Quarterly Results: Asahi India Glass Ltd
Shital Jibhe / 08 Nov 2016
Asahi India Glass Ltd., ended at Rs. 192.95, up by 0.95 points or 0.49% from its earlier closing of Rs. 192 on the BSE. Asahi India Glass Ltd’s net revenue for the quarter has surged 10.4% yoy to Rs 668 cr.
Technical View:
Asahi India Glass Ltd., ended at Rs. 192.95, up by 0.95 points or 0.49% from its earlier closing of Rs. 192 on the BSE.
The scrip touched a high and low of Rs. 195.95 and Rs. 191.3 respectively, after opening at 193. Altogether 20395 (NSE+BSE) shares were traded on the counter; and the stock is trading above its 50 DMA.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
Asahi India Glass Ltd’s net revenue for the quarter has surged 10.4% yoy to Rs 668 cr.
The company's EBITDA has climbed 26.1% yoy to Rs 118 cr while EBITDA margins have improved by 221 bps yoy to 17.7%. This was anchored by foreign exchange gain of Rs 2.8 cr as compared to Rs 15.31 cr loss in same quarter of the previous year.
Asahi's net profit has surged 69.7% yoy to Rs 32 cr majorly attributed to 77% uprise in other income.
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