– AIS
(Asahi India Glass Ltd.), India’s leading integrated glass Company
announced its unaudited financial results for the second quarter and the
half year ended 30th September, 2015 at its Board Meeting held today.
The consolidated financial performance highlights for the quarter ended 30th September, 2015 are as follows -
Net sales at Rs. 564.23 crores, reflected an increase of 3.15% over the previous period (Rs. 546.99 crores).
Total
income from operations at Rs. 561.81 crores increased by 2.53% over the
corresponding figure of the previous period of Rs. 547.94 crores.
Operating
Earnings before exchange loss/(gain), Interest, Depreciation, Taxes and
Amortisation (Operating EBIDTA) reached Rs. 109.81 crores registering
an increase of 17.22% over the corresponding figure of Rs. 93.68 crores
for the previous period.
Cash
profit stands at Rs. 58.27 crores as against the corresponding figure
of Rs. 44.29 crores in the previous period registering an increase of
31.56%.
Profit before Tax for the second quarter ended 30th September,
2015 was recorded at Rs. 30.76 crores as against Rs. 24.06 crores in
the previous period recording an increase of 27.85%.
Profit after Tax for the second quarter ended 30th September, 2015 recorded an increase of 12.22% at Rs. 18.92 crores as against Rs. 16.86 crores against the previous period.
The table below gives the details of the financial performance both on standalone and consolidated basis –
AIS – Financial Results for the second quarter ended 30th September, 2015
(Rs. Lakhs)
| |||||||||||
Particulars
|
(Standalone)
|
(Consolidated)
| |||||||||
2015
|
2014
|
Change (%)
|
2015
|
2014
|
Change (%)
| ||||||
Net Sales
|
54,992
|
53,604
|
2.59
|
56,423
|
54,699
|
3.15
| |||||
Operating EBIDTA*
|
11,205
|
9,546
|
17.38
|
10,981
|
9,368
|
17.22
| |||||
Cash Profit / (Loss)
|
6,067
|
4,672
|
29.86
|
5,827
|
4,429
|
31.56
| |||||
Profit/(Loss) Before Tax
|
3,424
|
2,709
|
26.39
|
3,076
|
2,406
|
27.85
| |||||
Profit/(Loss) after Tax
|
2,240
|
1,989
|
12.62
|
1,892
|
1,686
|
12.22
| |||||
| AIS – Financial Results for the half year ended 30th September, 2015 (Rs. Lakhs) | |||||||||
| Particulars | (Standalone) | (Consolidated) | |||||||
| 2015 | 2014 | Change (%) | 2015 | 2014 | Change (%) | ||||
| Net Sales | 107,605 | 105,317 | 2.17 | 109,767 | 107,620 | 1.99 | |||
| Operating EBIDTA* | 21,961 | 16,624 | 32.10 | 21,575 | 16,420 | 31.39 | |||
| Cash Profit / (Loss) | 12,028 | 7,521 | 59.93 | 11,619 | 7,250 | 60.26 | |||
| Profit/(Loss) Before Tax | 6,771 | 2,192 | 208.90 | 6,149 | 1,712 | 259.17 | |||
| Profit/(Loss) after Tax | 4,428 | 1,647 | 168.85 | 3,806 | 1,167 | 226.14 | |||
Speaking on the occasion, Mr. Sanjay Labroo, MD & C.E.O., AIS said –
"Our
operating performance in Q2 was in line with our expectations. However,
our net profit is impacted due to adverse forex and interest rates.
Overall, I am still satisfied with performance this quarter. During the
quarter, automotive glass sales remained strong due to the upbeat
market. Our brownfield expansion plans are on schedule and investments
are being carefully monitored to time the market needs correctly. In the
architectural segment, we continued to introduce new value added
products which are well received by the market. We plan to introduce
more value added products to further strengthen our product portfolio.
With some further improvements in commodity prices, exchange rates
complimented by the expected growth in economy, we expect to achieve our
stretched budgets by the end of this year. We continue our on-going
internal improvements program with a renewed positive momentum.”
About AIS:
Asahi
India Glass Ltd. (AIS) is a joint venture between the Labroo family,
Asahi Glass Co. Ltd. of Japan, and Maruti Suzuki India Limited. AIS
began operations in 1987.
AIS,
today, is a leading integrated glass company in India, manufacturing a
wide range of international quality automotive safety glass, float glass
and architectural processed and value added glass. AIS operates under
four strategic business units (SBUs), namely, Auto Glass, Architectural
Glass, Consumer Glass and Solar Glass.
Auto Glass is
India's largest manufacturer of world class automotive safety glass and
is, in fact, one of the largest in the field in Asia. It is the sole
supplier to almost all the OEMs and has a market share of approx. 76 per
cent in the Indian passenger car industry.
Consumer Glass SBU
is Company’s interface with end users for its range of automotive and
architectural glass offerings. Impeccable, customized and consumer
centric solutions is the key differentiator of Consumer Glass SBU. It
includes GlasXperts – a retail initiative in the Architectural Glass
segment and Windshield Experts which is India’s only automotive glass
repair & replacement specialist.
Solar Glass is
the newly formed SBU of the Company. Given the limited availability of
fossil fuel in the country, AIS is tapping the renewable energy space
with its solar glass offerings.
for media contact
Munmun S GentleSenior Account Manager
(A Comniscient Group Company)
2/52 Kamal Mansion, Arthur Bunder Road, Colaba Mumbai – 400005
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