Asahi India Q4 Review - Well-Placed To Ride On Passenger Vehicles Recovery: Dolat Capital

Employees make preparations for installing the windscreen in a  production line at a factory. (Photographer Udit Kulshrestha/Bloomberg)

Asahi India Q4 Review - Well-Placed To Ride On Passenger Vehicles Recovery: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Asahi India Glass Ltd. printed an impressive performance in Q4.

Revenue grew 36% YoY/8%QoQ to Rs 8.14 billion. Operating margin remains strong at 22.3% led by resilient margin in building glass division.

Ebit margin for automotive glass contracted by 53 basis points QoQ to 16.7% while building glass expanded by 240 basis points QoQ to 25.3% led by benefit of restrictions on import and low fuel cost.

We expect the company to be a key beneficiary of revival in the volume of automotive and architectural glass (building) segments.

Moreover, strong traction in aftermarket business will also aid profitability.

Click on the attachment to read the full report:

Dolat Capital Asahi India Glass Q4FY21 Result Update.pdf


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