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Asahi India Glass posts average Q3FY18 numbers

Nidhi Jani
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Asahi India Glass posts average Q3FY18 numbers

Asahi India Glass reported its results for the quarter ended December 31, 2017 on Tuesday.

The company's consolidated revenue for the quarter came in at Rs 640.38 crore, registering an increase of 2.5 per cent YoY. This was primarily driven by 9.4 per cent YoY increase in revenue from float glass.
  
Its EBITDA for the quarter rose by 12.7 per cent YoY to Rs. 111.6 crore, with a corresponding margin expansion of 158 bps. The EBITDA margin for the quarter stood at 17.4 per cent.

The PAT for the quarter came in at Rs. 43.16 crore, an increase of 5.3 per cent YoY.

Asahi India Glass Limited (AIS) is an integrated glass solutions company. The company is engaged in the manufacture of glass in primary or semi-manufactured forms. The company's segments include automotive glass and float glass. The company is a supplier of glass to the automotive industry.

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