit ₹167 Crore on Total Income of ₹1,591 Crore
- Earnings
- glass manufacturing
Reviewed byRachit TripathiBlacklitt Research
Asahi India Glass (NSE: ASAHIINDIA) reported total income of ₹1,591 crore and net profit of ₹167 crore on a consolidated basis for the quarter ended 30 Sep 2026. On a standalone basis, total income was ₹1,480 crore and net profit ₹171 crore. The company said in a filing on 03 Nov 2026 that its board approved the results.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,590.99 crore, up 36.9% YoY and 12.1% QoQ
- Net profit and EPS: Net profit attributable to owners ₹167.28 crore; basic EPS ₹6.56, up from ₹2.22
- Finance costs: ₹44.63 crore, down 24.9% YoY and 4.5% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,479.67 crore, up 35.3% YoY and 11.5% QoQ
- Net profit and EPS: Net profit ₹170.73 crore; basic EPS ₹6.70, up from ₹1.86
- Finance costs: ₹43.05 crore, down 25.5% YoY and 4.6% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,591 | 1,162 | +36.9% | 1,419 | +12.1% | |
| Revenue from operations | 1,586 | 1,151 | +37.7% | 1,413 | +12.2% |
| Other income | 5 | 11 | -52.5% | 6 | -9.7% |
| 167 | 58 | +187.5% | 149 | +12.2% | |
| Profit before tax | 227 | 71 | +221.3% | 203 | +11.9% |
| Finance costs | 45 | 59 | -24.9% | 47 | -4.5% |
| Depreciation | 80 | 69 | +16.5% | 81 | -0.7% |
| Tax expense | 59 | 12 | +380.2% | 54 | +11.0% |
| Net profit margin | 10.51% | 5.01% | +5.51 pp | 10.50% | +0.01 pp |
| EPS, basic (₹) | 6.56 | 2.22 | +195.5% | 5.85 | +12.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than income. Consolidated net profit rose 187.5% YoY while total income rose 36.9%, and profit before tax rose 221.3%. Tax expense rose 380.2% to ₹59 crore from ₹12 crore, so the gap between profit before tax and net profit widened in percentage terms against the year-earlier quarter.
Other income fell to ₹5 crore from ₹11 crore, and is 0.3% of total income this quarter. Revenue from operations, at ₹1,585.80 crore, rose 37.7% YoY, so the growth in total income comes almost entirely from operations. Other income is 2.3% of profit before tax of ₹226.73 crore.
Finance costs fell 24.9% YoY to ₹44.63 crore, which is 2.8% of total income. The notes do not explain the fall. Depreciation rose 16.5% to ₹80.35 crore.
The consolidated results include the share of profit of an associate, Fourvolt Solar Private Limited, of ₹29 lakh for the quarter, based on accounts not reviewed by its auditors. Auditor V S S A & Associates issued an unmodified limited review conclusion, but did not review three subsidiaries, whose results were reviewed by other auditors and furnished to the auditor by management.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,480 | 1,094 | +35.3% | 1,327 | +11.5% | |
| Revenue from operations | 1,474 | 1,082 | +36.2% | 1,320 | +11.7% |
| Other income | 6 | 11 | -51.3% | 6 | -12.8% |
| 171 | 47 | +259.7% | 151 | +12.7% | |
| Profit before tax | 230 | 67 | +243.9% | 204 | +12.7% |
| Finance costs | 43 | 58 | -25.5% | 45 | -4.6% |
| Depreciation | 74 | 63 | +16.1% | 75 | -1.3% |
| Tax expense | 59 | 19 | +205.3% | 53 | +12.6% |
| Net profit margin | 11.54% | 4.34% | +7.20 pp | 11.42% | +0.12 pp |
| EPS, basic (₹) | 6.70 | 1.86 | +260.2% | 5.94 | +12.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 259.7% YoY to ₹170.73 crore, faster than total income, which rose 35.3%. Profit before tax rose 243.9% to ₹229.86 crore against ₹66.83 crore a year earlier.
Standalone tax expense was ₹59.13 crore, which is 25.7% of profit before tax, against ₹19.37 crore a year before. Standalone other income of ₹5.57 crore is 2.4% of profit before tax.
The notes do not state the reason for the difference.
The results show an exceptional item only in the year ended 31 Mar 2026, of ₹11.74 crore consolidated and ₹6.54 crore standalone, and none in the quarters shown. Paid-up equity share capital is ₹25.49 crore at face value of Re. 1 per share.
Inference
The half-year statements show dividend paid of ₹50.99 crore in the period ended 30 Sep 2026, in both the standalone and consolidated cash flow statements. The results statement does not declare a dividend for the current period.
The filing does not say what the company plans to do with its borrowings or capital expenditure, and the notes give no reason for the fall in finance costs.
Filed with BSE on . Reference: Original filing (PDF)
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