Asahi India Glass Q1 Net Profit Declines to ₹54.79 Crore

Asahi India Glass Limited (AIS) reported a consolidated net profit of ₹54.79 crore for the first quarter ended June 30, 2025, compared to ₹76.69 crore in the same quarter last year. The company's revenue from operations increased to ₹1,228.74 crore from ₹1,132.66 crore year-on-year. The board has also approved the appointment of Mr. Kazuo Ninomiya as an Additional Director.

Q1 FY26 Financial Results (Consolidated) (in ₹ Lakhs)
Particulars	Q1 FY26	Q1 FY25	YoY Change	Q4 FY25	QoQ Change
Revenue from Operations	122874	113266	+8.5%	117985	+4.1%
Other Income	1077	317	+239.4%	879	+22.5%
Total Income	123951	113583	+9.1%	118864	+4.3%
Profit Before Tax	7577	10715	-29.3%	12432	-39.1%
Net Profit	5479	7669	-28.5%	9154	-40.1%

Financial Performance

The company's consolidated revenue from operations for Q1 FY26 stood at ₹1,228.74 crore, an increase of 8.5% compared to ₹1,132.66 crore in Q1 FY25. Total income for the quarter was ₹1,239.51 crore, up 9.1% from ₹1,135.83 crore in the corresponding quarter of the previous year. The net profit for the period was ₹54.79 crore, a decrease of 28.5% compared to ₹76.69 crore in Q1 FY25.

Segment-wise Revenue (Consolidated)

The segment-wise revenue for the quarter ended June 30, 2025, is as follows:

Automotive Glass: ₹77,735 Lakhs

Float Glass: ₹38,676 Lakhs

Others: ₹2,674 Lakhs

Board Meeting Outcomes

In addition to the financial results, the Board of Directors approved the following:

Appointment of Mr. Kazuo Ninomiya as an Additional Director, effective from August 1, 2025. He will serve as a Non-Executive Director, liable to retire by rotation, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Mr. Masahiro Takeda has resigned from the board due to his retirement from AGC Inc., Japan, effective from the close of business hours on July 31, 2025.

Re-appointment of Ms. Sheetal Mehta as an Independent Director for a second term of five consecutive years, starting November 4, 2025, subject to shareholder approval.

Appointment of Mr. Sundeep Kumar Parashar as the Secretarial Auditor for a term of five years, commencing from FY 2025-26 until FY 2029-2030, subject to shareholder approval.

The 40th Annual General Meeting (AGM) of the Company will be held on Wednesday, September 10, 2025, via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The Register of Members and Share Transfer Books will be closed from September 4, 2025, to September 10, 2025, for the purpose of the AGM and dividend.

Merger of Subsidiaries

The National Company Law Tribunal (NCLT), New Delhi Bench, approved the merger of three subsidiaries with AIS Glass Solutions Limited, effective from April 1, 2023. The certified copy of the NCLT order was filed with the Registrar of Companies on July 1, 2025. The merger adjustments will be incorporated in the restated financial statements of AIS Glass Solutions Limited from the appointed date.

Auditor's Review

The unaudited consolidated financial results have been reviewed by VSSA & Associates, Chartered Accountants. The review was conducted in accordance with the Standard on Review Engagements (SRE) 2410.

Asahi India Glass Q1 Net Profit Declines to ₹54.79 Crore